Change - Announcement of Cessation::Cessation of Non-Independent Non-Executive Director
Issuer & Securities
VIKING OFFSHORE AND MARINE LIMITED
VIKING OFFSHORE & MARINE LTD - SGXE45420721 - 1Y1
VIKING OFFSHORE & MA W220701 - SGXN37575515 - KZHW
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Non-Independent Non-Executive Director
Submitted By (Co./ Ind. Name)
Ng Yeau Chong
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Lee Suan Hiang as Non-Independent Non-Executive Director.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
The announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
Name Of Person
Lee Suan Hiang ("Mr Lee")
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Lee has served on the Board of Directors of the Company ("Board") for more than nine years, and was re-designated as Non-Independent Non-Executive Director of the Company with effect from 1 January 2022. As stated in the Company's announcement on 31 December 2021, Mr Lee will remain on the Board pending the completion of the mandatory general offer ("MGO") of the Company. Subsequent to the closing date of the MGO on 3 January 2022, Mr Lee tendered his resignation as a director of the Company with effect from 6 January 2022, to allow for renewal of the Board.
Following Mr Lee's resignation, Mr Lee will also cease to be Chairman of the Nominating Committee ("NC") and a member of the Audit Committee ("AC") and the Remuneration Committee ("RC") with effect from 6 January 2022.
After having interviewed Mr Lee and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Lee as a director of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director, Chairman of the NC, as well as a member of the AC and the RC
Role and responsibilities
Assumed the role and responsibilities of a Non-Independent Non-Executive Director of the Company, Chairman of the NC, as well as a member of the AC and the RC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Direct interest: 71,400 ordinary shares and 10,200 warrants in the listed issuer.
Past (for the last 5 years)
Singapore Institute of Directors
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Pasir Ris Resort Pte Ltd
Perennial Real Estate Holdings Ltd
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Viking Airtech Pte Ltd
MindChamps Media Pte. Limited
MindChamps Worldschool Pte. Limited
Anacle Systems Ltd
MindChamps Preschool Ltd
Leader Environmental Technologies Ltd
LASALLE College of the Arts Limited
Global Business Advisers Pte Ltd
The Singapore Lyric Opera Ltd
Global Cultural Alliance Limited
Catholic Foundation Limited
Singapore Ballet Limited (f.k.a Singapore Dance Theatre Limited)