Change - Announcement of Cessation::Cessation of Independent Director (Mr Eu Lee Koon)
Issuer & Securities
ATLANTIC NAVIGATION HOLDINGS (SINGAPORE) LIMITED
ATLANTIC NAVIGATION HLDG(S)LTD - SG2F00983534 - 5UL
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Independent Director (Mr Eu Lee Koon)
Submitted By (Co./ Ind. Name)
Wong Siew Cheong
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Independent Director (Mr Eu Lee Koon).
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
This 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 Lee Khai Yinn (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Name Of Person
Eu Lee Koon
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Board restructuring pursuant to the completion of the Proposed Subscription.
The Sponsor, after having interviewed Mr Eu Lee Koon, is satisfied that other than as disclosed in this announcement, there is no other reason for the resignation of Mr Eu Lee Koon.
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.)
Independent Director, Chairman of the Remuneration Committee, member of Audit Committee and Nominating Committee.
Role and responsibilities
Assumed the roles and responsibilities of the Independent Director, Chairman of the Remuneration Committee, member of Audit Committee and Nominating Committee.
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?
260,000 share options granted under the Atlantic 2008 Employee Share Option Scheme.
Past (for the last 5 years)
3vs1 Asia Growth Fund 2 Ltd
Thakral Capital Holdings Pte. Ltd.
Capital Plus Pte Ltd