Change - Announcement of Appointment::Appointment of Executive Managing Director

Issuer & Securities

Issuer/ Manager
MAGNUS ENERGY GROUP LTD.
Securities
MAGNUS ENERGY GROUP LTD. - SG1AI2000007 - 41S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Apr-2018 22:03:36
Status
New
Announcement Sub Title
Appointment of Executive Managing Director
Announcement Reference
SG180402OTHRHD58
Submitted By (Co./ Ind. Name)
LUKE HO KHEE YONG
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 Mr Bernard Lui.
Tel: 6389 3000 Email: bernard.lui@morganlewis.com

Additional Details

Date Of Appointment
02/04/2018
Name Of Person
Charles Madhavan
Age
60
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC") has reviewed Mr Madhavan's qualifications and experience to be complementary to the skills of the Board, and the Board has accepted the NC's recommendation and has approved his appointment as a Managing Director of the Company. The Board is of view that he has the requisite experience and capability to assume the responsibility of a Managing Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Yes. Strategic development of the Group business.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Blue Water Asia Pacific Group Ltd (BVI)
2017 to present - Director / Shareholder

Idola Cakrawala International Pte Ltd
2016 to present - Director / Shareholder

White & Brown Pte Ltd
2016 to present - Director / Shareholder

Palau Energy Pte Ltd
2016 to present - Director

Blue Water O&G Pte Ltd
2015 to present - Director

Blue Water Engineering Pte Ltd
2000 to present - Director

International Investments Holding Technology Pte Ltd
2015 to 2017 - Director / Shareholder

GSS Energy (S) Limited (SGX listed company)
2015 - Executive Director

Nusantara Resources Pte Ltd
2015 - Director

Select Energy Pte Ltd
2014 - Director

Java Petral Energy Pte Ltd (struck off 6 Feb 2017)
2012 to 2017 - Director

Cepu Sakti Energy Pte Ltd
2002 to 2015 - Executive Director
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Following the recent placement exercise by the Company, Mr Charles Madhavan's total deemed interest is 5.50% of the share capital of the Company held by Blue Water Engineering Pte Ltd, Idola Cakrawala International Pte Ltd and his spouse.
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
1. Director of White and Brown Holdings Pte Ltd (current)
2. Director of Blue Water Engineering Pte Ltd (current)
3. Director of Blue Water Asia Pacific Group Ltd (BVI) (current)
4. Director of Blue Water O&G Pte Ltd (current)
5. Director of Palau Energy Pte Ltd (current)
6. Director of Idola Cakrawala International Pte Ltd (current)
7. Director of Java Petral Energy Pte Ltd (2012 to 2017, struck off in 2017)
8. Director of International Investments Technology Pte Ltd (appointed year 2015 and resigned year 2017)
9. Director of Nusantara Resources Pte Ltd (appointed and resigned in year 2015)
10. Director of GSS Energy (S) Limited, an SGX listed company (appointed and resigned in year 2015)
11. Director of Cepu Sakti Energy Pte Ltd (appointed year 2002 and resigned year 2015)
12. Director of Select Energy Pte Ltd (appointed and resigned in year 2014)
Present
Director of the following companies:
1. Blue Water Engineering Pte. Ltd. (since year 2000)
2. Blue Water Asia Pacific Group Ltd (BVI) (resigned 4 Dec 2012, re-appointed 6 Mar 2017)
3. Blue Water O&G Pte Ltd (since year 2015)
4. Idola Cakrawala International Pte Ltd (since year 2016)
5. White & Brown Holdings Pte Ltd (since year 2016)
6. Palau Energy Pte Ltd (resigned 16 May 2014, re-appointed 18 Apr 2016)
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Executive Director of GSS Energy (S) Limited, an SGX listed company from 1 March 2015 to 17 August 2015.