Change - Announcement of Cessation::Resignation of Captain Larry Glenn Johnson as Director
Issuer & Securities
AUSGROUP LIMITED - SG1R38924838 - 5GJ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Captain Larry Glenn Johnson as Director
Submitted By (Co./ Ind. Name)
Gerard Patrick Hutchinson
Effective Date and Time of the event
Description (Please provide a detailed description of the event in the box below)
Resignation of Captain Larry Glenn Johnson as a Director
Name Of Person
Larry Glenn Johnson
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Captain Johnson agreed to join the Board to help insure a smooth transition resulting from the Purchase of Teras Australia, Top End Marine Supply Base and Ezion Offshore Logistics Hub (TIWI) from Ezion Holdings Pty Ltd where he was engaged in the establishment of these businesses. The transition is completed and Captain Johnson has also completed the regulatory approvals process for Port Melville. He will devote his time toward marketing and growing these businesses. This will require significant travel.
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 - 20/5/14
Executive director - 7/11/14
Member of health, safety & sustainability committee - 14/11/14
Role and responsibilities
Those relating to director and chief executive officer - port and marine service.
For the avoidance of doubt, Captain Larry remains the chief executive officer - port and marine services.
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?
15,000,000 options in respect of shares in the Company
Past (for the last 5 years)
Teras Seaprojects Pte. Ltd.
Teras Cargo Transport Pte. Ltd.
Teras Conquest 4 Pte. Ltd.
Omsa Ningaui Pte. Ltd.
Teras Sunrise Pte. Ltd.
Teras Investments Pte. Ltd.
Teras Oranda Pte. Ltd.
Atlantic Tiburon 2 Pte. Ltd.
Atlantic Tiburon 1 Pte. Ltd.
Atlantic London Pte. Ltd.
Atlantic Amsterdam Pte. Ltd.
Teras Pneuma Pte. Ltd.
Atlantic Tiburon 3 Pte. Ltd.
Teras 375 Pte. Ltd.
Teras Conquest 6 Pte. Ltd.
Teras Offshore Pte. Ltd.
Ezion Offshore Logistics Hub Pte. Ltd.
Teras Conquest 5 Pte. Ltd.
Teras Pegasus Pte. Ltd.
Teras Wallaby Pte. Ltd.
Teras Progress Pte. Ltd.
Teras Genesis Pte. Ltd.
Ezion Maritime Pte. Ltd.
Teras Conquest 3 Pte. Ltd.
Teras Pacific Pte. Ltd.
Teras Atlantic Pte. Ltd.
Ezion Investments Pte. Ltd.
Meridian Maritime Pte. Ltd.
Ezion Holdings Limited
Teras Maritime Pty Ltd
Aboriginal Maritime Pty Ltd
Indigenous Marine Logistics Pty Ltd
Ezion Offshore Logistics Hub (Tiwi) Pty Ltd
Ezion Offshore Logistics Hub (Exmouth) Pty Ltd
Teras Australia Pty Ltd
Aboriginal Marine Labour (AML)