Change - Announcement of Cessation::Re-designation of Executive Director to Non-Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
AUSGROUP LIMITED
Securities
AUSGROUP LIMITED - SG1R38924838 - 5GJ
AUSGROUP S$110M 5% N221203 - SG6TF6000008 - 18WB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jun-2019 18:15:00
Status
New
Announcement Sub Title
Re-designation of Executive Director to Non-Independent and Non-Executive Director
Announcement Reference
SG190628OTHRSSV6
Submitted By (Co./ Ind. Name)
Kenneth Leong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Executive Director to Non-Independent and Non-Executive Director.

Additional Details

Name Of Person
Eng Chiaw Koon
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2019
Detailed Reason (s) for cessation
Following the completion of the restructuring and the recapitalisation of AusGroup Limited, and with the appointment of Mr. Shane Francis Kimpton as the Managing Director and Chief Executive Officer of AusGroup Limited, Mr. Eng Chiaw Koon would be re-designated to Non-Independent and Non-Executive Director.
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?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
10/07/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr Eng is responsible for strategic planning, overall day-to-day management and operation of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
AusGroup Singapore Pte. Ltd.

Modern Access Services Singapore Pte. Ltd.

Ezion Offshore Logistics Hub Pte. Ltd.

Teras Global Pte. Ltd.

Teras Australia Pty Ltd

NT Port and Marine Pty Ltd

IML Australia Pty Ltd

Ezion Offshore Logistics Hub (Exmouth) Pty Ltd