Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
VIKING OFFSHORE AND MARINE LIMITED
Securities
VIKING OFFSHORE AND MA W180425 - SG9QC9991390 - 5VOW
VIKING OFFSHORE AND MARINE LTD - SG1J35888424 - 557
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2016 17:51:30
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG160426OTHRZ6FK
Submitted By (Co./ Ind. Name)
Low Jooi Kok
Designation
6601 9538
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, CIMB Bank Berhad, Singapore Branch (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Tony Toh, Director, Investment Banking. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

Additional Details

Name Of Person
Ong Choo Guan
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2016
Detailed Reason (s) for cessation
As a result of a recent group reorganisation exercise, Mr Ong, who was due for retirement at the AGM of the Company, did not seek for re-election at the AGM and is stepping down as Chief Executive Officer ("CEO") concurrent with his retirement as a Director of the Company. (Please refer to announcement made on 18 March 2016 for further details).
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
16/04/2010
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer ("CEO")
Role and responsibilities
Responsible for the overall business operations of the Group as the CEO.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
26,130,000 ordinary shares, 2,635,892 options pursuant to the Viking Offshore and Marine Limited Share Option Scheme and 4,180,000 warrants in the listed issuer
Past (for the last 5 years)
Marshal Systems Private Limited
Viking Facilities Management & Operations Pte Ltd
Viking Offshore Global Pte Ltd
Present
Viking Airtech Pte Ltd
Promoter Hydraulics Pte Ltd
Viking HVAC Pte Ltd
Marshal Systems Private Limited
Viking Facilities Management & Operations Pte Ltd
Viking Offshore Global Pte Ltd