Change - Announcement of Cessation::Cessation of Subsea Group Regional Director, Eastern Hemisphere

Issuer & Securities

Issuer/ Manager
MERMAID MARITIME PUBLIC CO LTD
Securities
MERMAID MARITIME PUBLIC CO LTD - TH0955010002 - DU4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Nov-2015 18:42:53
Status
New
Announcement Sub Title
Cessation of Subsea Group Regional Director, Eastern Hemisphere
Announcement Reference
SG151116OTHR0VBJ
Submitted By (Co./ Ind. Name)
Ms. Rujiraporn Hengtrakool
Designation
Manager, Legal & Corporate Affairs Dept.
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Peter Reichlmeier, Subsea Group Regional Director, Eastern Hemisphere

Additional Details

Name Of Person
Mr. Peter Reichlmeier
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
20/11/2015
Detailed Reason (s) for cessation
Due to internal restructuring.
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?
Yes
If Yes, Please provide full details
The Company acknowledges Mr. Peter Reichlmeier as one of the co-founders of Seascape Surveys Pte. Ltd. and PT Seascape Surveys Indonesia which were both incorporated in 2004 and 2005 respectively and acquired by the Company in 2008. During this time, he contributed to the growth of this subsea business unit and in particular its transition into a fully-fledged subsea inspection, repair and maintenance services unit of the Mermaid Group.
Date of Appointment to current position
07/08/2014
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Subsea Group Regional Director, Eastern Hemisphere
Role and responsibilities
To manage and oversee the day-to-day operations of the subsea services business of the Mermaid Group in the Asia Pacific region.
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
Mermaid Subsea Services (Thailand) Ltd.
Seascape Surveys Pte. Ltd.
PT Seascape Surveys Indonesia

The above-mentioned list of directorships is only relevant to the Mermaid Group and upon his cessation, Mr. Reichlmeier will resign from his directorship of these subsidiaries.