Change - Announcement of Cessation::Cessation as Executive Director and Chief Operating Officer

Issuer & Securities

Issuer/ Manager
EZION HOLDINGS LIMITED
Securities
EZION HOLDINGS LIMITED - SG1W38939029 - 5ME
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Nov-2014 19:34:57
Status
New
Announcement Sub Title
Cessation as Executive Director and Chief Operating Officer
Announcement Reference
SG141107OTHR3RG6
Submitted By (Co./ Ind. Name)
Lim Ka Bee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation as Executive Director and Chief Operating Officer

Additional Details

Name Of Person
Larry Glenn Johnson
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
07/11/2014
Detailed Reason (s) for cessation
Captain Johnson has taken up an appointment as an Executive Director of AusGroup Limited ("AusGroup") following the completion of the sale of Ezion Offshore Logistics Hub Pte Ltd and Teras Australia Pty Ltd to AusGroup. Captain Johnson, in view of his abovementioned appointment, is stepping down as an Executive Director and Chief Operating Officer of the Company in order to devote more time to his new areas of responsibility in AusGroup.
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
13/02/2008
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director / Chief Operating Officer
Role and responsibilities
Board member / manage the overall operations of the Company
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
8,380,800 ordinary shares of the Company and 2,251,200 options under the Company's Employee Share Option Scheme
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix A

Attachments

Appendix A.pdf
Total size =32K