Change - Announcement of Cessation::Cessation of Chief Financial Officer
Issuer & Securities
MERMAID MARITIME PUBLIC CO LTD
MERMAID MARITIME PUBLIC CO LTD - TH0955010002 - DU4
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Chief Financial Officer
Submitted By (Co./ Ind. Name)
Ms. Rujiraporn Hengtrakool
Manager, Legal & Corporate Affairs Dept.
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Raza Ullah Khan, Chief Financial Officer
Name Of Person
Mr. Raza Ullah Khan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Due to internal restructuring of the Company in line with cost efficiencies, centralization and consolidation.
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?
If Yes, Please provide full details
Mr. Phiboon Buakhunngamcharoen, who has been with the Company's Finance and Accounting Department for the past 11 years, shall be acting Chief Financial Officer to provide continuity to the overall finance and accounting function of the Company until such time as another Chief Financial Officer is formally appointed.
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.)
Chief Financial Officer
Role and responsibilities
Responsible for the overall finance and accounting function of the Company.
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?
Past (for the last 5 years)
1. Mermaid Subsea Services LLC
2. Mermaid Subsea Services (Saudi Arabia) Co. Ltd.
Prior to or upon his cessation, Mr. Raza Ullah Khan will resign from his directorship of these subsidiaries.