Change - Announcement of Appointment::Change - Announcement of Appointment

Issuer & Securities

Issuer/ Manager
KRISENERGY LTD.
Securities
KRISENERGY LTD. - KYG532261099 - SK3
KRISENERGY S$200M2%N230822 - SG77J3000002 - 66WB
KRISENERGYS$130M2%220609 - SG77J4000001 - 66XB
KRISENERGY S$139.464MZ240131 - SG31B6000003 - CDVZ
KRISENERGY LTD. W240131 - KYG532261255 - CDXW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
09-Nov-2017 20:22:53
Status
New
Announcement Sub Title
Change - Announcement of Appointment
Announcement Reference
SG171109OTHR3M6A
Submitted By (Co./ Ind. Name)
Sally Ting
Designation
General Counsel
Effective Date and Time of the event
09/11/2017 17:30:00
Description (Please provide a detailed description of the event in the box below)
Change - Announcement of Appointment - Kiran Raj

Additional Details

Date Of Appointment
09/11/2017
Name Of Person
Kiran Raj
Age
45
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board selection criteria was focused on (a) senior oil and gas executive (b) experienced in managing development projects and corporate capitalisation (c) familiarity with Asian fiscal regimes and (d) deep understanding of the business, financials, management of the Company and its stakeholders. The Board has reviewed the qualifications and experience of Mr Raj and is of the view that based on his experience and familiarity with the Company, he will be able to contribute positively to the Company.
Whether appointment is executive, and if so, the area of responsibility
Alternate Director to Kelvin Tang Chih Hao (Executive Director)
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer and Alternate Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
Mr Raj joined KrisEnergy in 2013 and is a qualified Chartered Accountant with the Chartered Accountants Australia and New Zealand. He has more than 18 years of investment banking and oil and gas experience in the Asia-Pacific region.
Mr Raj started his career as a business analyst for a mid-sized Australian aerospace firm from 1994 until 1996. From 1996 until 2000, he was an integral senior member of the Corporate and Business Services division of international chartered accounting firm ShineWing Australia, formerly Moore Stephens Melbourne. Mr Raj moved to Singapore in 2000 and joined CLSA Merchant Bankers Limited (CLSA) where he led the Southeast Asian investment banking execution business, including the initial public offering of Pearl Energy Ltd on the Singapore Exchange. At CLSA, Mr Raj was the Director of Investment Banking and a member of the board of directors for CLSA Merchant Bankers Limited, an entity regulated by the Monetary Authority of Singapore.
In 2009, Mr Raj founded, and was Chief Executive Officer for Brighton Capital Advisors, a corporate finance and advisory firm established in Singapore with a primary focus on the oil and gas sector. He has developed expertise within the oil and gas sector and has advised numerous independent and internationally recognised upstream companies throughout his career. Mr Raj holds a Bachelor of Commerce majoring in Accounting and Finance from Monash University, Australia.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct shareholding of 748,365 ordinary shares in KrisEnergy Ltd and deemed interested in up to 1,297,616 performance share awards which, if vested when certain performance conditions have been satisfied, will be issued as ordinary shares in the capital of KrisEnergy Ltd.
1 share in KrisEnergy Oil and Gas (Thailand) Ltd
1 share in KrisEnergy Resources (Thailand) Ltd
1 share in KrisEnergy G10 (Thailand) Ltd
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
KrisEnergy Management Ltd; KrisEnergy G10 (Thailand) Ltd
Present
KrisEnergy Ltd; B Block Ltd; KrisEnergy (Apsara) Ltd; KrisEnergy (Asia) Ltd; KrisEnergy (Cambodia) Holding Ltd; KrisEnergy (East Muriah) Ltd; KrisEnergy (Gulf of Thailand) Ltd; KrisEnergy (Phu Khanh 120) Ltd; KrisEnergy (Vietnam 115) Ltd; KrisEnergy (Satria) Ltd; KrisEnergy (Song Hong 105) Ltd; KrisEnergy Holding Company Ltd; KrisEnergy International (Thailand) Holdings Ltd; KrisEnergy Management Ltd; KrisEnergy (Management Services) Ltd; KrisEnergy Pte Ltd; KrisEnergy Marine Pte Ltd; SJ Production Barge Ltd; KrisEnergy (Bangladesh) SS-11 Ltd; KrisEnergy Asia Cooperatief UA; KrisEnergy Asia Holdings BV; KrisEnergy Netherlands Pte Ltd; KrisEnergy Glagah Kambuna BV; KrisEnergy (Marine) BV; KrisEnergy Kutai BV; KrisEnergy Kutei BV; KrisEnergy (Andaman II) BV; KrisEnergy East Seruway BV; KrisEnergy (Bala Balakang) BV; KrisEnergy (Andaman Timur) BV; KrisEnergy (Ampuh) BV; KrisEnergy (Nemo) BV; KrisEnergy (Sakti) BV; KrisEnergy (Udan Emas) BV; KrisEnergy Bangladesh Ltd; KrisEnergy (Block A Aceh) BV; Nong Yao G11 (Thailand) Ltd
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Trainings on Directors Duties and Liabilities for SGX-Listed companies and corporate governance conducted by Allen & Gledhill LLP
Trainings on Continuing Listing Obligations conducted by Clifford Chance LLP
Corporate Governance discussion on building and protecting value in KrisEnergy conducted by ValueAlpha Company Limited