Change - Announcement of Cessation::Resignation of Mr Eric Ang Teik Lim as an Independent Director

Issuer & Securities

Issuer/ Manager
SEMBCORP MARINE LTD
Securities
SEMBCORP MARINE LTD - SG1H97877952 - S51
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Mar-2022 06:53:27
Status
New
Announcement Sub Title
Resignation of Mr Eric Ang Teik Lim as an Independent Director
Announcement Reference
SG220329OTHRS6O5
Submitted By (Co./ Ind. Name)
Tan Yah Sze
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Eric Ang Teik Lim ("Mr Ang") as an Independent Director of Sembcorp Marine Ltd ("SCM")

Additional Details

Name Of Person
Eric Ang Teik Lim
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
20/04/2022
Detailed Reason (s) for cessation
Mr Ang will be completing his nine years of service on the SCM Board on 29 April 2022. As part of the board renewal process, he will step down as a Director of SCM with effect from the conclusion of the upcoming annual general meeting to be held on 20 April 2022.
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
30/04/2013
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)
6
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.)
Lead ID, ERCC Chairman, NC Chairman and BRC member
Role and responsibilities
He is a Non-executive and Independent Director.
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
Mr Ang holds 217,500 shares in SCM and his spouse holds 123,000 shares in SCM.
Other Directorships
Past (for the last 5 years)
- The Islamic Bank of Asia Limited
- Hwang Capital (Malaysia) Bhd
- NetLink Management Pte Ltd
- DBS Foundation Ltd
- Changi Airport Group (Singapore) Ltd
Present
- Raffles Medical Group Ltd
- Wing Tai Holdings Limited
- NetLink NBN Management Pte Ltd (Trustee of NetLink NBN Trust)
- Surbana Jurong Private Limited