Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
KS ENERGY LIMITED
Securities
KS ENERGY LIMITED - SG1G91873040 - 578

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2014 17:40:41
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG140429OTHRY69B
Submitted By (Co./ Ind. Name)
Busarakham Kohsikaporn
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF DIRECTOR

Additional Details

Name Of Person
Ernest Seow Teng Peng
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2014
Detailed Reason (s) for cessation
Retirement of Mr Ernest Seow Teng Peng who does not wish to seek re-election pursuant to Article 97 of the Company's Articles of Association at the conclusion of the Annual General Meeting held on 29 April 2014.

Mr Seow will be appointed as special advisor to the KS Energy Group and may no longer be considered independent for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
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
01/06/2013
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and a member of the Audit & Risk Management Committee ("ARMC")
Role and responsibilities
Board Member and Member of the ARMC
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?
No
Other Directorships
Past (for the last 5 years)
Please refer to Appendix A.
Present
Please refer to Appendix A.

Attachments

Appendix A.pdf
Total size =14K