Change - Announcement of Appointment::Mihir Taparia - Independent Director

Issuer & Securities

Issuer/ Manager
SKY ONE HOLDINGS LIMITED
Securities
SKY ONE HOLDINGS LIMITED - SG1W50939246 - 5MM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-Nov-2014 02:24:00
Status
New
Announcement Sub Title
Mihir Taparia - Independent Director
Announcement Reference
SG141113OTHRWGKV
Submitted By (Co./ Ind. Name)
Agus Sugiono
Designation
Executive Chairman and Chief Executive Officer
Effective Date and Time of the event
12/11/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Mihir Taparia as the Independent Director of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Alex Tan, Chief Executive Officer, Canaccord Genuity Singapore Pte. Ltd., 77 Robinson Road, #21-02 Singapore 068896, telephone (65) 6854 6150.

Additional Details

Date Of Appointment
12/11/2014
Name Of Person
Mihir Taparia
Age
59
Country Of Principal Residence
Indonesia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Change in Board composition of the Company pursuant to the completion of the acquisition of Energy Prima Pte. Ltd. by the Company. The rationale and qualifications of Mihir Taparia have been disclosed in a circular to shareholders dated 30 September 2014 and his appointment had been approved by shareholders at an Extraordinary General Meeting of the Company on 27 October 2014.
Whether appointment is executive, and if so, the area of responsibility
Mr Mihir Taparia is not an executive. He is the Company's Independent Director.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent 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
From 1996 to 2012, Mihir Taparia held several senior management roles at PT Trans-Pacific Petrochemical Indotama ("TPPI") including chief financial officer and managing director. TPPI is a petrochemical/refining company with over
600 employees and he was responsible for corporate development of the company, fund raising and corporate restructuring. Mihir Taparia is currently the managing director of Java Energy Resources (Pte.) Limited, a company involved in raising funds from strategic and private equity investors for the acquisition of certain Indonesia based assets. He holds a Bachelor of Science (Hons) degree from the Birla Institute of Technology & Science. He is also a Chartered Accountant with the Institute of Chartered Accountants in England and Wales as well as a Chartered Accountant with the Institute of Chartered Accountants in Alberta, Canada.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
# 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)
Please see Appendix 1 attached to this announcement.
Present
Please see Appendix 1 attached to this announcement.
(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
Yes
If Yes, Please provide full details
Please see Appendix 2 attached to this announcement.
(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
Disclosure applicable to the appointment of Director only.
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
Attended the relevant courses offered by the Singapore Institute of Directors (or other appropriate institution) to familiarise himself with his roles and responsibilities as a director of the Company.

Attachments

Appointment_MT_App1.pdf
Appointment_MT_App2.pdf
Total size =29K