Change - Announcement of Appointment::RE-DESIGNATION OF DIRECTOR

Issuer & Securities

Issuer/ Manager
REX INTERNATIONAL HOLDING LIMITED
Securities
REX INTERNATIONAL HOLDING LTD - SG2G04994999 - 5WH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Jan-2015 18:11:07
Status
New
Announcement Sub Title
RE-DESIGNATION OF DIRECTOR
Announcement Reference
SG150115OTHR1RJC
Submitted By (Co./ Ind. Name)
Dan Brostrom
Designation
Executive Director and Chairman
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

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Rex International Holding Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 31 July 2013. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

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

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088.

Additional Details

Date Of Appointment
15/01/2015
Name Of Person
Karl Helge Tore Lidgren ("Dr Lidgren")
Age
67
Country Of Principal Residence
Sweden
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of the Company, having considered the recommendation of the Nominating Committee, and having assessed Dr Lidgren's qualification, experience and competencies, is of the view that he has the requisite experiences and capabilities to be re-designated as an Executive Director of the Company and has approved his re-designation.
Whether appointment is executive, and if so, the area of responsibility
Yes. Business Development
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non - Independent and Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Hans Lidgren, Dr Lidgren's brother, is a substantial shareholder of the Company.

Hans Lidgren holds 50% of the share capital of Limea Ltd, which in turn holds 80% of the share capital in Rex Partners Ltd. Rex Partners Ltd holds 100% of the share capital in Rex Commercial Ltd. Rex Commercial Ltd holds 556,921,960 shares (or approximately 44.1%) in the share capital of Rex International Holding Limited. Accordingly, Hans Lidgren is deemed interested in the 556,921,960 shares in the Company held by Rex Commercial Ltd.
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
2000 - Present: Independent investment professional
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Dr Lidgren holds 50% of the share capital of Limea Ltd., which in turn holds 80% of the share capital in Rex Partners Ltd. Rex Partners Ltd holds 100% of the share capital in Rex Commercial Ltd. Rex Commercial Ltd holds 556,921,960 shares (or approximately 44.1%) in the share capital of Rex International Holding Limited. Accordingly, Dr Lidgren is deemed interested in the 556,921,960 shares in the Company held by Rex Commercial 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)
April 2010 - May 2011: Dahan Petroleum Ltd, BVI, Non-Executive Director
Present
May 2013: Rex International Investments Pte. Ltd., Singapore, Non-Executive Director
May 2013: Rex International Holding Pte. Ltd., Singapore, Non-Executive Director
May 2013: Trace Atlantic Oil Ltd., British Virgin Islands, Non-Executive Director
March 2013: Rex South East Asia Ltd., British Virgin Islands, Non-Executive Director
February 2013: Rex Technology Management, Non-Executive Director
January 2013: Lime Petroleum Plc, Isle of Man, Non-Executive Director
September 2012: Rex International Holding Ltd., British Virgin Islands, Non-Executive Director
September 2012: Rex US Ltd., British Virgin Islands, Non-Executive Director
September 2012: Rex Starters Ltd., Non-Executive Director
September 2012: Rex Partners Ltd, Non-Executive Director
May 2012: Limea BVI, Non-Executive Director
September 2008: Rex Oil & Gas Ltd, BVI, Chairman & Non-Executive Director
(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?
Yes
If Yes, Please provide details of prior experience
1. Non-Executive Director of Rex International Holding Limited