Change - Announcement of Cessation::Announcement of Cessation - CEO & MD

Issuer & Securities

Issuer/ Manager
LINC ENERGY LTD
Securities
LINC ENERGY LTD - AU000XINEAA6 - BRE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2016 17:58:37
Status
New
Announcement Sub Title
Announcement of Cessation - CEO & MD
Announcement Reference
SG160422OTHRNQYG
Submitted By (Co./ Ind. Name)
Janelle van de Velde
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation - CEO & MD

Additional Details

Name Of Person
Craig Ricato
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
22/04/2016
Detailed Reason (s) for cessation
Due to the current restructuring process being undertaken by the company under Voluntary Administration, Mr Ricato has decided to resign as Managing Director & CEO. Mr Ricato will continue to provide assistance to the Administrators during the Voluntary Administration on a contractual basis, after which he intends to pursue other business opportunities.
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
01/10/2014
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director & CEO
Role and responsibilities
As The Managing Director & CEO, Mr Ricato Was Responsible For The Implementation Of The Board Approved Strategic Plan And Budget.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
166,760 post recent 1 for 6 share consolidation
Past (for the last 5 years)
PanTerra Gold Ltd
Present
Nil