Change - Announcement of Cessation::Cessation of Executive Director - Low Beng Tin

Issuer & Securities

Issuer/ Manager
OEL (HOLDINGS) LIMITED
Securities
OEL (HOLDINGS) LIMITED - SG0584008601 - 584
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Oct-2016 17:32:28
Status
New
Announcement Sub Title
Cessation of Executive Director - Low Beng Tin
Announcement Reference
SG161018OTHRZTPO
Submitted By (Co./ Ind. Name)
Chang Ai Ling
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Executive Director

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined 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 details of the contact person for the Sponsor are:-

Name : Mr Tan Chong Huat (Registered Professional, RHT Capital Pte. Ltd.)
Address : Six Battery Road, #10-01, Singapore 049909
Tel : (65) 6381 6757

Additional Details

Name Of Person
Low Beng Tin
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
18/10/2016
Detailed Reason (s) for cessation
Mr Low Beng Tin has resigned as Executive Director to pursue other interest.
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
15/09/1984
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Executive.
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
Direct Interest: 4,769,754 shares
Deemed Interest: 28,000,000 shares registered in the name of a nominee, Bank of Singapore Nominees Pte Ltd
Past (for the last 5 years)
Please refer to Annexure 1.
Present
Please refer to Annexure 2.

Attachments

Annexure1_Directorship_Past.5.Years.pdf
Annexure2_Present_Directorship.pdf
Total size =41K