Change - Announcement of Cessation::Cessation of Executive Director and Group Managing Director
Issuer & Securities
TECHNICS OIL & GAS LIMITED
TECHNICS OIL & GAS LIMITED - SG1N85910015 - 5CQ
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Director and Group Managing Director
Submitted By (Co./ Ind. Name)
Tay Mian Cheo
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ting Tiong Ching as Executive Director and Group Managing Director
Name Of Person
Ting Tiong Ching
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Ting Tiong Ching resigned due to personal reason.
Referring to the date of appointment of Mr Ting Tiong Ching to current position, Mr Ting Tiong Ching was appointed as a Director of the Company on 02/01/2008 and as a Managing Director on 28/01/2014.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
Mr Ting Tiong Ching has tendered his resignation on 16 March 2016 and his last day of service is 15 June 2016.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Group Managing Director
Role and responsibilities
As Group Managing Director, Mr Ting Tiong Ching bears the overall daily operational responsibility for the Group's business.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Ting Tiong Ching is the son of substantial shareholder, Mr Ting Yew Sue.
Shareholding interest in the listed issuer and its subsidiaries?
Mr Ting Tiong Ching has direct interest of 128,000 ordinary shares.
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