Change - Announcement of Cessation::Cessation of Executive Director and Group Managing Director

Issuer & Securities

Issuer/ Manager
TECHNICS OIL & GAS LIMITED
Securities
TECHNICS OIL & GAS LIMITED - SG1N85910015 - 5CQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Apr-2016 17:52:22
Status
New
Announcement Sub Title
Cessation of Executive Director and Group Managing Director
Announcement Reference
SG160401OTHRBXY2
Submitted By (Co./ Ind. Name)
Tay Mian Cheo
Designation
Executive Director
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

Additional Details

Name Of Person
Ting Tiong Ching
Age
40
Is effective date of cessation known?
Yes
If yes, please provide the date
15/06/2016
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?
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?
Yes
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
28/01/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
5
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?
Yes
Shareholding Details
Mr Ting Tiong Ching has direct interest of 128,000 ordinary shares.
Past (for the last 5 years)
Technics Engineering Australia Pty Ltd
Flinders Practice Pte Ltd - dissolved
Hyperbaric And Occupational Medicine Pte Ltd - dissolved
ALT Offshore Asia Pte Ltd - dissolved
Present
Technics Systems Solutions Pte. Ltd.
Technics Oil & Gas Limited
PT Technics Offshore Jaya
M2E Corporation Limited
Technics Steel Pte Ltd
Rigging & Marine Services Pte Ltd
Marinelift Testing & Supply Pte Ltd
Technics Offshore Engineering Pte Ltd
Petro Process System Pte Ltd