Change - Announcement of Cessation::Cessation of Executive Diretor, Mermaid Drilling
Issuer & Securities
MERMAID MARITIME PUBLIC CO LTD
MERMAID MARITIME PUBLIC CO LTD - TH0955010002 - DU4
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Diretor, Mermaid Drilling
Submitted By (Co./ Ind. Name)
Ms. Rujiraporn Hengtrakool
Assistant Manager, Legal & Corporate Affairs Dept.
Description (Please provide a detailed description of the event in the box below)
Please see below.
Name Of Person
Mr. Stephen Gregor Lenz
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Resignation due to serious health condition.
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
The Company would like to record its appreciation to Mr. Lenz, who has been served as the Executive Director of the Company's offshore tender rig business during 2008 - 2011 and from 2012 till present. We thank him for his contributions and insights and wish him well.
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, Mermaid Drilling
Role and responsibilities
Mr. Lenz was responsible to manage and provide leadership to the offshore tender rig business of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
40,179 shares in the Company as at 5 February 2014.
Past (for the last 5 years)
Kencana Mermaid Drilling Sdn. Bhd., Mermaid Kencana Rig 1 Pte. Ltd., Mermaid Kencana Rigs (Labuan) Pte. Ltd., Asia Offshore Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited, Asia Offshore Rig 3 Limited, Asia Offshore Drilling Pte. Ltd.
Mermaid Drilling Limited, MTR-1 Limited, MTR-2 Limited, Mermaid Drilling (Malaysia) Sdn. Bhd., Mermaid Drilling (Singapore) Pte. Ltd., MTR-1 (Singapore) Pte. Ltd., MTR-2 (Singapore) Pte. Ltd., MTR-3 (Singapore) Pte. Ltd., Atwell Oilfield Solutions Pty. Ltd.