Change - Announcement of Cessation::Retirement of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
PACC OFFSHORE SERVICES HOLDINGS LTD.
Securities
PACC OFFSHORE SVCS HLDG LTD. - SG2G83000007 - U6C
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Apr-2019 17:31:54
Status
New
Announcement Sub Title
Retirement of Chief Executive Officer
Announcement Reference
SG190408OTHR9PI9
Submitted By (Co./ Ind. Name)
Lim Ka Bee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Chief Executive Officer

Additional Details

Name Of Person
Seow Kang Hoe, Gerald
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
01/05/2019
Detailed Reason (s) for cessation
Retirement from Chief Executive Officer position. Mr. Seow remains as a Non-Executive Director of the Company.
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
28/03/2014
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
Role and responsibilities
As Chief Executive Officer, Mr. Seow is responsible for overseeing day-to-day operations for the Group to grow the Group's business and drive performance measurement in all operational aspects.
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
8,756,043 ordinary shares
2,841,400 share awards
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix B

Attachments