Change - Announcement of Cessation::Resignation as an Executive Director and Vice Chairman - Francis Wong

Issuer & Securities

Issuer/ Manager
SWIBER HOLDINGS LIMITED
Securities
SWIBER HOLDINGS LIMITED - SG1BI1000006 - BGK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jul-2016 01:33:16
Status
New
Announcement Sub Title
Resignation as an Executive Director and Vice Chairman - Francis Wong
Announcement Reference
SG160728OTHR7P11
Submitted By (Co./ Ind. Name)
Raymond Kim Goh
Designation
Chairman
Description (Please provide a detailed description of the event in the box below)
Please refer to details below.

Additional Details

Name Of Person
Francis Wong Chin Sing
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
27/07/2016
Detailed Reason (s) for cessation
To seek new opportunities and pursue personal 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
29/11/2005
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Vice Chairman
Role and responsibilities
Tasked to spearhead the Group's growth opportunity in new areas of business.
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
Direct interest -166,666 ordinary shares in the Company (0.04%).
Share Option - 1,500,000 share options granted under the Scheme of the Company.
Past (for the last 5 years)
1. ALAM SWIBER DLB 1 (L) INC
2. ALAM SWIBER OFFSHORE (M) SDN BHD
3. EQUATORIALE INTERNATIONAL PTE. LTD.
4. EQUATORIALE SERVICES PTE. LTD.
5. HOLMEN ATLANTIC PTE. LTD.
6. HOLMEN PACIFIC PTE. LTD.
7. BITACHON LIMITED
8. KREUZ HOLDINGS LIMITED
9. KREUZ SUBSEA (B) SDN BHD
10. KREUZ SUBSEA MARINE PTE. LTD.
11. KREUZ SUBSEA PTE. LTD.
12. KSS ENGINEERING LTD
13. NEWCRUZ INTERNATIONAL PTE. LTD.
14. SOUTHSEA MARINE PTE. LTD.
15. SWIBER CAPITAL PTE. LTD.
16. NEWCRUZ SHIPBUILDING & ENGINEERING PTE. LTD.
17. PAPE ENGINEERING PTE. LTD.
18. SWIBER ENGINEERING LTD.
19. SWIBER MARINE PTE. LTD.
20. SWIBER OFFSHORE CONSTRUCTION PTE. LTD.
21. PTSB HOLDINGS PTE. LTD.
22. LACHMAN VENTURES LIMITED
23. QUETZAL OFFSHORE PTE. LTD.
Present
1. 3T HYPERMIZER PTE. LTD.
2. ACS MARINE OFFSHORE SPRL
3. BIO ENVIROPLUS PTE. LTD.
4. DELTATEK OFFSHORE LTD
5. MEADSEA SERVICES B.V.
6. GENESIS EQUITY (SA) PTY LTD
7. GENESIS EQUITY MANAGEMENT (SA) PTY LTD
8. RAWABI SWIBER OFFSHORE MARINE PTE. LTD.
9. RAWABI VALLIANZ OFFSHORE SERVICES CO. LTD.
10. RAWABI SWIBER OFFSHORE SERVICES LIMITED
11. SWIBER CORPORATE PTE. LTD.
12. SWIBER INTERNATIONAL PTE. LTD.
13. SWIBER MARINE (B) SDN BHD
14. SWIBER OFFSHORE MARINE PTE. LTD.
15. HIS FINANCE LTD.
16. HIS REICH PTE. LTD.
17. NEWSHIRE CAPITAL LIMITED
18. RAWABI INVESTMENTS LTD
19. RAWABI PTE. LIMITED
20. UNITED SAFETY HOLDINGS PTE LIMITED