Change - Announcement of Appointment::APPOINTMENT OF DIRECTOR AND VICE PRESIDENT-FINANCE OF TRAVELODGE HOTELS (ASIA) PTE. LTD.

Issuer & Securities

Issuer/ Manager
ICP LTD.
Securities
ICP LTD - SG2G87000003 - 5I4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
04-Jul-2016 18:29:45
Status
New
Announcement Sub Title
APPOINTMENT OF DIRECTOR AND VICE PRESIDENT-FINANCE OF TRAVELODGE HOTELS (ASIA) PTE. LTD.
Announcement Reference
SG160704OTHR1828
Submitted By (Co./ Ind. Name)
AW CHEOK HUAT
Designation
NON-EXECUTIVE CHAIRMAN
Effective Date and Time of the event
04/07/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the SGX-ST.

The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or options made, or reports contained in this announcement.

The contact person for the Sponsor is:
Name: Mr. Lin Song, Registered Professional, RHT Capital Pte. Ltd.
Address: 9 Raffles Place #29-01, Republic Plaza Tower 1, Singapore 048619.
Tel: 6381 6757

Additional Details

Date Of Appointment
04/07/2016
Name Of Person
AW MING-YAO MARCUS
Age
30
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The confirmation of the appointment of Mr. Aw Ming-Yao Marcus as Director and Vice President - Finance of Travelodge Hotels (Asia) Pte. Ltd., a wholly-owned subsidiary of the Company, will be with effect from 4 July 2016 and he shall be regarded as key management member of the Group with immediate effect.

The Board of Directors, having reviewed the qualifications, work experience and suitability of Mr. Aw Ming-Yao Marcus, is satisfied that Mr. Aw possesses the requisite experience to carry out his duties as Director and Vice President - Finance of Travelodge Hotels (Asia) Pte. Ltd.
Whether appointment is executive, and if so, the area of responsibility
Executive. He is in-charge of business development in the Group's hospitality segment as well as the accounting and financial functions of Travelodge Hotels (Asia) Pte. Ltd.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and Vice President - Finance of Travelodge Hotels (Asia) Pte. Ltd.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of Mr. Aw Cheok Huat, the Chairman and Substantial shareholder of ICP Ltd.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
07/10 - 04/12: Goldman Sachs
Analyst, Corporate Finance

01/13 - 07/14: Everstone Capital
Associate, Private Equity

07/14 - Current: MS Corporate Finance Pte Ltd
Associate Director, Finance
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Nil
Present
July 2016
Director of Travelodge Hotels (Asia) Pte. Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Not Applicable