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Change - Announcement Of Resignation Of Director
Dec 03, 2019
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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 3, 2019 17:55 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF DIRECTOR |
| Announcement Reference | SG191203OTHR9CUY |
| Submitted By (Co./ Ind. Name) | PANG YOKE MIN |
| Designation | EXECUTIVE CHAIRMAN |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Mok Weng Vai who is an Executive Director and Managing Director of Offshore Support Services Division of the Company. |
| Additional Details | |
| Name Of Person | Mok Weng Vai |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2019 |
| Detailed Reason (s) for cessation | Mok Weng Vai ("Mr Mok") has indicated that he is resigning from his position as an Executive Director and Managing Director of Offshore Support Services Division to pursue his personal interests. Mr Mok's resignation will not affect the day-to-day operations of the Group. Mr Mok remains in office until his resignation takes effect and will be working closely with the Board and senior management team to facilitate a smooth transition. |
| 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 | 06/07/2006 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Managing Director of Offshore Support Services Division |
| Role and responsibilities | - Responsible for Offshore Support Services Division, ensuring that the strategies are in line with the Group's main directions. - Responsible for the smooth operations of Technical & Electrical, Group QHSSE, Operations and Crewing departments and all are moving in line with the Group's strategies. - Responsible for all inputs into capital spending decisions on new investments, expansion of the fleet or divestment of assets. - Ensuring smooth operations and deployment of vessels to ensure seaworthiness and readiness. - Responsible for the full compliance of statutory and regulatory requirements such as class, ISPS codes, ISM Port Authority regulations, Maritime Laws and Regulations, procedures and policies applicable to both vessels operation and crew management. |
| 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 | Owns 46,911,256 shares in Pacific Radiance Ltd. and 48,000 rights over unissued shares. |
| Past (for the last 5 years) | Please see "Annexure A" as per attached. |
| Present | Alstonia Offshore Pte. Ltd. Consolidated Pipe Carriers Pte. Ltd. Crest Subsea International Pte. Ltd. CSI Offshore Pte. Ltd. Pacific Crest Pte. Ltd. Pacific Offshore Marine Pte. Ltd. Pacific Offshore Pte. Ltd. Strato Maritime Services Pte. Ltd. |
Attachments
- Annexure A (Size: 68,981 bytes)
