- Established in 1974
- Singapore - Korea - China - Malaysia - Vietnam
United Arab Emirates - Azerbaijan - United Kingdom
News| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 21, 2021 20:39 |
| Status | New |
| Announcement Sub Title | Cessation of Independent Non-Executive Director - Keith Ian Mullin |
| Announcement Reference | SG210421OTHR8HS0 |
| Submitted By (Co./ Ind. Name) | Kyle Arnold Shaw, Jr. |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Independent Non-Executive Director - Keith Ian Mullin |
| Additional Details | |
| Name Of Person | Keith Ian Mullin |
| Age | 62 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/06/2021 |
| Detailed Reason (s) for cessation | Mr. Keith Ian Mullin ("Mr Mullin") was appointed as an Independent Non-Executive Director of the Company on 11 March 2021. As announced by the Company on 21 April 2021, Mr Mullin will be appointed as the Chief Executive Officer ("CEO") of the Company with effect from 15 June 2021 and accordingly, will no longer be considered as independent for the purposes of the Listing Manual of the Singapore Exchange Securities Trading Limited ("Listing Manual") with the effect from the date of his appointment as the CEO of the Company on 15 June 2021. In order to ensure that the Company complies with the board composition requirements under the Listing Manual, Mr Mullin will step down as an Independent Non-Executive Director of the Company with effect from his date of appointment as the CEO of the Company, being 15 June 2021. |
| 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 | 11/03/2021 |
| 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) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director Member of Audit Committee Member of Nominating Committee Member of Remuneration Committee |
| Role and responsibilities | Non-Executive |
| 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? | No |
| Past (for the last 5 years) | Gulf Oil Marine Limited |
| Present | None |