Change - Announcement Of Cessation As Company Secretary
01 March 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 1, 2017 0:05 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation as Company Secretary |
| Announcement Reference | SG170301OTHRM9O6 |
| Submitted By (Co./ Ind. Name) | Mr. Wuthichai Chongcharoenrungrot |
| Designation | Senior Manager, Legal and Corporate Affairs |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Cessation as Company Secretary |
| Additional Details | |
| Name Of Person | Dr. Vincent Siaw |
| Age | 42 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/02/2017 |
| Detailed Reason (s) for cessation | On 9 August 2016, Dr. Vincent Siaw was appointed Executive Vice President and Chief Operating Officer of the Mermaid Group. He therefore relinquishes the role of Company Secretary in line with the succession plan 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? | Yes |
| If Yes, Please provide full details | The Company acknowledges and appreciates Dr. Vincent Siaw's longstanding contribution in maintaining the corporate secretarial functions of the Group in good standing since 1 June 2005 among his various other key roles and responsibilities in the Mermaid Group. |
| Date of Appointment to current position | 01/06/2005 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 8 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Company Secretary |
| Role and responsibilities | Responsible for the corporate secretarial affairs of the Group. |
| 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 | 500 ordinary shares |
| Past (for the last 5 years) | Seascape Surveys (Thailand) Ltd. MTR-2 (Singapore) Pte. Ltd. Mermaid MTN Pte. Ltd. |
| Present | Mermaid Subsea Services (Thailand) Ltd. Seascape Surveys Pte. Ltd. Mermaid Subsea Services (International) Ltd. Mermaid Subsea Services LLC Mermaid Offshore Services Pte. Ltd. Mermaid Drilling Ltd. Mermaid Drilling (Singapore) Pte. Ltd. Mermaid Drilling (Malaysia) Sdn. Bhd. MTR-1 Ltd. MTR-2 Ltd. MTR-1 (Singapore) Pte. Ltd. MTR-3 (Singapore) Pte. Ltd. MTR-4 (Singapore) Pte. Ltd. Mermaid Maritime Mauritius Ltd. Mermaid International Ventures |