Change - Announcement Of Cessation Of Subsea Group Regional Director, Eastern Hemisphere
16 November 2015
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Subsea Group Regional Director, Eastern Hemisphere |
| Securities | MERMAID MARITIME PUBLIC CO LTD (MERMAID) |
| Date & Time of Broadcast | Nov 16, 2015 18:42 |
| Submitted By | Ms. Rujiraporn Hengtrakool Manager, Legal & Corporate Affairs Dept. |
| Description | Cessation of Mr. Peter Reichlmeier, Subsea Group Regional Director, Eastern Hemisphere |
| Cessation Details | |
| Name of person | Mr. Peter Reichlmeier |
| Age | 51 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Nov 20, 2015 |
| Detailed reason(s) for cessation | Due to internal restructuring. |
| 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 Mr. Peter Reichlmeier as one of the co-founders of Seascape Surveys Pte. Ltd. and PT Seascape Surveys Indonesia which were both incorporated in 2004 and 2005 respectively and acquired by the Company in 2008. During this time, he contributed to the growth of this subsea business unit and in particular its transition into a fully-fledged subsea inspection, repair and maintenance services unit of the Mermaid Group. |
| Date of appointment to current position | Aug 7, 2014 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | 1 |
| Job Title | Subsea Group Regional Director, Eastern Hemisphere |
| Role and responsibilities | To manage and oversee the day-to-day operations of the subsea services business of the Mermaid Group in the Asia Pacific region. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None. |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | None. |
| Present | Mermaid Subsea Services (Thailand) Ltd. Seascape Surveys Pte. Ltd. PT Seascape Surveys Indonesia The above-mentioned list of directorships is only relevant to the Mermaid Group and upon his cessation, Mr. Reichlmeier will resign from his directorship of these subsidiaries. |