Mercator Lines Singapore : Change - Announcement Of Cessation :: Change - Announcement Of Cessation

Announcement Title	Change - Announcement of Cessation
Announcement Subtitle	Change - Announcement of Cessation
Securities	MERCATOR LINES (SINGAPORE) LTD (MERCATOR)
Date & Time of Broadcast	Jan 18, 2016 20:23
Submitted By	Yit Chee Wah Judicial Manager
Description	Resignation as Chairman and Non-Executive Director
Cessation Details
Name of person	Harish Kumar Mittal
Age	65
Is effective date of cessation known?	Yes
Effective date for cessation	Jan 18, 2016
Detailed reason(s) for cessation	Personal reason
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	Oct 25, 2007
Does the AC have a minimum of 3 members (taking into account this cessation)?	No
Number of independent directors currently resident in Singapore (taking this account this cessation)	0
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months	5
Job Title	Chairman and Non-executive director Member, Compensation 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 subsidaries	Immediate family member of the MD and CEO
Shareholdings interest in the listed issuer and its subsidaries?	Yes
Shareholding Details	Mr Mittal is deemed to have an interest in all shares in Mercator International Pte Ltd ('MIPL') held by Mercator Limited and in all shares in the Company held by MIPL
Other directorships
Past (for the last 5 years)	Mercator Limited Mercator Offshore Ltd AHM Invesstments Private Limited Mercator Oil & Gas Ltd Ankur Fertilizers Pvt. Ltd. Vaitarna Marine Infrastructure Pvt. Ltd. Mercator Petroleum Ltd Mercator FPSO Private Limited Blue Lines Shipping Pte Ltd
Present	Mercator Limited Mercator Oil & Gas Limited Mercator Petroleum Limited Mercator FPSO Private Limited AHM Investment Private Limited Vaitarna Marine Infrastructure Ltd Ankur Fertilizer Private Limited HK Sons Realtors Private Limited Premputli Realtors Private Limited Sisouli Realtors Private Limited MAC Maritime Training and Research Institute