NEPTUNE ORIENT LINES LTD. Change - Announcement of Cessation::Cessation of Appointment as Group President & Chief Executive Officer Issuer & Securities
Issuer/ Manager | NEPTUNE ORIENT LINES LIMITED |
Securities | NEPTUNE ORIENT LINES LIMITED - SG1F90001388 - N03 |
Stapled Security | No |
Announcement Details
Announcement Title | Change - Announcement of Cessation |
Date & Time of Broadcast | 14-Jun-2016 19:11:07 |
Status | New |
Announcement Sub Title | Cessation of Appointment as Group President & Chief Executive Officer |
Announcement Reference | SG 1606140THRV133 |
Submitted By (Co./ Ind. Name) | Looi Lee Hwa (Ms) & Wong Kim Wah (Ms) |
Designation | Company Secretaries |
Description (Please provide a detailed description of the event in the box below) | Cessation of Appointment as Group President & Chief Executive Officer |
Additional Details
Name Of Person | Ng Yat Chung |
Age | 54 |
Is effective date of cessation known? | Yes |
If yes, please provide the date | 14/06/2016 |
Detailed Reason (s) for cessation | Replaced by Mr Nicolas Sartini as Chief Executive Officer following the change of control of NOL pursuant to the Voluntary General Offer by CMA CGM S.A. Appointed as Special Adviser to Chairman of the NOL Board of Directors. |
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 | 01/10/2011 |
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 | 6 |
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director Member of NOL Executive Committee Member of NOL Approval Committee |
Role and responsibilities |
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Executive Director and Special Adviser to Chairman of the NOL Board of Directors | |
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
Shareholding interest in the listed issuer and its subsidiaries? | Yes |
Shareholding Details | 1,797,750 shares |
Past (for the last 5 years) | (1) APL Logistics Warehouse Management Services de Mexico, S.A. de C.V. (Mexico)
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Present |
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Change - Announcement of Cessation ::Cessation of Appointment as Group Chief Financial Officer Issuer & Securities
Issuer/ Manager | NEPTUNE ORIENT LINES LIMITED |
Securities | NEPTUNE ORIENT LINES LIMITED - SG1F90001388 - N03 |
Stapled Security | No |
Announcement Details
Announcement Title | Change - Announcement of Cessation |
Date & Time of Broadcast | 14-Jun-2016 19:12:16 |
Status | New |
Announcement Sub Title | Cessation of Appointment as Group Chief Financial Officer |
Announcement Reference | SG 1606140THRG2WM |
Submitted By (Co./ Ind. Name) | Looi Lee Hwa (Ms) & Wong Kim Wah (Ms) |
Designation | Company Secretaries |
Description (Please provide a detailed description of the event in the box below) | Cessation of Appointment as Group Chief Financial Officer |
Additional Details
Name Of Person | Cedric Foo Chee Keng |
Age | 55 |
Is effective date of cessation known? | Yes |
If yes, please provide the date | 14/06/2016 |
Detailed Reason (s) for cessation | Replaced by Mr Serge Corbel following the change of control of NOL pursuant to the Voluntary General Offer by CMA CGM S.A. |
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 | 01/01/2007 |
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 Cata list Rule 704 (6) over the past 12 months | 6 |
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Not Applicable |
Role and responsibilities | Not Applicable |
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Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | |
Shareholding interest in the listed issuer and its subsidiaries? | Yes |
Shareholding Details | 1,063,322 shares |
Past (for the last 5 years) | Nil |
Present |
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NOL - Neptune Orient Lines Limited published this content on 14 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 June 2016 12:04:03 UTC.
Original documenthttp://www.nol.com.sg/wps/wcm/connect/26b16147-094a-41b6-ac2c-6f9b463839ee/SGX+Announcement+Cessation+of+CEO+and+CFO.pdf?MOD=AJPERES&CACHEID=26b16147-094a-41b6-ac2c-6f9b463839ee
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