Change - Announcement Of Cessation :: Cessation Of Executive Director

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Change - Announcement Of Cessation :: Cessation Of Executive Director

Announcement Title	Change - Announcement of Cessation
Announcement Subtitle	Cessation of Executive Director
Securities	TECHNICS OIL & GAS LIMITED (TECHO&G)
Date & Time of Broadcast	Apr 20, 2016 18:17
Submitted By	Tan Sri Nathan Elumalay Executive Chairman
Description	Cessation of Tan Kia Teck, Thomas as Executive Director
Cessation Details
Name of person	Tan Kia Teck, Thomas
Age	52
Is effective date of cessation known?	Yes
Effective date for cessation	Apr 20, 2016
Detailed reason(s) for cessation	Mr Thomas Tan steps down on his own accord so as to facilitate new change of Board.
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	Jan 28, 2014
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)	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	Executive Director
Role and responsibilities	Mr Thomas Tan is responsible for managing and developing existing business as well as identifying and securing new business opportunities of the Group.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries	NA
Shareholdings interest in the listed issuer and its subsidaries?	Yes
Shareholding Details	Mr Thomas Tan has direct and deemed interest of 160,000 and 70,000 ordinary shares respectively.
Other directorships
Past (for the last 5 years)	NIL
Present	NIL