Technics Oil & Gas : Change - Announcement Of Cessation :: Cessation Of Lead Independent Director

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Change - Announcement Of Cessation :: Cessation Of Lead Independent Director

Announcement Title	Change - Announcement of Cessation
Announcement Subtitle	Cessation of Lead Independent Director
Securities	TECHNICS OIL & GAS LIMITED (TECHO&G)
Date & Time of Broadcast	Apr 6, 2016 17:49
Submitted By	Tan Sri Nathan Elumalay Executive Chairman
Description	Cessation of Ong Siew Peng as Lead Independent Director, Chairman of Audit Committee and Member of the Nominating Committee and Remuneration Committee.
Cessation Details
Name of person	Ong Siew Peng
Age	67
Is effective date of cessation known?	Yes
Effective date for cessation	Apr 5, 2016
Detailed reason(s) for cessation	Personal reason to pursue other interests.
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	Feb 21, 2003
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)	1
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months	6
Job Title	Lead Independent Director, AC Chairman and Member of the Nominating Committee and Remuneration Committee.
Role and responsibilities	Role & responsibility of an Independent Director, AC Chairman and Member of the Nominating Committee and Remuneration Committee.
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	175,000 ordinary shares
Other directorships
Past (for the last 5 years)	NIL
Present	Norr Offshore Group Limited Perfex International Pte Ltd Technics Oil & Gas Limited NH Ceramics Ltd Powersource International Pte Ltd