OCEANUS GROUP LIMITED
Change - Announcement of Cessation::Resignation of Non-Independent Non-Executive Director
Issuer & Securities
Issuer/ ManagerOCEANUS GROUP LIMITEDSecuritiesOCEANUS GROUP LIMITED - SG1M80907371 - 579
Stapled SecurityNo
Announcement Details
Stapled SecurityNo
Announcement Title Change - Announcement of CessationDate &Time of Broadcast 15-Dec-2021 17:17:57Status NewAnnouncement Sub TitleResignation of Non-Independent Non-Executive DirectorAnnouncement ReferenceSG211215OTHR4N9ASubmitted By (Co./ Ind. Name)Peter Koh Heng KangDesignationExecutive Director and CEODescription (Please provide a detailed description of the event in the box below)Mr Eugen Chua will be replaced by Mr Cleveland Cuaca as the representative of Alacrity Investment Group Limited on the board of Oceanus Group Limited, to allow him to focus on his role as Chief Investment Officer of CFAM Pte. Ltd.
Mr Cleveland Cuaca is the Executive Director and majority shareholder of Alacrity Investment Group Limited, a substantial shareholder of Oceanus Group Limited, and will be exploring opportunities for further business development and collaboration between Oceanus Group Limited and his other business ventures.
Additional Details
Mr Cleveland Cuaca is the Executive Director and majority shareholder of Alacrity Investment Group Limited, a substantial shareholder of Oceanus Group Limited, and will be exploring opportunities for further business development and collaboration between Oceanus Group Limited and his other business ventures.
Name Of PersonEugen ChuaAge43Is effective date of cessation known?YesIf yes, please provide the date15/12/2021Detailed Reason (s) for cessationMr Eugen Chua will be replaced by Mr Cleveland Cuaca as the representative of Alacrity Investment Group Limited on the board of Oceanus Group Limited, to allow him to focus on his role as Chief Investment Officer of CFAM Pte. Ltd.
Mr Cleveland Cuaca is the Executive Director and majority shareholder of Alacrity Investment Group Limited, a substantial shareholder of Oceanus Group Limited, and will be exploring opportunities for further business development and collaboration between Oceanus Group Limited and his other business ventures.
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?NoIs there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?NoAny other relevant information to be provided to shareholders of the listed issuer?NoDate of Appointment to current position02/10/2019Does the AC have a minimum of 3 members (taking into account this cessation)?YesNumber of Independent Directors currently resident in Singapore (taking into account this cessation)3Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months1Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Non-Independent Non-Executive Director and a member of each of the Audit Committee and the Remuneration Committee.Role and responsibilitiesNon-Independent Non-Executive Director Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNoShareholding interest in the listed issuer and its subsidiaries?YesShareholding DetailsDirect interest: 3,000,000 ordinary shares in the Company
Deemed interest: 258,292,452 ordinary shares in the Company held by EMEC Holdings Pte. Ltd.
Past (for the last 5 years)1. Cap 1 Financial Pte. Ltd.
2. C1 Investments Pte. Ltd.
3. Autovisa Pte. Ltd.
4. JCXY69 Pte. Ltd.
5. EMEC Holdings Pte. Ltd.
Present1. EMEC Holdings Pte. Ltd.
2. CFAM Advisory Pte. Ltd.
3. CFAM Foundation Limited
Related Announcements
Mr Cleveland Cuaca is the Executive Director and majority shareholder of Alacrity Investment Group Limited, a substantial shareholder of Oceanus Group Limited, and will be exploring opportunities for further business development and collaboration between Oceanus Group Limited and his other business ventures.
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?NoIs there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?NoAny other relevant information to be provided to shareholders of the listed issuer?NoDate of Appointment to current position02/10/2019Does the AC have a minimum of 3 members (taking into account this cessation)?YesNumber of Independent Directors currently resident in Singapore (taking into account this cessation)3Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months1Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Non-Independent Non-Executive Director and a member of each of the Audit Committee and the Remuneration Committee.Role and responsibilitiesNon-Independent Non-Executive Director Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNoShareholding interest in the listed issuer and its subsidiaries?YesShareholding DetailsDirect interest: 3,000,000 ordinary shares in the Company
Deemed interest: 258,292,452 ordinary shares in the Company held by EMEC Holdings Pte. Ltd.
Past (for the last 5 years)1. Cap 1 Financial Pte. Ltd.
2. C1 Investments Pte. Ltd.
3. Autovisa Pte. Ltd.
4. JCXY69 Pte. Ltd.
5. EMEC Holdings Pte. Ltd.
Present1. EMEC Holdings Pte. Ltd.
2. CFAM Advisory Pte. Ltd.
3. CFAM Foundation Limited
Related Announcements
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Disclaimer
Oceanus Group Limited published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 09:28:07 UTC.
