Viking Offshore And Marine : Change - Announcement Of Cessation Of Managing Director Of Viking Airtech Pte Ltd

Announcement Title	Change - Announcement of Cessation
Announcement Subtitle	CESSATION OF MANAGING DIRECTOR OF VIKING AIRTECH PTE LTD
Securities	VIKING OFFSHORE AND MA W180425 (VIKINW18) VIKING OFFSHORE AND MARINE LTD (VIKING)
Date & Time of Broadcast	Jan 7, 2015 17:35
Submitted By	Ong Choo Guan Executive Director and Chief Executive Officer
Description	This document has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore branch ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this document. The document has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this document including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr Tony Toh, Director, Corporate Finance. The contact particulars are 50 Raffles Place #09-01 Singapore Land Tower Singapore 048623,Telephone: [phone]
Cessation Details
Name of person	Ong Choo Guan
Age	63
Is effective date of cessation known?	Yes
Effective date for cessation	Jan 7, 2015
Detailed reason(s) for cessation	As a result of a recent reorganisation exercise of the Group.
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 1, 2004
Does the AC have a minimum of 3 members (taking into account this cessation)?	Yes
Number of independent directors currently resident in Singapore (taking this 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	0
Job Title	Managing Director of Viking Airtech Pte Ltd
Role and responsibilities	Responsible for the overall coordination of the Management team for the effective implementation of business strategies and policies.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries	Nil
Shareholdings interest in the listed issuer and its subsidaries?	Yes
Shareholding Details	As at the date of this announcement, Mr Ong Choo Guan has been granted 550,000 rights over shares pursuant to the Viking Long Term Incentive Plan, 2,500,000 options pursuant to the Viking Offshore and Marine Limited Share Option Scheme and 4,180,000 warrants pursuant to a Rights Issue. Mr Ong also holds 3.22% interest in Viking Offshore and Marine Limited.
Other directorships
Past (for the last 5 years)	Viking Airtech Pte Ltd Viking Facilities Management & Operations Pte Ltd Viking HVAC Pte Ltd Viking Offshore Global Pte Ltd Promoter Hydraulics Pte Ltd Marshal Systems Private Limited
Present	Viking Airtech Pte Ltd Viking Facilities Management & Operations Pte Ltd Viking HVAC Pte Ltd Viking Offshore Global Pte Ltd Promoter Hydraulics Pte Ltd Marshal Systems Private Limited