Mercator Lines Singapore : Change - Announcement Of Resignation Of CEO And MD

Announcement Title	Change - Announcement of Cessation
Announcement Subtitle	Resignation of CEO and MD
Securities	MERCATOR LINES (SINGAPORE) LTD (MERCATOR)
Date & Time of Broadcast	Jan 22, 2016 14:42
Submitted By	Yit Chee Wah Judicial Manager
Effective date and time	Jan 20, 2016 17:00
Description	Resignation of CEO and MD
Cessation Details
Name of person	Shalabh Mittal
Age	37
Is effective date of cessation known?	Yes
Effective date for cessation	Jan 20, 2016
Detailed reason(s) for cessation	Personal reason
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	Aug 18, 2005
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)	0
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months	6
Job Title	CEO and MD
Role and responsibilities	Executive
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries	Mercator International Pte Ltd, a wholly owned subsidiary of Mercator International Limited holds approximately 67% of the shares in the Company. Mr Shalabh Mittal is the brother of Mr Adip Mittal, a Director of Mercator International Limited. Mr Shalabh Mittal is the son of Mr Harish K Mittal, ex-Chairman and ex-Non-executive Director of the Company and directly/indirectly the largest shareholder of Mercator International Limited.
Shareholdings interest in the listed issuer and its subsidaries?	Yes
Shareholding Details	Approximately 0.01% in the Company
Other directorships
Past (for the last 5 years)	Mercator Lines (Singapore) Ltd Chitra Prem Pte Ltd Viday Varsha Inc. Mercator Limited Mercator Oil & Gas Limited Mercator International Pte Ltd Oorja Holdings Pte Ltd Oorja 1 Pte Ltd Oorja 2 Pte Ltd Oorja 3 Pte Ltd Oorja (Batua) Pte Ltd MCS Holdings Pte Ltd Mercator Offshore (P) Pte Ltd Mercator Energy Pte Ltd Mercator Projects Pte Ltd Mercator Offshore Asset Holding Pte Ltd Mercator Offshore Holdings Pte Ltd Mercator Okwok FPU Pte Ltd Mercator Okoro FPU Pte Ltd Auctus Ventures Pte Ltd
Present	Mercator Lines (Singapore) Ltd Chitra Prem Pte Ltd Viday Varsha Inc. Oorja Holdings Pte Ltd Oorja 1 Pte Ltd Oorja 2 Pte Ltd Oorja 3 Pte Ltd Oorja (Batua) Pte Ltd MCS Holdings Pte Ltd Mercator Offshore (P) Pte Ltd Mercator Energy Pte Ltd Mercator Projects Pte Ltd Mercator Offshore Asset Holding Pte Ltd Mercator Offshore Holdings Pte Ltd Mercator Okwok FPU Pte Ltd Mercator Okoro FPU Pte Ltd Auctus Ventures Pte Ltd Mercator Global Pte Ltd Fortune Offshore O&M Pte Ltd Brio Resources Pte Ltd