| Announce of Appointment of CEO | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | L & M GROUP INVESTMENTS LTD |
| Company Registration No. | 198300847M |
| Announcement submitted on behalf of | L & M GROUP INVESTMENTS LTD |
| Announcement is submitted with respect to * | L & M GROUP INVESTMENTS LTD |
| Announcement is submitted by * | Low Yew Shen |
| Designation * | Company Secretary |
| Date & Time of Broacast | 14-Aug-2009 16:25:39 |
| Announcement No. | 00082 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 14/08/2009 |
| Name * | Husni Heron |
| Age * | 44 |
| Country of principal residence * | Indonesia |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | Appointment by shareholders at Extraordinary General Meeting held on 22 July 2009 |
| Whether appointment is executive, and if so, area of responsibility * | Executive, Mr Husni Heron will be responsible for overseeing the overall management and operations, formulating the business model and growth strategies of the Group. |
| Job Title * | CEO |
| Working experience and occupation(s) during the past 10 years * | Mr Husni Heron is proposed to be appointed as the Executive Director and CEO of the Company upon the completion of the Proposed Transactions. Mr Husni Heron is currently the President Director of PT Pulau Seroja Jaya ("PT PSJ") and PT Pulau Seroja Jaya Pratama ("PSJP") and has been with PT PSJ and PSJP (the "PSJ Group") since January 2008. Mr Husni Heron started his career in PT Astra International Tbk in 1988 in the finance and budget department where he remained till 1992 and last held the position of coordinator of international finance division. He was involved in the initial public offering of PT Astra International Tbk on the Indonesia Stock Exchange in February 1990, the largest initial public offering in Indonesia at the time. From 1993 to 1996, Mr Husni Heron was the general manager of finance & accounting of PT Surya Raya Idaman. From 1996 to 2001, Mr Husni Heron was the finance director of PT Bhuwanatala Indah Permai Tbk. He was involved in various fund raising, project finance and merger and acquisition activities. Since 2001, he has been the director of PT Saratoga Investama Sedaya overseeing the activities of the company's subsidiaries. He graduated from the Accounting Department of Gadjah Mada University in 1988 with a Bachelor degree in Accountancy. He is a certified public accountant in Indonesia. He is also a member of the Indonesian Institute of Audit Committee. |
| Interest in the listed issuer and its subsidiaries * | Mr Husni Heron is deemed interested in 3,380,357 representing 5.27% of the share capital of the Company |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Nil |
| Conflict of interest * | Nil |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | PT Bhuwanatala Indah Permai Tbk PT Villa Ayu PT Swakarya Sinar Mulia PT Terminal Batubara Indah Agalia Energy Investments Pte. Ltd Saluno Investments Pte Ltd Q.S.L. Hotels Pte Ltd PT Mitra Pinasthika Mustika |
| Present | Enlarged Group Companies: PT PSJ PSJP Seroja Investments Limited As Director: PT Saratoga Investama Sedaya PT Saratoga Sentra Business PT Suryalaya Anindita International PT Global Kalimantan Makmur PT Darmo Satelite Town Saratoga Capital (Singapore) Pte Ltd Synergy Energy Pte Ltd PT Adaro Investama Sedaya PT Alberta Investama Sedaya PT Aria Infotek PT Bangun Daya Perkasa PT Bumi Hijau Asri PT Cahaya Mentari Papua PT Kalimantan Sawit Raya PT Karabha Citra PT Lintas Express Sedaya PT Mitra Andasantika PT Mitra Global Telekomunikasi Indonesia PT Nugraha Eka Kencana PT Palem Makmur Abadi PT Pandu Dian Pertiwi PT Papua Fajar Timur PT Papua Permata Khatulistiwa PT Papua Persada Coal PT Papua Pusaka Nusantara PT Papua Sinar Pelangi PT Permata Surya Selaras PT Provident Energy PT Saratoga Infrastructure PT Saratoga Inti Perkasa PT Saratogasedaya Utama PT Sistindo Kreasi Raya PT Sukses Indonesia PT Suryaraya Persada Nusantara PT Suryaraya Pusaka PT Unitras Energy PT Unitras Pertama PT Swakarya Prima Perkasa MEC Indo Coal BV As President Director: PT Budhi Lestari PT Kalimantan Mentari Khatulistiwa PT Laju Kencana Murni PT Saratoga Power PT Satria Sukses Makmur PT Surya Energi Indonesia PT Wahana Anugerah Sejahtera As President Commissioner: PT Mutiara Agam PT Provident Agro PT Sarana Asri PT Teluk Benoa Indah PT Bali Telekom PT Langgam Inti Hibrindo PT Minang Agro PT Nilo Sawit Mandiri PT Saban Sawit Subur PT Surya Agro Persada PT Telenet Internusa As Commissioner: PT Sumalindo Lestari Jaya Tbk PT Bumi Agung Nusantara PT Maritim Indonesia PT Mitra Pinasthika Mustika PT Paranusa Sari PT Global Finance Investment PT Tower Bersama |
| >> Information required under Rule 704(7)(h) | |
| Disclose the following matters concerning a director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given. | |
| (a) * Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| (b) * Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | Yes Mr Husni Heron was a director of the listed issuer when a winding up petition was issued against the Company in November 2005 which was subsequently dismissed as the Company was placed under judicial management on 11 January 2006. |
| (c) * Whether there is any unsatisfied judgement against him? | No |
| (d) * Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose? | No |
| (e) * Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| (f) * Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)? | No |
| (g) * Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? | No |
| (h) * Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| (i) * Whether he has ever been the subject of any order, judgement or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) * any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) * any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) * any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) * any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, | No |
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | |
| (k) * Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| >> Information required under Rule 704(7)(i) | |
| Disclosure applicable to the appointment of Director only. | |
| Any prior experience as a director of a listed company? | Yes |
| If yes, please provide details of prior experience | Director of Seroja Investments Limited, among others |
