| Announcement of Cessation of CEO - Multiheight Group | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | NORDIC GROUP LIMITED |
| Company Registration No. | 201007399N |
| Announcement submitted on behalf of | NORDIC GROUP LIMITED |
| Announcement is submitted with respect to * | NORDIC GROUP LIMITED |
| Announcement is submitted by * | Thung Sim Yee |
| Designation * | Company Secretary |
| Date & Time of Broacast | 01-Oct-2012 04:59:04 |
| Announcement No. | 00001 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Ho Hee Han |
| Age * | 53 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 30/09/2012 |
| Detailed Reason(s) for cessation * | In relation to the supplemental agreement entered into on 30 July 2012 by the Company and NFC with the Vendors and MHS, the service agreement of Mr Ho Hee Han, the Chief Executive Officer ("CEO") of MHS, shall terminate on 30 September 2012 instead of 30 June 2013, pursuant to Mr Ho's request. |
| Is there any difference of opinion on material matters between the person and the Board of directors? * | No |
| If yes, please elaborate * | NA |
| 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 |
| Date of Appointment to current position * | 01/07/2011 |
| Job Title * | CEO - Multiheight Group |
| Role and responsibilities * | Responsible for directing the Multiheight Group's overall strategy and growth. |
| Does the AC have a minimum of 3 members (taking into account this cessation) * | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this resignation) * | 3 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 3 |
| Interest in the listed issuer and its subsidiaries * | Nil |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Nil |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | None |
| Present * | Multiheight Scaffolding Pte Ltd Multiheight Marine Pte Ltd |
| Footnotes | Further to our announcement on 9 April 2012, we advise that after completion of a successful leadership transition plan over the last 6 months, Mr. Sim Beng Khoon will assume the role of CEO of Multiheight Group with effect from 1 October 2012. Mr. Ho Hee Han will relinquish his CEO role on 30 September 2012. The Board and Management of Nordic Group Limited would like to wish Mr. Ho the very best for the future. |
