| Announcement Title | Change - Announcement of Appointment |
| Announcement Subtitle | ANNOUNCEMENT OF APPOINTMENT OF TREASURY MANAGER OF SINGAPORE SHIPPING CORPORATION LIMITED |
| Securities | SINGAPORE SHIPPING CORP LTD (SPSHIPG) |
| Date & Time of Broadcast | May 20, 2015 20:17 |
| Submitted By | Chua Siew Hwi Company Secretary |
| Effective Date and Time | May 20, 2015 20:10 |
| Description | Appointment of Treasury Manager - Ms Kiersten Ow Yiling |
| Appointment Details | |
| Date of appointment | May 20, 2015 |
| Name of person | KIERSTEN OW YILING |
| Age | 34 |
| Country of principal residence | Singapore |
| The Board's comments on this appointment | Taking into account Ms Kiersten Ow Yiling s professional interest, aptitude, qualification and work experience, management is of the view that she is well-suited to assume the managerial position of Manager, Treasury. Taking into consideration managements recommendations, the Directors have determined that Ms Kiersten Ow YiLing is suitable to assume such position, and is able to perform her duties and responsibilities that are in line with her role within the Group. The Directors have accordingly approved and endorsed the appointment. |
| Whether appointment is executive, and if so, the area of responsibility | Yes. As Manager, Treasury, Ms Kiersten Ow YiLing will assist the Chief Financial Officer (CFO) with the management of the Groups Treasury functions, including the areas of corporate development, investor relations and financial/investment management. Ms Kiersten Ow YiLing will also assist the CFO with major corporate initiatives and special projects, including feasibility studies on potential developments, investments and transactions. |
| Job title | Manager, Treasury |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Ms Kiersten Ow Yiling is: i. the daughter of Mr Ow Chio Kiat, our Executive Chairman and substantial shareholder of Singapore Shipping Corporation Limited; ii. the niece of Mr Ow Cheo Guan, our Deputy Executive Chairman of Singapore Shipping Corporation Ltd; and iii. the sister of Mr Ow Yew Heng, our Executive Director of Singapore Shipping Corporation Ltd. |
| Conflict of interests (including any competing business) | NIL |
| Working experience and occupation(s) during the past 10 years | Sep 2011-Present Management Associate, Treasury of Singapore Shipping Corporation Limited Sep 2010-Aug 2011 Client Relationship Manager, Citibank Singapore Ltd Prior to joining Singapore Shipping Corporation Ltd, Ms Kiersten Ow YiLing held the position of Client Relationship Manager with Citibank Singapore Ltd, where she was responsible for establishing and managing long-term and profitable wealth management relationships, assessment and development of financial products and client investment opportunities, client advisory services, as well as formulating, implementing and monitoring client investment strategies and portfolios. Ms Kiersten Ow YiLing holds a Bacherlor of Social Science from the Singapore Management University, where she majored in Political Science. She also holds a Diploma in Mass Communications from the University of Technology, Sydney. |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | 4,415,000 shares |
| Other Directorships | |
| Note: These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9) or Catalist Rule 704(8) | |
| Past (for the last 5 years) | NIL |
| Present | RAINBOW AVIATION PTE. LTD. RAINBOW AVIATION LIMITED LUSCOMBE INTERNATIONAL LIMITED RK AVIATION LTD SIR STAMFORD HOTEL (AUSTRALIA) PTY LTD |
| Information Required Persuant To Listing Rule 704(7)(H) | |
| (a) Whether at any time during the past 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at any time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment 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, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) 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 has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment 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, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation 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 entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment 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, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued with 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 persuant to Listing Rule 704(7)(I) | |
| Note: Disclosure applicable to the appointment of Director only | |
| Any prior experience as a director of a listed company? | No |
| If yes, please provide full details | NA |