News
Change - Announcement Of Cessation :: Cessation Of Chief Financial Officer
BackMar 19, 2026
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 19, 2026 22:36 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Financial Officer |
| Announcement Reference | SG260319OTHRS2QD |
| Submitted By (Co./ Ind. Name) | John d'Abo |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Mr Per Lind is stepping down as Chief Financial Officer and will be appointed as Chief Executive Officer. |
| Additional Details | |
| Name of person | Per Arne Lind (Per Lind) |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 19/03/2026 |
| Detailed reason(s) for cessation | Mr Per Lind is stepping down as Chief Financial Officer and will be appointed as Chief Executive Officer. The Company's Finance matters will be overseen by the existing Group Financial Controller, who will continue to report to Mr Per Lind. |
| 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 | 08/05/2014 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Overseeing the Group's finance, legal, administration and group structural matters, and working with the Chief Executive Officer in business development. |
| 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 cessation) | 2 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | Yes |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 2 |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | 8,000,091 ordinary shares in the Company |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Past (for the last 5 years) | Masirah Oil Ltd Porto Novo Resources Ltd Akrake Petroleum Holding Ltd |
| Present | Jasmine Energy Ltd Rex International Holding Ltd. (BVI) Rex Oman Ltd Rex International Investments Pte. Ltd. Rex Technology Investments Pte. Ltd. |