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Announcement Title Change - Announcement of Cessation
Announcement Subtitle Announcement of Cessation - CEO & MD
Securities LINC ENERGY LTD (LINENERG)
Date & Time of Broadcast Apr 22, 2016 17:58
Submitted By Janelle van de Velde
Company Secretary
Description Announcement of Cessation - CEO & MD
Cessation Details
Name of person Craig Ricato
Age 46
Is effective date of cessation known? Yes
Effective date for cessation Apr 22, 2016
Detailed reason(s) for cessation Due to the current restructuring process being undertaken by the company under Voluntary Administration, Mr Ricato has decided to resign as Managing Director & CEO. Mr Ricato will continue to provide assistance to the Administrators during the Voluntary Administration on a contractual basis, after which he intends to pursue other business opportunities.
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 Oct 1, 2014
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this account this cessation) 2
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 6
Job Title Managing Director & CEO
Role and responsibilities As The Managing Director & CEO, Mr Ricato Was Responsible For The Implementation Of The Board Approved Strategic Plan And Budget.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries None
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details 166,760 post recent 1 for 6 share consolidation
Other directorships
Past (for the last 5 years) PanTerra Gold Ltd
Present Nil

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Linc Energy Ltd. issued this content on 22 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 April 2016 10:20:10 UTC

Original Document: http://lincenergy.listedcompany.com/news.html/id/522282