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Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

BackSep 19, 2011
Part I
1. Date of notice to issuer 19/09/2011
2. Name of Director Sim Soon Ngee Glenndle
3. Notice Type Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
Part II
1. Date of change of Interest 19/09/2011
2. Name of Registered Holder Sim Soon Ngee Glenndle
3. Circumstance(s) giving rise to the interest or change in interest # Others

Dilution of percentage shareholding as a result of the issuance of 2,224,770 new ordinary shares in the capital of the Company as part satisfaction of the 1st payment tranche of the purchase consideration in connection with the acquisition of the entire issued and paid-up share capital of Unidive Marine Services Pte Ltd.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 50,400,000
As a percentage of issued share capital 27.20 %
No. of Shares which are subject of this notice 0
As a percentage of issued share capital 0 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0
No. of Shares held after the change 50,400,000
As a percentage of issued share capital 26.88 %
Part III - Not Required
Part IV
1. Holdings of Director, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 50,400,000 47,676,000
As a percentage of issued share capital 27.20 % 25.74 %
No. of shares held after the change 50,400,000 47,676,000
As a percentage of issued share capital 26.88 % 25.42 %
Footnotes i) Mr Sim Soon Ngee Glenndle is deemed interested in the Shares held by Mdm Chua Kim Choo, Ms Sim Wei Wei and Mr Sim Soon Ying. Mr Sim Soon Ngee Glenndle is the son of Mdm Chua Kim Choo and the brother of Ms Sim Wei Wei and Mr Sim Soon Ying.

ii) The percentage of issued share capital before the change is based on 185,266,477 shares rounded to 2 decimal places.

iii) The percentage of issued share capital after the change is based on 187,491,247 as at 19 September 2011 rounded to 2 decimal places.

This announcement and its contents have been reviewed by the Sponsor, CIMB Bank Berhad, Singapore Branch, for compliance with the relevant rules of the SGX-ST, this being the Catalist Rules. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Mah Kah Loon, Head, Corporate Finance, CIMB Bank Berhad, Singapore Branch, 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337-5115.