CEO's On the Move
China Success Finance Group Holdings Appoints Chen Hui as Chief Executive Officer
China Success Finance Group Holdings Limited
:Stock Exchange of Hong Kong Limited) China Success Finance Group Holdings has appointed Chen Hui as Chief Executive Officer. The effective date is September 15, 2014.
Upcoming Board Meetings
Adamas Incorporation Public Company Limited Appoints Mr. Boonpiam Eamroongroj as Chairman of the Board of Directors
The Board of Directors' Meeting of Adamas Incorporation Public Company Limited held on September 15, 2014, approved the appointment Mr. Boonpiam Eamroongroj to act as the Chairman of the Board of Directors.
SSP Offshore Inc. Announces Initial Distribution, Payable on September 30, 2014; Announces Executive Changes
SSP Offshore Inc. as discussed in the information circular dated August 12, 2014 for the annual & special meeting held on September 9, 2014, the board of directors has now determined the amount, mechanism and timing of the initial distribution. The corporation announced that it intends to make the initial distribution in the amount of $12,822,019.70 as a reduction of the paid-up capital of the common shares of the corporation on a pro rata basis to the holders of common shares of the corporation of record at the close of business on September 25, 2014. The corporation currently has 73,268,684 shares issued and outstanding, and does not anticipate the issuance of any further shares prior to completion of the initial distribution. Each shareholder of record on such date will receive $0.175 per share. The initial distribution is expected to take place on September 30, 2014. Since the value of the initial distribution will exceed 25% of the market value of the shares, the TSX Venture Exchange requires the implementation of a ‘due bill’ trading process (an entitlement that will be due to a Shareholder in connection with the completion of a material event) in respect of the Initial Distribution commencing from the opening of trading on September 23, 2014 to the close of trading on September 30, 2014. The shares will commence trading on an ex-initial distribution basis effective from the opening of trading on October 1, 2014.
The corporation has accepted the resignation of Paul Illingworth as CEO, leaving L. Daniel Wilson (President & Corporate Secretary) and Steve Kovar (CFO & Treasurer) as the only remaining officers of the corporation, tasked with settling the outstanding affairs of the Corporation and executing the winding up and dissolution process that is expected result in the formal dissolution of the Corporation during the 2015 calendar year. Mr. Wilson and Mr. Kovar will provide their services to the Corporation on a consulting basis, with remuneration for such services to be set by the Board of Directors. The Corporation has also accepted the resignations of Gary Quenan, Ian Dundas and Hugh Parry as directors of the Corporation, leaving four remaining directors (Paul Illingworth, Joseph Lahey, Philip Uhrhan and L. Daniel Wilson) to complete the ongoing winding up and dissolution process. The Corporation wishes to express its sincere gratitude to the three departing members of the Board of Directors for their able service and valuable contributions over the past number of years. Paul Illingworth has been appointed as the non-executive Chairman of the Board of Directors, and has also been appointed to each of the standing committees of the Board. Subsequent to his resignation as an officer of the Corporation, Paul Illingworth will qualify as an independent member of the Board of Directors along with Joseph Lahey and Philip Uhrhan. L. Daniel Wilson will continue to be classified as a non-independent member of the Board of Directors as a result of his ongoing role as an officer of the Corporation.
Terry O'Brien Announces Intention to Retire from the Board and as Chief Executive of LiDCO Group plc
LiDCO Group Plc announced that Terry O'Brien has informed the Board of his intention to retire from his Board and Chief Executive positions when he reaches his 60th birthday next year in September 2015.