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Amendments to the names of directors in MMPLC ESOP

Back Jul 16, 2007

Ref. No. COR:MS/EL07013e/ms

13 July 2007

Subject : Amendments to the names of directors of the Company's subsidiaries who will be allocated warrants

Attention: President The Stock Exchange of Thailand

Following the disclosure by Thoresen Agencies Public Company Limited ("the Company") of information relating to the allocation of warrants to employees (including employees who are directors) (ESOP Scheme) of Mermaid Maritime Public Company Limited and its subsidiaries ("Mermaid Group") to the SET on 4 July 2007, the Company would like to amend the list of names of directors of Mermaid Group who will be allocated the warrants as stated in Clause 3.5 of the ESOP Scheme as follows.

3.5 List of the director(s) of Mermaid Group who will be allotted the Warrants and the number of Warrants to be allotted are as follows:

Names of directors
Job title
Number of allotted Warrants
(units)
% of total number of Warrants
Mr. David Simpson Director and Managing Director of Mermaid Maritime Public Company Limited

996,335

26

Mr. Mark Shepherd Director of Mermaid Offshore Services Ltd.

613,130

16

Mr. Magne Hovden Director of Mermaid Drilling (Malaysia) Sdn. Bhd. and Operation Manager of Mermaid Drilling Ltd.

536,490

14

 

Cont. 2.../

Thoresen Thai Agencies Public Company Limited
Page 2
Ref. No. COR:MS/EL07013e/ms

In this connection, Mr. Magne Hovden will be allocated more than 5 per cent of the total number of warrants, as detailed in Clause 3.6 of the ESOP Scheme. In addition, we would like to inform you that Mr. Magne Hovden attended the meetings as director of Mermaid Drilling (Malaysia) Sdn.Bhd. 2 times out of 2 meetings.

Please be informed accordingly.

 

Yours faithfully,
Thoresen Thai Agencies Public Company Limited

 

---------------------------
M.R. Chandram S. Chandratat
Chairman
----------------------------
M.L. Chandchutha Chandratat
Managing Director

Attachments

  • EL07013e.pdf (Size: 18,665 bytes)