Report on Securities Holding of Directors and Management

Names of the directors and their share ownership in the Company as of 31 December 2017 are as follows:

No. Name Position No. of Shares as of
31 Dec 16
No. of Shares as of
31 Dec 17
Increase/ Decrease

1

Mr. Boonchai Bencharongkul Chairman 10 shares 10 shares -
Spouse   - - -
Minor Child   - - -
2
Mr Petter Boerre Furberg (1) Vice Chairman - - -
Spouse   - - -
Minor Child   - - -
3
Mr. Chulchit Bunyaketu Independent Director - - -
Spouse   15,000 shares 15,000 shares -
Minor Child   - - -
4
Mrs. Kamonwan Wipulakorn Independent Director - - -
Spouse   - - -
Minor Child   - - -
5
Mr. Stephen Woodruff Fordham Independent Director 10,000 shares
6,000 NVDR
10,000 shares
6,000 NVDR
-
Spouse   - - -
Minor Child   - - -
6
Mrs. Chananyarak Phetcharat Independent Director - - -
Spouse   - - -
Minor Child   - - -
7
Mr. Lars-Aake Valdemar Norling Director and Chief Executive Officer - - -
Spouse   - - -
Minor Child   - - -
8
Ms. Tanwadee Wongterarit Director - - -
Spouse   - - -
Minor Child   - - -
9
Mr. Tore Johnsen Director - - -
Spouse   - - -
Minor Child   - - -
10
Mr. Haakon Bruaset Kjoel Director - - -
Spouse   - - -
Minor Child   - - -
11
Mrs. Tone Ripel Director - - -
Spouse   - - -
Minor Child   - - -
12
Mr. Sverre Pedersen (2) Director 3,000 NVDR - -3,000 NVDR
Spouse   - - -
Minor Child   - - -

Remark:

  • (1) Mr. Petter Boerre Furberg has been appointed as a new director and Vice Chairman in replacement of Mr. Morten Karlsen Soerby (who resigned from his directorship on 13 July 2017) pursuant to the resolution of the Board of Directors’ Meeting No. 4/2017 held on 13 July 2017.
  • (2) Mr. Sverre Pedersen has been appointed as a new director in replacement of Mr. Morten Loeken Edvardsen (who resigned from his directorship on 16 December 2017) pursuant to the resolution of the Board of Directors’ Meeting No. 6/2017 held on 8 December 2017. Whereas Mr. Morten Loeken Edvardsen has been appointed during year 2017 as a new director in replacement of Mr. Christopher Adam Laska pursuant to the resolution of the Board of Directors’ Meeting No. 4/2017 held on 13 July 2017.


Names of the directors who resigned in 2017 and their share ownership in the Company are as follows:

No.
Name Position No. of Shares as of
31 Dec 16
No. of Shares as of
31 Dec 17 (1)
Increase/ Decrease
1
Mr. Morten Karlsen Soerby Vice Chairman - - -
Spouse   - - -
Minor Child   - - -
2
Mr. Christopher Adam Laska Director - - -
Spouse   - - -
Minor Child   - - -
3
Mr. Morten Loeken Edvardsen Director - - -
Spouse   - - -
Minor Child   - - -

Remark:

  • (1) There is no change in share ownership / no share sale and purchase during 2017.


The authorized signatories of the Company are any two of the following five directors can sign jointly with the Company’s seal affixed: (1) Mr. Boonchai Bencharongkul, (2) Mr. Petter Boerre Furberg, (3) Mr. Haakon Bruaset Kjoel, (4) Mrs. Chananyarak Phetcharat, and (5) Mr. Lars-Aake Valdemar Norling.

The Chief Executive Officer is the head of the management team. The Company’s organization structure is divided into 7 groups, i.e. Finance Group, Marketing Group, Sales Group, Technology Group, Digital Group, People Group, and Corporate Affairs and Business Development Group. Names of the Management and their share ownership in the Company as of 31 December 2017 are as follows:

No.
Name Position No. of Shares as of
31 Dec 16
No. of Shares as of
31 Dec 17
Increase/ Decrease
1
Mr. Lars-Aake Valdemar Norling Chief Executive Officer - - -
Spouse   - - -
Minor Child   - - -
2
Mr. Dilip Pal (1) Chief Financial Officer - - -
Spouse   - - -
Minor Child   - - -
3
Mr. Sitthichoke Nopchinabutr Chief Marketing Officer 103,000 shares - -103,000 shares
Spouse   - - -
Minor Child   - - -
4
Mr. Panya Vechbanyongratana Chief Sales Officer - - -
Spouse   - - -
Minor Child   - - -
5
Mr. Prathet Tankuranun Chief Technology Officer 10,000 shares 10,000 shares -
Spouse   9,700 shares 7,100 shares -2,600 shares
Minor Child   - - -
6
Mr. Andrew Tor Oddvar Kvaalseth Chief Digital Officer - - -
Spouse   - - -
Minor Child   - - -
7
Ms. Nardrerdee Arj-Harnwongse Chief People Officer - - -
Spouse   - - -
Minor Child   - - -
8
Mr. Rajiv Bawa(2) Chief Corporate Affairs and Business Development Officer - - -
Spouse   - - -
Minor Child   - - -

Remark:

  • (1) Mr. Dilip Pal has been appointed as a new Chief Financial Officer in replacement of Mr. Sverre Pedersen effective from 1 September 2017.
  • (2)Mr. Rajiv Bawa has been appointed as a new Chief Corporate Affairs and Business Development Officer in replacement of Mr. Paradai Theerathada effective from 15 September 2017.