News
Change - Announcement Of Resignation Of Chief Executive Officer And Executive Director
BackOct 20, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 20, 2017 17:41 |
| Status | New |
| Announcement Sub Title | Resignation of Chief Executive Officer and Executive Director |
| Announcement Reference | SG171020OTHRGXZ4 |
| Submitted By (Co./ Ind. Name) | Mary Judith de Souza |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Chief Executive Officer and Executive Director |
| Additional Details | |
| Name Of Person | Chia Nam Toon |
| Age | 57 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 20/10/2017 |
| Detailed Reason (s) for cessation | Mr Chia Nam Toon has resigned as Chief Executive Officer ("CEO") of Ascendas Funds Management (S) Limited ("AFM"), for personal reasons. His last day of service with the company is 19 November 2017. However, in the interim, he has relinquished his role as CEO of AFM with effect from 20 October 2017, Mr Chia has also resigned as Director on the Board of AFM with effect from 20 October 2017. Please refer to the accompanying announcement on "Resignation of Chief Executive Officer of Ascendas Funds Management (S) Limited" dated 20 October 2017. |
| 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 | 01/04/2016 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 6 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer and Executive Director |
| Role and responsibilities | Executive responsibility for the overall management and operation of Ascendas Funds Management (S) Limited, the Manager of Ascendas Real Estate Investment Trust |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 112,100 units held in Ascendas Real Estate Investment Trust |
| Past (for the last 5 years) | Please refer to Annex A |
| Present | Please refer to Annex A |
Attachments
- Annex A (Size: 109,837 bytes)