Announcement Title |
Change - Announcement of Cessation |
Date & Time of Broadcast |
Sep 28, 2018 17:16 |
Status |
New |
Announcement Sub Title |
Retirement of Independent Director |
Announcement Reference |
SG180928OTHRCJAS |
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) |
Retirement of Mr Teo Choon Chye, Marc as Independent Director. |
Additional Details |
Name Of Person |
Teo Choon Chye, Marc |
Age |
57 |
Is effective date of cessation known? |
Yes |
If yes, please provide the date |
30/09/2018 |
Detailed Reason (s) for cessation |
Mr Marc Teo has served on the Board of Ascendas Funds Management (S) Limited ("AFM" ), as Manager of Ascendas Real Estate Investment Trust ("Ascendas Reit"), for a period of 6 years. The retirement is part of the regular Board succession and renewal process. |
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 |
18/09/2012 |
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) |
5 |
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.) |
Independent Director of AFM, a member of the Audit and Risk Committee and the Investment Committee. |
Role and responsibilities |
Non-executive |
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries |
Nil |
Shareholding interest in the listed issuer and its subsidiaries? |
Yes |
Shareholding Details |
26,000 units in Ascendas Reit |
Past (for the last 5 years) |
Nil |
Present |
Nil |