Dec 29, 2021
Change - Announcement Of Cessation As Non-Executive And Non-Independent Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 29, 2021 17:27 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation as Non-Executive and Non-Independent Director |
| Announcement Reference | SG211229OTHRZK35 |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Christopher Tang Kok Kai as a Non-Executive and Non-Independent Director on the Board and as a member of the Nominating and Remuneration Committee. |
| Additional Details | |
| Name Of Person | Mr Christopher Tang Kok Kai |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/01/2022 |
| Detailed Reason (s) for cessation | Mr Tang has served as a Non-Executive and Non-Independent Director of Frasers Centrepoint Asset Management Ltd. ("FCAM"), the manager of Frasers Centrepoint Trust ("FCT"), since 27 January 2006 and is retiring from the Board of FCAM. The Board expresses its appreciation to Mr Tang for his dedication and invaluable contribution during his tenure of service. |
| 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 | 27/01/2006 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director, and member of the Nominating and Remuneration Committee. |
| Role and responsibilities | As above. |
| 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 | Direct interest - 59,000 units in FCT Deemed interest - 792,220 units in FCT |
| Past (for the last 5 years) | Please see Appendix A. |
| Present | Please see Appendix A. |
29 Dec 2021 | PDF 110,060 kb
