Dec 28, 2017
Retirement of Non-Executive and Independent Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 28, 2017 18:56 |
| Status | New |
| Announcement Sub Title | Retirement of Non-Executive and Independent Director |
| Announcement Reference | SG171228OTHRW2D1 |
| 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 Soh Kim Soon as a Non-Executive and Independent Director on the Board, as a Member of the Audit Committee and as the Chairman of the Nominating and Remuneration Committee. |
| Additional Details | |
| Name Of Person | Soh Kim Soon |
| Age | 72 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2017 |
| Detailed Reason (s) for cessation | Mr Soh has served as a Non-Executive and Independent Director of Frasers Centrepoint Asset Management Ltd., the manager of Frasers Centrepoint Trust ("FCT"), for more than 11 years and is retiring as part of the board renewal process and for compliance with regulatory requirements. The Board expresses its appreciation to Mr Soh 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 | 23/03/2006 |
| 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 Independent Director, Member of the Audit Committee and Chairman 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 in 100,000 units in FCT |
| Past (for the last 5 years) | - NTUC Income Insurance Cooperative Limited - EnGro Corporation Limited (formerly Ssangyong Cement (Singapore) Ltd) - ORIX Investment and Management Private Limited |
| Present | - ORIX Leasing Singapore Limited - CapitaLand Retail China Trust Management Limited |
