Jan 02, 2020
Change - Announcement Of Cessation Of Non-Executive And Non-Independent Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 2, 2020 19:23 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation as Non-Executive and Non-Independent Director |
| Announcement Reference | SG200102OTHRBADE |
| 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 Philip Eng Heng Nee as a Non-Executive and Non-Independent Director on the Board and as a member of the Audit, Risk and Compliance Committee. |
| Additional Details | |
| Name Of Person | Philip Eng Heng Nee |
| Age | 73 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 03/01/2020 |
| Detailed Reason (s) for cessation | Mr Eng has served as a Non-Executive and Non-Independent Director of Frasers Centrepoint Asset Management Ltd. ("FCAM"), the manager of Frasers Centrepoint Trust, since 3 April 2006 and is stepping down from the Board of FCAM as part of planned transition. The Board expresses its appreciation to Mr Eng 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 | 03/04/2006 |
| 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 Audit, Risk and Compliance 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? | No |
| Past (for the last 5 years) | Please see attachment |
| Present | Please see attachment |
02 Jan 2020 | PDF 51,155 kb
