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

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