Change - Announcement Of Cessation Of Appointment Of Non-Executive Independent Director

BackFeb 20, 2019
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Feb 20, 2019 17:10
Status New
Announcement Sub Title CESSATION OF APPOINTMENT OF NON-EXECUTIVE INDEPENDENT DIRECTOR
Announcement Reference SG190220OTHR17ZH
Submitted By (Co./ Ind. Name) STELLA YEAK
Designation COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below) Cessation of appointment of Mr Eugene Paul Lai Chin Look as Non-Executive Independent Director, Chairman of the Nominating and Remuneration Committee ("NRC") and member of the Audit, Risk and Compliance Committee ("ARCC").
Additional Details
Name Of Person EUGENE PAUL LAI CHIN LOOK
Age 55
Is effective date of cessation known? Yes
If yes, please provide the date 20/02/2019
Detailed Reason (s) for cessation Mr Lai has served on the board of AIMS AMP Capital Industrial REIT Management Limited (the "Board") as a Non-Executive Independent Director since 26 February 2010. In compliance with the Monetary Authority of Singapore's statutory nine-year limit for Independent Directors of a REIT Manager, Mr Lai will be stepping down from the Board on 20 February 2019. He will also be retiring as the Chairman of the NRC and member of the ARCC with effect from 20 February 2019.
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 26/02/2010
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) 4
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.) Non-Executive Independent Director, Chairman of the NRC and member of the ARCC.
Role and responsibilities Non-Executive Independent Director, Chairman of the NRC and member of the ARCC.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) Please refer to Appendix 1
Present Please refer to Appendix 1

Attachments

  1. Appendix 1 (Size: 18,485 bytes)
  2. Press Release (Size: 243,615 bytes)

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