Change - Announcement Of Cessation Of Appointment Of Non-Executive Non-Independent Director
BackMar 29, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 29, 2019 8:27 |
| Status | New |
| Announcement Sub Title | CESSATION OF APPOINTMENT OF NON-EXECUTIVE NON-INDEPENDENT DIRECTOR |
| Announcement Reference | SG190329OTHRBGYH |
| 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 Nicholas Paul McGrath as Non-Executive Non-Independent Director of AIMS AMP Capital Industrial REIT Management Limited (the "Manager") and stepping down as member of Nominating and Remuneration Committee of the Manager. |
| Additional Details | |
| Name Of Person | Nicholas Paul McGrath |
| Age | 46 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/03/2019 |
| Detailed Reason (s) for cessation | Mr Nicholas McGrath being the nominee of AMP Capital Investors International Holdings Limited ("AMPCI") to the Board of the Manager has stepped down as Non-Executive Non-Independent Director of the Manager following the completion of the 50% share sale in the Manager by AMPCI to Great World Capital Holdings Limited which is an affiliate of AIMS Financial Holding Limited. |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director |
| Role and responsibilities | Non-Executive and Non-Independent Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Mr McGrath currently holds a direct interest of 47,175 units in AIMS AMP Capital Industrial REIT. |
| Past (for the last 5 years) | Please refer to Appendix 1 |
| Present | Please refer to Appendix 1 |
Attachments
Appendix 1 (Size: 16,014 bytes)