Change - Announcement Of Retirement Of Independent Director

BackApr 17, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 17, 2017 17:56
Status New
Announcement Sub Title Retirement of Independent Director
Announcement Reference SG170417OTHRI17N
Submitted By (Co./ Ind. Name) Dr Ronnie Tan Keh Poo
Designation Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Retirement of Mr Albert Saychuan Cheok as Independent Director
Additional Details
Name Of Person Albert Saychuan Cheok
Age 67
Is effective date of cessation known? Yes
If yes, please provide the date 17/04/2017
Detailed Reason (s) for cessation Mr Albert Saychuan Cheok was appointed as an Independent Director of Bowsprit Capital Corporation Limited on 17 May 2006 and has served on the Board for a continuous period of more than nine years. For compliance with the enhanced regulatory requirements on independence issued by the Monetary Authority of Singapore, Mr Cheok has stepped down with effect from 17 April 2017.
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 17/05/2006
Does the AC have a minimum of 3 members (taking into account this cessation)? No
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Director, Chairman of the Board, Chairman of the Audit Committee and a member of the Nominating & Remuneration Committee
Role and responsibilities Non-executive. Independent Director, Chairman of the Board, Chairman of the Audit Committee and a member of the Nominating & Remuneration Committee
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? Yes
Shareholding Details Mr Cheok holds 1,178,931 units in First REIT
Past (for the last 5 years) AP Fund Management Pte Ltd
Auric Chun Yip Sdn Bhd
Auric Pacific (M) Sdn Bhd
Confidence Driven Sdn Bhd
Delifrance (Malaysia) Sdn Bhd
Delifrance Food (M) Sdn Bhd
Auric Pacific Food Processing Sdn Bhd
Metal Reclamation Bhd
Macau Chinese Bank Limited
AcrossAsia Limited
Present LMIRT Management Ltd.
HongKong Chinese Limited
Amplefield Limited
Auric Pacific Group Limited
International Standard Resources Holdings Limited
Adavale Resources Limited
China Aircraft Leasing Group Holdings Limited

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