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Change - Announcement Of Retirement Of Executive Director And Chief Executive Officer

BackMay 19, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast May 19, 2017 17:24
Status New
Announcement Sub Title Retirement of Executive Director and Chief Executive Officer
Announcement Reference SG170519OTHRTRUK
Submitted By (Co./ Ind. Name) Carl Gabriel Florian Stubbe
Designation Chairman of the Board
Description (Please provide a detailed description of the event in the box below) Retirement of Dr Ronnie Tan Keh Poo as Executive Director and Chief Executive Officer
Additional Details
Name Of Person Dr Ronnie Tan Keh Poo
Age 63
Is effective date of cessation known? Yes
If yes, please provide the date 19/05/2017
Detailed Reason (s) for cessation As part of the succession planning of Bowsprit Capital Corporation Limited, as Manager of First Real Estate Investment Trust (the "Manager"), Dr Ronnie Tan Keh Poo will retire from his role as Executive Director and Chief Executive Officer of the Manager
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)? 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 2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director and Chief Executive Officer
Role and responsibilities Full executive responsibilities over business direction and operational decisions in the day-to-day management of the Manager
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 12,118,765 units
Past (for the last 5 years) Please refer to Annexure A
Present Allgreat Pte Ltd

Attachments

  1. Annexure A (Size: 14,369 bytes)

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