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 |