News

Change - Announcement Of Cessation Of Non-Executive Non-Independent Director - Carl Gabriel Florian Stubbe

BackOct 26, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Oct 26, 2018 20:50
Status New
Announcement Sub Title Cessation of Non-Executive Non-Independent Director - Carl Gabriel Florian Stubbe
Announcement Reference SG181026OTHR3AVM
Submitted By (Co./ Ind. Name) Victor Tan Kok Mian
Designation Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Cessation of Mr Carl Gabriel Florian Stubbe as Non-Executive Non-Independent Director, Chairman of the Board and Audit Committee member
Additional Details
Name Of Person Carl Gabriel Florian Stubbe
Age 42
Is effective date of cessation known? Yes
If yes, please provide the date 26/10/2018
Detailed Reason (s) for cessation The resignation of Mr Carl Gabriel Florian Stubbe was part of the completion of the change in controlling shareholder of Bowsprit Capital Corporation Limited, as manager of First Real Estate Investment Trust.

Consequently, Mr Carl Gabriel Florian Stubbe also relinquished his position as Non-Executive Non-Independent Director, Chairman of the Board and Audit Committee member.
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 11/05/2017
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 0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive Non-Independent Director, Chairman of the Board and Audit Committee member
Role and responsibilities Non-Executive
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) OUE Commercial REIT Management Pte. Ltd.
Present None

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