inverstor-relations

NewsPrint This

Change - Announcement Of Appointment Of Non-Executive Director

BackJan 08, 2019
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Jan 8, 2019 23:53
Status New
Announcement Sub Title Announcement on Appointment of Non-Executive Director
Announcement Reference SG190108OTHRDNQC
Submitted By (Co./ Ind. Name) Adrian Chui
Designation CEO & Executive Director
Description (Please provide a detailed description of the event in the box below) Please refer to attached announcement.
Additional Details
Date Of Appointment 08/01/2019
Name Of Person Wilson Ang Poh Seong
Age 53
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Mr Wilson Ang is one of the directors who will join ESR Funds Management (S) Limited ('ESR-FM') post-merger of ESR-REIT and Viva Industrial Trust ('VIT'). The Board of ESR-FM had reviewed Mr Wilson Ang Poh Seong's qualifications and work experience and supported his appointment as Non-Executive Director of ESR-FM on the basis of Mr Ang's extensive experience in REIT management, industrial property investment and consultancy services.
Whether appointment is executive, and if so, the area of responsibility Not Applicable
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive Director
Professional qualifications Nil
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Conflict of interests (including any competing business) Nil
Working experience and occupation(s) during the past 10 years Mr Ang has extensive experience in REIT management, industrial property investment and consultancy services. In his previous role, he focused on Industrial Investment Markets in Singapore and Asia, advising building owners, investors including REITs, private and institution funds on their real estate portfolio as well as servicing their real estate portfolio requirements across Asia.

Mr Ang co-founded Viva Industrial Trust Management Pte. Ltd.('VITM') the REIT Manager of VIT to spearhead the setting up of VIT. He was appointed the CEO and Executive Director of VITM and is also the director of Viva iTrust MTN Pte. Ltd., Viva Investment Management Pte. Ltd. and Maxi Capital Pte. Ltd.

Mr Ang co-founded Cambridge Industrial Trust Management Limited ('CITM') in 2005, the manager of Cambridge Industrial Trust ('CIT') where he was responsible for structuring and amalgamating a portfolio of industrial properties for the listing of CIT on the SGX-ST, negotiating with owners on terms and legal documentation, as well as working with all consultants on due diligence and overseeing the business development and growth of CIT's strategic business. He was the Managing Director (Investment) of CITM post listing of CIT in July 2006 where he was responsible for formulating investment strategies and growing the portfolio with a view to enhance CIT s portfolio. From 2007 to 2009, Mr Ang was Chief Executive Officer of CITM, where he was responsible for strategic planning, management and operation of CIT, as well as managing and overseeing the management team of CITM to ensure that the investment, asset management, financial and operational strategies and objectives of CIT are effectively implemented and in accordance with CITM's stated investment and operational strategies. Prior to co-founding CITM, Mr Ang was Executive Director and Head of the Industrial Division at Colliers International (Singapore) Pte. Ltd., where he was responsible for managing a team of marketing executives, formulating department strategies for the business and growth of the department, and engaging in industrial development consultancy and project marketing and industrial investment sales activities.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) Yes
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 3,631,736 ESR-REIT units
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years) Please refer to Appendix 1 below.
Present Please refer to Appendix 1 below.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? No
(c) Whether there is any unsatisfied judgment against him? No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? No
Any prior experience as a director of an issuer listed on the Exchange? Yes
If Yes, Please provide details of prior experience Mr Ang is the Executive Director, a Member of the Investment Committee and Chief Executive Officer of VITM, manager of VIT which is delisted on 22 October 2018. He is responsible for strategic planning, overall management and operations of VIT from 21 February 2012 till VIT's delisting date. Prior to that, he was appointed as Executive Director of CITM, Manager of CIT, from 18 September 2005 to 7 August 2008.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) Not applicable

Attachments

  1. Appendix 1 (Size: 103,621 bytes)