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Change - Announcement Of Cessation Of Non-Executive Director
BackMar 27, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 27, 2017 17:56 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Non-Executive Director |
| Announcement Reference | SG170327OTHR2DT9 |
| Submitted By (Co./ Ind. Name) | Adrian Chui |
| Designation | CEO & Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Michael Patrick Dwyer as Non-Executive Director of Cambridge Industrial Trust Management Limited. |
| Additional Details | |
| Name Of Person | Michael Patrick Dwyer |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/03/2017 |
| Detailed Reason (s) for cessation | Mr Dwyer has resigned from his position in the Company to take on a new board appointment with e-Shang Jupiter Cayman Limited, a privately held and wholly-owned subsidiary of e-Shang Redwood (ESR). Back in January 2017, ESR acquired 80 percent of the Manager from Oxley Global Limited and National Australia Bank's jointly owned entity, nabInvest Oxley Singapore Pte Ltd, effectively becoming CITM's new majority shareholder. |
| 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 | 07/08/2008 |
| 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 | 5 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Director of CITM |
| Role and responsibilities | Board member |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 50,000 CIT units |
| Past (for the last 5 years) | Please refer to attached. |
| Present | Please refer to attached. |
Attachments
- Directorships (Size: 43,106 bytes)
- Press Release (Size: 332,489 bytes)