News
Change - Announcement Of Cessation Of Appointment Of Non-Executive And Independent Director
Jan 28, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 28, 2022 22:47 |
| Status | New |
| Announcement Sub Title | Cessation of Appointment of Non-Executive and Independent Director |
| Announcement Reference | SG220128OTHRFN14 |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Paul Gilbert Say as a Non-Executive and Independent Director on the Board and as a member of the Audit, Risk and Compliance Committee. |
| Additional Details | |
| Name Of Person | Paul Gilbert Say |
| Age | 62 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/01/2022 |
| Detailed Reason (s) for cessation | Mr Say has served as a Non-Executive and Independent Director of Frasers Logistics & Commercial Asset Management Pte. Ltd. ("FLCAM"), the manager of Frasers Logistics & Commercial Trust ("FLCT") since 26 May 2016 and is retiring from the Board of FLCAM. The Board expresses its appreciation to Mr Say for his dedication and invaluable contribution during his tenure of service. |
| 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 | 26/05/2016 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director and a member of the Audit, Risk and Compliance Committee. |
| Role and responsibilities | As above. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed interested in 165,000 units in FLCT |
| Past (for the last 5 years) | Nil |
| Present | 1. Independent Non-Executive Director of Cedar Woods Properties Limited 2. Independent Non-Executive Director of ALE Property Group 3. Non-Executive Director of Cameron Brae Group 4. Director/Sole Trader of Stratum Pty Ltd 5. Board Member of Women's Community Shelters 6. Panel Member of NSW Urban Growth Advisory Board |
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