Change - Announcement Of Cessation Of Appointment Of Non-Executive And Non-Independent Director

Feb 08, 2019

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Feb 8, 2019 20:21
Status New
Announcement Sub Title Cessation of Appointment of Non-Executive and Non-Independent Director
Announcement Reference SG190208OTHRCO7B
Submitted By (Co./ Ind. Name) Catherine Yeo
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Cessation of Appointment of Mr Michael Bowden Newsom as a Non-Executive and Non-Independent Director on the Board.
Additional Details
Name Of Person Michael Bowden Newsom
Age 66
Is effective date of cessation known? Yes
If yes, please provide the date 11/02/2019
Detailed Reason (s) for cessation Mr Newsom has served as a Non-Executive and Non-Independent Director of Frasers Logistics & Industrial Asset Management Pte. Ltd. ("FLIAM"), the manager of Frasers Logistics & Industrial Trust ("FLT") since 26 May 2016 and is stepping down from the Board of FLIAM following the cessation of his employment with Frasers Property Australia Group on 31 January 2019. The Board expresses its appreciation to Mr Newsom 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) 1
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 Non-Independent Director
Role and responsibilities As a member of the Board of Directors of FLIAM, the manager of FLT, Mr Michael Bowden Newsom is, together with the other directors, entrusted with the overall strategic direction, leadership and oversight of FLIAM and FLT, including establishing and monitoring risk management practices and corporate governance practices.
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 66,000 units in FLT
Past (for the last 5 years) Please see attachment.
Present Please see attachment.

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