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Change - Announcement Of Cessation Of Independent Non-Executive Director, Lead ID And Audit And Risk Committee Chairman

BackApr 26, 2017
Other Issuer(s) for Stapled Security
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 26, 2017 7:31
Status New
Announcement Sub Title Cessation of Independent Non-Executive Director, Lead ID and Audit and Risk Committee Chairman
Announcement Reference SG170426OTHRA9TM
Submitted By (Co./ Ind. Name) Enid Ling Peek Fong
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Cessation of Independent Non-Executive Director who is the Lead Independent Director and Chairman of the Audit and Risk Committee
Additional Details
Name Of Person Lim Yin Nee Jenny
Age 63
Is effective date of cessation known? Yes
If yes, please provide the date 26/04/2017
Detailed Reason (s) for cessation Ms Lim Yin Nee Jenny, having served more than 9 years as an Independent Director, is stepping down from the Boards and the Audit and Risk Committees of M&C REIT Management Limited (the Manager of CDL Hospitality Real Estate Investment Trust) (the "H-REIT Manager") and M&C Business Trust Management Limited (the Trustee-Manager of CDL Hospitality Business Trust) (the "HBT Trustee-Manager") to comply with the requirements of the definition of 'Independent Director' set out in the Securities and Futures (Licencing and Conduct of Business) Regulations issued by the Monetary Authority of Singapore.
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 22/05/2006
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 3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Lead Independent Director and Chairman of the Audit and Risk Committees of the H-REIT Manager and the HBT Trustee-Manager
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 NIL
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) NIL
Present NIL