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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 | |
| Name DBS TRUSTEE LIMITED |
|
| 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 |
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