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Change - Announcement Of Cessation :: Resignation Of Lead Independent Non-Executive Director

BackSep 29, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Sep 29, 2017 19:20
Status New
Announcement Sub Title Resignation of Lead Independent Non-Executive Director
Announcement Reference SG170929OTHR1U17
Submitted By (Co./ Ind. Name) Ng Ngai
Designation Company Secretary, OUE Commercial REIT Management Pte. Ltd. (as Manager of OUE Commercial REIT)
Description (Please provide a detailed description of the event in the box below) Resignation of Mr Ng Lak Chuan as Lead Independent Non-Executive Director. Following his resignation, Mr Ng will also cease to serve as the Chairman of the Audit and Risk Committee ("ARC") and a member of the Nominating and Remuneration Committee ("NRC") of OUE Commercial REIT Management Pte. Ltd. (the "Manager").
Additional Details
Name Of Person Ng Lak Chuan
Age 54
Is effective date of cessation known? Yes
If yes, please provide the date 29/09/2017
Detailed Reason (s) for cessation Mr Ng Lak Chuan is stepping down as a director of the Manager to pursue personal interests.
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 08/01/2014
Does the AC have a minimum of 3 members (taking into account this cessation)? No
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 2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Lead Independent Non-Executive Director, Chairman of the ARC and a Member of the NRC
Role and responsibilities Lead Independent Non-Executive Director, Chairman of the ARC and a Member of the NRC
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) 1. Deep Ocean Development Ltd
2. Thriving Capital Venture Ltd
Present 1. Mega Cheer Investments Limited
2. MSIG Insurance (Singapore) Pte. Ltd.

Attachments

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