News
Change - Announcement Of Resignation Of Deputy Chairman And Non-Independent Non-Executive Director
BackAug 31, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 31, 2020 19:04 |
| Status | New |
| Announcement Sub Title | Resignation of Deputy Chairman and Non-Independent Non-Executive Director |
| Announcement Reference | SG200831OTHRLD91 |
| Submitted By (Co./ Ind. Name) | Tan Shu Lin |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Christopher James Williams as Deputy Chairman and Non-Independent Non-Executive Director. Following his resignation, Mr Williams will also cease to serve as a member of the Nominating and Remuneration Committee ("NRC") of OUE Commercial REIT Management Pte. Ltd. (the "Manager"). |
| Additional Details | |
| Name Of Person | Christopher James Williams |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/09/2020 |
| Detailed Reason (s) for cessation | Mr Christopher James Williams is stepping down as Deputy Chairman and Non-Independent Non-Executive Director of the Manager as part of a board renewal process. |
| 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 | 25/10/2013 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Deputy Chairman and Non-Independent Non-Executive Director and Member of the NRC |
| Role and responsibilities | Deputy Chairman and Non-Independent Non-Executive Director and 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? | Yes |
| Shareholding Details | 982,041 Units in OUE Commercial Real Estate Investment Trust held by Idaman Investments Ltd. (owned by a trust which the beneficiaries include the wife and two children of Mr Christopher James Williams) |
| Past (for the last 5 years) | 1. OUE Hospitality REIT Management Pte. Ltd. 2. OUE Lippo Limited 3. OUE Commercial REIT Management Pte. Ltd. |
| Present | 1. First REIT Management Limited 2. HWB (Corporate Services) Limited 3. HWB (Property) Limited 4. HWB (Services) Limited 5. Jadespeed Limited 6. OUB Centre Limited 7. OUE Hospitality Trust Management Pte. Ltd. 8. OUE Limited 9. Staraward Limited |
