Change - Announcement of Appointment::Appointment of Mr Ronald Issen as Non-independent And Non-executive Director

Issuer & Securities

Issuer/ Manager
M&C REIT MANAGEMENT LIMITED
Securities
CDL HOSPITALITY TRUSTS - SG1T66931158 - J85

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
07-Apr-2014 17:22:12
Status
New
Announcement Sub Title
Appointment of Mr Ronald Issen as Non-independent And Non-executive Director
Announcement Reference
SG140407OTHRPBG5
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)
Appointment of Mr Ronald Issen as Non-independent And Non-executive Director

Additional Details

Date Of Appointment
07/04/2014
Name Of Person
Ronald Issen
Age
52
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of M&C REIT Management Limited ("MRM") and M&C Business Trust Management Limited ("MBTM"), the Manager of CDL Hospitality Real Estate Investment Trust and the Trustee-Manager of CDL Hospitality Business Trust respectively, approved the appointment of Mr Ronald Issen as Non-independent and Non-executive director of MRM and MBTM after taking into consideration Mr Issen's extensive experience in advisory and consultancy services, including the identification and evaluation of potential investments and strategic partnerships.
Whether appointment is executive, and if so, the area of responsibility
No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-independent And Non-executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
Mr Issen is a non-executive director of Capella Hotel Group Asia Pte. Ltd ("Capella Asia"), a luxury hotel management company active in Asia. Mr Issen does not anticipate that conflicts with CDL Hospitality Trusts, which is in the business of acquiring income producing hospitality assets for its investment holdings, will arise. Should any conflict of interest arise of which he is reasonably aware, Mr Issen will make such conflict immediately known to the board of directors as soon as he is so reasonably aware so that he may recuse himself from such related discussions and/or decisions and resolutions as most appropriate.
Working experience and occupation(s) during the past 10 years
From 2003 to Current
Issen & Company Limited ? Managing Director & Company Director and Professional Consultant/self-employed (also doing business as "Issen & Company")
Provision of strategic and investment advisory services in the gaming/hospitality, food & beverage, real estate, commodities and tech fields, among others.

From 2007 to 2013
Apollo Global Management LLC ? Senior Advisor
Provision of consulting/advisory services to international private equity group, based in Hong Kong.

From 2005 to 2007
eSun Holdings Limited / Glynhill International Limited (part of Hong Kong's Lai Sun Group) ? Senior Executive Vice President & Member of the Management Executive Committee
General senior management duties related to gaming/hospitality and media/entertainment undertakings of Group.
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Please refer to the attached Appendix
Present
Please refer to the attached Appendix
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide full details
(i) Food Junction Holdings Limited (listed on SGX-ST) - Appointed as Non-Executive and Non-Independent Director, and served at various times on the Audit Committee, Nomination Committee, and Remuneration Committee

(ii) City e-Solutions Limited (listed on HKSE) - Appointed as Non-Executive Director and Deputy Chairman

Attachments

APPENDIX.pdf
Total size =13K