Change - Announcement of Cessation::Cessation of Appointment of Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
FRASERS LOGISTICS & INDUSTRIAL ASSET MANAGEMENT PTE. LTD.
Securities
FRASERS LOGISTICS&IND TRUSTAUD - SG1CI9000006 - BWQU
FRASERS LOGISTICS & IND TRUST - SG1CI9000006 - BUOU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Feb-2019 20:20:07
Status
New
Announcement Sub Title
Cessation of Appointment of Non-Executive and Non-Independent Director
Announcement Reference
SG190208OTHR6A50
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Appointment of Mr Lim Ee Seng as a Non-Executive and Non-Independent Director on the Board.

Additional Details

Name Of Person
Lim Ee Seng
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
11/02/2019
Detailed Reason (s) for cessation
Mr Lim has served as a Non-Executive and Non-Independent Director of Frasers Logistics & Industrial Asset Management Pte. Ltd. ("FLIAM"), the manager of Frasers Logistics & Industrial Trust ("FLT") since 7 July 2015 and is stepping down from the Board of FLIAM as part of a planned transition. The Board expresses its appreciation to Mr Lim for his dedication and invaluable contribution during his tenure of service.
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
07/07/2015
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director
Role and responsibilities
As a member of the Board of Directors of FLIAM, the manager of FLT, Mr Lim Ee Seng is, together with the other directors, entrusted with the overall strategic direction, leadership and oversight of FLIAM and FLT, including establishing and monitoring risk management practices and corporate governance practices.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
440,000 units in FLT
Past (for the last 5 years)
Please see attachment.
Present
Please see attachment.

Attachments