ANNOUNCEMENT OF APPOINTMENT OF ASSISTANT CHIEF EXECUTIVE OFFICER
* Asterisks denote mandatory information
Name of Announcer *ASCENDAS PROPERTY FUND TRUSTEE PTE. LTD.
Company Registration No.200412730D
Announcement submitted on behalf of ASCENDAS INDIA TRUST
Announcement is submitted with respect to *ASCENDAS INDIA TRUST
Announcement is submitted by *Mary Judith de Souza
Designation *Company Secretary
Date & Time of Broadcast15-Jan-2014 17:34:56
Announcement No.00047
 
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Date of Appointment * 15/01/2014
Name of person * Sanjeev Dasgupta
Age * 46
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 Ascendas Property Fund Trustee Pte. Ltd. ("APFT") has reviewed Mr Dasgupta's appointment as recommended by Management, and agreed that he is well qualified, experienced and capable to perform as Assistant CEO, in view of his 22 years of experience in corporate finance and related areas, of which the last 9 years have been in senior leadership roles in fund management and real estate industry.
Whether appointment is executive, and if so, the area of responsibility * The appointment is an executive appointment. Mr Dasgupta's key responsibilities include overseeing corporate development, finance, asset and investment management, and investor relations functions.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Assistant Chief Executive Officer
Working experience and occupation(s) during the past 10 years * From 2009 to 2014, Mr Dasgupta was President of Real Estate at ICICI Venture, where he was responsible for real estate private equity investments. The company is one of Indias leading fund managers. The real estate funds under management were approximately USD 600 million. From 2005 to 2009, Mr Dasgupta was Managing Director of Future Capital Holdings Limited. He managed investments for the real estate private equity funds of approximately USD 430 million. From 2004, Mr Dasgupta worked with Epicenter Technologies Pvt. Ltd. as CFO and with Essar Group.
Interest * in the listed issuer and its subsidiaries * Nil
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) * None
 
>> OTHER DIRECTORSHIP
# 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) Lodha Elevation Buildcon Pvt. Ltd.
Updater Services (P) Ltd.
Jubilee Hills Landmark Pvt. Ltd.
TSI Homes (Chennai) Pvt. Ltd.
TSI Business Park (Hyderabad) Pvt. Ltd.
Bansi Mall Management Co. Pvt. Ltd.
Classic Mall Development Co. Pvt. Ltd.
BLB Mall Management Co. Pvt. Ltd.
Naman Mall Management Co. Pvt. Ltd.
Anushta Mall Management Co. Pvt. Ltd.
Suhani Mall Management Co. Pvt.Ltd.
Classic Housing Projects Pvt. Ltd.
Avruti Mall Management Co. Pvt. Ltd.
Shagun Mall Management Co. Pvt. Ltd.
Kyal Trading Pvt. Ltd.
Pavitra Mall Management Co. Pvt. Ltd.
Nirvana Mall Management Co. Pvt. Ltd.
Shivam Mall Management Co. Pvt. Ltd.
Mytra Mall Management Co. Ltd.
Kshitij Mall Management Pvt. Ltd.
Kshitij Property Solutions Pvt. Ltd.
Peevees Projects Pvt. Ltd.
Rampal Trading Pvt. Ltd.
Divya Business Concepts Pvt. Ltd.
Shreya Mall Management Pvt. Ltd.
Anika Merchants & Traders Pvt. Ltd.
Destination Industrial Parks Pvt. Ltd.
Acme Realty Developers Pvt. Ltd.
Precision Realty Developers Pvt. Ltd.
Anant Merchants & Traders Pvt. Ltd.
Rajlaxmi Griha Nirman Pvt. Ltd.
Maverick Properties Pvt. Ltd.
Gulmohar Park Mall Pvt. Ltd.
Maniam Properties Pvt. Ltd.
Faces Cosmetics India Pvt. Ltd.
Panah Merchants & Traders Pvt. Ltd.
Aksi Wholesalers Pvt. Ltd.
Barkha Enterprises Pvt. Ltd.
Tikona Digital Holdings Pvt. Ltd.
Skyscapes Hotels Pvt. Ltd.
City Realty and Development Pvt. Ltd.
Amba Highrise Pvt. Ltd.
Devbhumi Realtors Pvt. Ltd.
Island Star Mall Developers Pvt. Ltd.
Goldmohur Design & Apparel Park Ltd.
Gupta Infrastructure (India) Pvt. Ltd.
Starboard Hotels Pvt. Ltd.
Chennai Residential Developers Pvt. Ltd.

Present None
 
>> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)
Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.
(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; orYes
From 24/1/2007 to 12/11/2009, Mr Dasgupta was on the Board of Rajlaxmi Griha Nirman Pvt. Ltd., a Special Purpose Vehicle (SPV) incorporated in India for a development project (the Project). Mr Dasgupta was a nominee Director of the SPV, having been appointed by an investor in the Project but he was not involved in the management of the SPV. There were certain inadvertent administrative lapses by the SPV under the Companies Act, most of which have been rectified. Only two items remain under review and are currently being resolved by the SPV, specifically the corporate filing of a directorship appointment, and the appointment of a full time company secretary within the prescribed timeline. These are expected to be resolved soon.
(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
 
>> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(I)
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
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