Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF INDEPENDENT DIRECTOR AND CHAIRMAN OF THE AUDIT & RISK COMMITTEE

Issuer & Securities

Issuer/ Manager
SB REIT MANAGEMENT PTE. LTD.
Securities
SOILBUILD BUSINESS SPACE REIT - SG2G07995670 - SV3U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-May-2015 18:50:47
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF INDEPENDENT DIRECTOR AND CHAIRMAN OF THE AUDIT & RISK COMMITTEE
Announcement Reference
SG150507OTHRDM3X
Submitted By (Co./ Ind. Name)
Shane Hagan
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director and Audit Committee Member.

Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited were the joint global coordinators, issue managers, bookrunners & underwriters of the initial public offering of Soilbuild Business Space REIT.

Additional Details

Name Of Person
Benedict Andrew Lim Wee Yong
Age
46
Is effective date of cessation known?
Yes
If yes, please provide the date
07/05/2015
Detailed Reason (s) for cessation
To pursue new business 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?
Yes
If Yes, Please provide full details
An application for replacement of independent director has been submitted to the Monetary Authority of Singapore for approval.
Date of Appointment to current position
26/07/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and Chairman of the Audit & Risk Committee.
Role and responsibilities
Apart from serving as a Director and assisting with the strategy and direction of Soilbuild Business Space REIT ("Soilbuild REIT"), Mr Lim was also responsible for monitoring and evaluating SB REIT Management Pte. Ltd.'s Compliance, Internal Controls, Financial and Risk Management Functions.
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
Direct interest of 100,000 units in Soilbuild REIT and deemed interest of 30,000 units in Soilbuild REIT held by his spouse.
Past (for the last 5 years)
Nil
Present
Nil