Change - Announcement of Cessation::RESIGNATION OF CHIEF EXECUTIVE OFFICER
Issuer & Securities
IREIT GLOBAL GROUP PTE. LTD.
IREIT GLOBAL - SG1AB8000006 - UD1U
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF CHIEF EXECUTIVE OFFICER
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Description (Please provide a detailed description of the event in the box below)
Resignation of Chief Executive Officer
Name Of Person
Is effective date of cessation known?
If No, please advise when the date will be announced
The effective date of Mr Itzhak Sella's cessation as Chief Executive Officer would be announced on a later date.
Detailed Reason (s) for cessation
Mr Itzhak Sella resigned as the Executive Director and Chief Executive Officer of the Company following completion of the sale of 80% of the shares of IREIT Global Group Pte. Ltd. (which is the manager of IREIT Global) pursuant to the terms of the Share Purchase Agreement dated 5 October 2016.
The effective date of Mr Itzhak Sella's resignation as Executive Director is 11 November 2016. The effective date of Mr Itzhak Sella's cessation as Chief Executive Officer would be announced on a later date.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
Role and responsibilities
Executive. Responsible for strategic planning, overall day-to-day management and operations of the Manager.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
1,450 Units in IREIT Global
Past (for the last 5 years)
Laughing Rock 10 B.V.
IREIT Global Group Pte. Ltd.
IREIT Global Holdings Pte. Ltd.
IREIT Global Holdings 1 Pte. Ltd.
IREIT Global Holdings 2 Pte. Ltd.
IREIT Global Holdings 3 Pte. Ltd.
IREIT Global Holdings 4 Pte. Ltd.
IREIT Global Investments Pte. Ltd.
IREIT Global Investments 1 Pte. Ltd.
IREIT Global Investments 2 Pte. Ltd.
IREIT Global Investments 3 Pte. Ltd.
IREIT Global Investments 4 Pte. Ltd.
Sella Capital Investments Ltd
Sella Holdings Pte. Ltd.
IREIT Global Management Pte. Ltd.
Laughing Rock 1 B.V.
Laughing Rock 2 B.V.
Laughing Rock 3 B.V.
Laughing Rock 4 B.V.
Laughing Rock 5 B.V.
Laughing Rock 6 B.V.
Laughing Rock 7 B.V.
Laughing Rock 8 B.V.
Laughing Rock 9 B.V.
Laughing Rock 11 B.V.
Laughing Rock 12 B.V.
Laughing Rock 13 B.V.
Laughing Rock 14 B.V.