Change - Announcement of Cessation::Cessation as Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
SABANA REAL ESTATE INVESTMENT MANAGEMENT PTE. LTD.
Securities
SABANA SHARI'AH COMPLIANT REIT - SG2C57965205 - M1GU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-May-2017 18:53:50
Status
New
Announcement Sub Title
Cessation as Chief Executive Officer and Executive Director
Announcement Reference
SG170509OTHR2I1B
Submitted By (Co./ Ind. Name)
Kevin Xayaraj
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Please see attached.

Additional Details

Name Of Person
Kevin Xayaraj
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2017
Detailed Reason (s) for cessation
To address unitholders' feedback and to pave a way for change and new leadership.
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
15/03/2010
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.)
Co-founder, Chief Executive Officer and Executive Director
Role and responsibilities
Mr Xayaraj is the Chief Executive Officer and Executive Director of the REIT Manager, Sabana Real Estate Investment Management Pte. Ltd.
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
41,242,726 Units (deemed interest)
Past (for the last 5 years)
Nil
Present
Blackwood Investment Pte. Ltd.
Sabana Investment Partners Pte. Ltd.
Sabana Property Management Pte. Ltd.
Sabana Real Estate Investment Management Pte. Ltd.