Change - Announcement of Cessation::Cessation of service as President & Group Chief Executive Officer

Issuer & Securities

Issuer/ Manager
CAPITALAND LIMITED
Securities
CAPITALAND LIMITED - SG1J27887962 - C31
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Jun-2018 20:02:07
Status
New
Announcement Sub Title
Cessation of service as President & Group Chief Executive Officer
Announcement Reference
SG180601OTHR2BC8
Submitted By (Co./ Ind. Name)
Michelle Koh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The attached announcement issued by CapitaLand Limited on the above matter is for information.

Additional Details

Name Of Person
Lim Ming Yan
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2018
Detailed Reason (s) for cessation
Mr Lim Ming Yan has given notice to the Board to retire as President & Group Chief Executive Officer of CapitaLand Limited. His last day of service will be 31 December 2018. The Board has accepted Mr Lim's notice of retirement. The Board thank him for his many years of dedicated service and contributions to the CapitaLand Group and wish him success in his future endeavours. Mr Lim remains as President & Group Chief Executive Officer until his retirement takes effect and will be working closely with the Board to achieve a smooth transition.

The new CEO will be announced when the appointment is made.


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
01/01/2013
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)
9
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
President & Group Chief Executive Officer
Role and responsibilities
As President & Group Chief Executive Officer, Mr Lim has full executive responsibilities to manage the CapitaLand Group s business and to develop and implement Board approved strategies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
CapitaLand Limited - 2,485,371 shares
Past (for the last 5 years)
Please see attached Appendix A
Present
Please see attached Appendix B

Attachments

AppendixA.pdf
AppendixB.pdf
Total size =58K