Change - Announcement of Cessation::Cessation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
M&C REIT MANAGEMENT LIMITED
Securities
CDL HOSPITALITY TRUSTS - SG1T66931158 - J85
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Name
DBS TRUSTEE LIMITED

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Oct-2022 17:49:34
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG221018OTHRVBPV
Submitted By (Co./ Ind. Name)
Soo Lai Sun
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ronald Seah Lim Siang as Independent Non-Executive Director, the Chairman of the Nominating and Remuneration Committees and Member of the Audit and Risk Committees.

Additional Details

Name Of Person
Ronald Seah Lim Siang
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
20/10/2022
Detailed Reason (s) for cessation
Mr Ronald Seah Lim Siang is stepping down from the Board of M&C REIT Management Limited, manager of CDL Hospitality Real Estate Investment Trust ("H-REIT Manager"), and the Board of M&C Business Trust Management Limited, trustee-manager of CDL Hospitality Business Trust ("HBT Trustee-Manager") as he would have served on both Boards as an independent director for nine years on 20 October 2022. Mr Seah will concurrently cease to be the Chairman of the Nominating and Remuneration Committees and member of the Audit and Risk Committees of the H-REIT Manager and HBT Trustee-Manager.
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
21/10/2013
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Nominating and Remuneration Committee and Member of Audit and Risk Committee
Role and responsibilities
As above
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?
No
Other Directorships
Past (for the last 5 years)
PGG Wrightson Limited
Yanlord Land Group Limited
Global Investments Limited
LifeHealth Group Limited
LifeClinic Limited
LifeHub Limited
Present
Telechoice International Limited
Nucleus Connect Pte. Ltd.
Soft Capital SG
Straits Investment Management Pte. Ltd.