Change - Announcement of Cessation::Cessation of Mr Wilson Tan as CEO and Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
CAPITALAND MALL TRUST MANAGEMENT LIMITED
Securities
CAPITALAND MALL TRUST - SG1M51904654 - C38U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2017 07:31:50
Status
New
Announcement Sub Title
Cessation of Mr Wilson Tan as CEO and Executive Non-Independent Director
Announcement Reference
SG170425OTHRC64Q
Submitted By (Co./ Ind. Name)
Lee Ju Lin, Audrey
Designation
Company Secretary, CapitaLand Mall Trust Management Limited
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Tan Wee Yan, Wilson as Chief Executive Officer, Executive Non-Independent Director and Member of the Executive Committee of CapitaLand Mall Trust Management Limited.

Additional Details

Name Of Person
Tan Wee Yan, Wilson
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
01/05/2017
Detailed Reason (s) for cessation
Mr Tan Wee Yan, Wilson will relinquish his role as Chief Executive Officer and Executive Director of the Company to assume another role within the CapitaLand Limited Group with effect from 1 May 2017. Mr Wilson Tan was appointed Chief Executive Officer on 1 July 2012 and has been integral in the growth of CapitaLand Mall Trust since then. The Board of Directors of the Company would like to express its thanks and appreciation to Mr Wilson Tan for his contributions to the Company.
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
01/07/2012
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)
5
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.)
Chief Executive Officer, Executive Non-Independent Director and Member of the Executive Committee
Role and responsibilities
The current position is executive in nature. Mr Tan had full executive responsibilities over the business directions and operational decisions of CapitaLand Mall Trust ("CMT") and is responsible for implementing CMT's strategies and policies and conducting CMT's business.
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
50,252 units in CapitaLand Mall Trust (own name)
Past (for the last 5 years)
Please see Appendix A
Present
Please see Appendix B

Attachments

Appendix_A_WT.pdf
Appendix_B_WT.pdf
Total size =17K