Change - Announcement of Cessation::Cessation of Lead Independent Director

Issuer & Securities

Issuer/ Manager
KEPPEL DC REIT MANAGEMENT PTE. LTD.
Securities
KEPPEL DC REIT - SG1AF6000009 - AJBU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-May-2025 12:17:08
Status
New
Announcement Sub Title
Cessation of Lead Independent Director
Announcement Reference
SG250506OTHR0NPP
Submitted By (Co./ Ind. Name)
Chiam Yee Sheng / Darren Tan
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Kwan Yew Kwong Kenny as Lead Independent Director of Keppel DC REIT Management Pte. Ltd. (the manager of Keppel DC REIT). He will concurrently cease as the Chairman of the Nominating and Remuneration Committee.

Additional Details

Name Of Person
Kwan Yew Kwong Kenny
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
06/05/2025
Detailed Reason (s) for cessation
Keppel Capital Holdings Pte. Ltd. had on 1 July 2016 provided an undertaking to Perpetual (Asia) Limited, the trustee of Keppel DC REIT, to procure Keppel DC REIT Management Pte. Ltd., the manager of Keppel DC REIT ("Manager"), to seek Unitholders' re-endorsement for the appointment of each Director no later than every third AGM of Keppel DC REIT after the relevant general meeting at which such Director's appointment was last endorsed or re-endorsed, as the case may be.

In accordance with the Unitholders' vote on Resolution 3 at the AGM of Keppel DC REIT held on 15 April 2025, Mr Kenny Kwan is resigning as director of the 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
28/02/2019
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)
4
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.)
Lead Independent Director and Chairman of the Nominating and Remuneration 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?
Yes
Shareholding Details
44,851 Units in Keppel DC REIT
Past (for the last 5 years)
Nil.
Present
1. Micro-Mechanics (Holdings) Ltd.
2. M1 Network Private Limited

Attachments

Changes to the composition of the Board and Board Committees.pdf
Total size =173K