Change - Announcement of Cessation::Resignation of Independent Non-Executive Director
Issuer & Securities
OUE COMMERCIAL REIT MANAGEMENT PTE. LTD.
OUE COMMERCIAL REIT - SG2G60000004 - TS0U
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Independent Non-Executive Director
Submitted By (Co./ Ind. Name)
Company Secretary, OUE Commercial REIT Management Pte. Ltd. (as Manager of OUE Commercial REIT)
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Carl Gabriel Florian Stubbe as Independent Non-Executive Director. Following his resignation, Mr Stubbe will also cease to serve as the Chairman of the Nominating and Remuneration Committee ("NRC") and a Member of the Audit and Risk Committee ("ARC") of OUE Commercial REIT Management Pte. Ltd. (the "Manager").
Name Of Person
Carl Gabriel Florian Stubbe
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Stubbe is stepping down as a Director of the Manager so as to pursue other career opportunities with the Sponsor, OUE Limited. In the spirit of good corporate governance, both the Manager and Mr Stubbe are of the view that Mr Stubbe should resign from his position as an Independent Non-Executive Director.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the NRC and a Member of the ARC
Role and responsibilities
Independent Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Peredigm Private Limited
Bowsprit Capital Corporation Limited