Change - Announcement of Cessation::Resignation of Director and Non-Independent Non-Executive Deputy Chairman

Issuer & Securities

Issuer/ Manager
EAGLE HOSPITALITY REIT MANAGEMENT PTE. LTD.
Securities
EAGLE HOSPITALITY TRUST - SGXC28500103 - LIW
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-May-2020 12:10:00
Status
New
Announcement Sub Title
Resignation of Director and Non-Independent Non-Executive Deputy Chairman
Announcement Reference
SG200526OTHRX5PA
Submitted By (Co./ Ind. Name)
Salvatore Gregory Takoushian
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Director and Non-Independent Non-Executive Deputy Chairman

DBS Bank Ltd. was the sole financial adviser and issue manager for the initial public offering of Eagle Hospitality Trust.

Additional Details

Name Of Person
Taylor Ronald Woods
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
26/05/2020
Detailed Reason (s) for cessation
Please refer to the letter from Urban Commons, LLC addressed to the Board of Directors of Eagle Hospitality REIT Management Pte. Ltd. released on SGXNET on 20 May 2020.
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?
Yes
If Yes, Please provide full details
Please refer to the letter from Urban Commons, LLC addressed to the Board of Directors of Eagle Hospitality REIT Management Pte. Ltd. released on SGXNET on 20 May 2020.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
30/08/2018
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director, Non-Independent Non-Executive Deputy Chairman and Nominating and Remuneration Committee Member

Role and responsibilities
Assist the Chairman with the overall management of the Board of Eagle Hospitality REIT Management Pte. Ltd. and Eagle Hospitality Business Trust Management Pte. Ltd. as well as ensuring that the members of the Board of Eagle Hospitality REIT Management Pte. Ltd. and Management work together with integrity and competency, and that the Board of Eagle Hospitality REIT Management Pte. Ltd. engages Management in constructive debates on strategy, business operations, enterprise risk, and other plans.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
66,102,000 Stapled Securities in Eagle Hospitality Trust
Past (for the last 5 years)
Please refer to the attached.
Present
Please refer to the attached.

Attachments

Other Past and Present Directorships-Taylor.pdf
Total size =347K