Change - Announcement of Cessation::Announcement of Resignation of Independent Director
Issuer & Securities
FSL TRUST MANAGEMENT PTE. LTD.
FIRST SHIP LEASE TRUST - SG1U66934613 - D8DU
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Announcement of Resignation of Independent Director
Submitted By (Co./ Ind. Name)
Investor and Public Relations Manager
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director (following press release issued on 1 July 2014)
Name Of Person
Michael John Montesano III
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Resignation, to focus on new professional responsibilities
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 Director of the Board of Directors and member of the Audit Committee
Role and responsibilities
Mr Montesano served as Independent Director of the Trustee-Manager of FSL Trust, FSL Trust Management Pte. Ltd. (the "TM"). Mr Montesano also served as a member of the Audit Committee of the TM
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?
13,200 units in FSL Trust
Past (for the last 5 years)