Change - Announcement of Cessation::Retirement of Director

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Apr-2015 19:41:22
Status
New
Announcement Sub Title
Retirement of Director
Announcement Reference
SG150422OTHREUIC
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Retirement of Independent Director at AGM

Additional Details

Name Of Person
Foo See Juan
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
22/04/2015
Detailed Reason (s) for cessation
Mr Foo See Juan, who was due to retire at the 52nd Annual General Meeting of the Company (AGM) pursuant to Section 153(6) of the Companies Act, Chapter 50 of Singapore did not seek re-appointment as a Director at the AGM. Consequent thereto, Mr Foo ceased to act as a Member of the Audit & Risk Committee and a Member of Nominating Committee, following the conclusion of the AGM.
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
02/06/1986
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-executive and Independent Director, Member of Audit & Risk Committee and Member of Nominating 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
Direct/Deemed Interest in City Developments Limited (CDL): Nil

Direct Interest in Subsidiaries of CDL:
(a) City e-Solutions Limited - 8,363 ordinary shares of HK$1 each
Past (for the last 5 years)
1. Grand Waterfront Pte Ltd (liquidated in May 2011)
2. Spring Grove Development Pte Ltd (liquidated in January 2013)
3. CBM Pte. Ltd.
Present
1. Republic Plaza City Club (Singapore) Pte Ltd
2. Singapura Developments (Private) Limited