Change - Announcement of Cessation::Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Hospitality
Issuer & Securities
FRASERS PROPERTY LIMITED
FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Hospitality
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Cessation of Appointment as Chief Executive Officer, Frasers Hospitality
Name Of Person
Choe Peng Sum
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Choe will retire as the Chief Executive Officer, Frasers Hospitality on 15 February 2019, and will assume the role of Senior Adviser to Frasers Property Limited (the "Company") with effect from 16 February 2019. The Board of the Company thanks him for his many years of dedicated service and contributions to the Frasers Property Group. The Company is in the process of recruiting Mr Choe's successor, and an announcement will be made in due course. Please also refer to the attached press release for more information.
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.)
Chief Executive Officer, Frasers Hospitality
Role and responsibilities
The Chief Executive Officer, Frasers Hospitality is responsible for the Group's hospitality business unit. He oversees the Group's hospitality business from investment and business development, to global expansion of its chain of serviced residences and hotels worldwide.
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?
1,375,809 ordinary shares in the Company.
Mr Choe holds 423,000 awards under the Company's Restricted Share Plan ("FPL RSP") and 145,800 awards under its Performance Share Plan ("FPL PSP"), pursuant to which up to 541,800 shares in the Company ("Shares") under the FPL RSP and up to 291,600 Shares under the FPL PSP may be vested or delivered.
Past (for the last 5 years)
Please see Attachment 1.
Please see attachment 1.
FPL Press Release_Retirement.pdf
Attachment 1_Past and Present Directorships.pdf
Total size =134K