Change - Announcement of Cessation::Announcement of Cessation as Chief Executive Officer

Issuer & Securities

Issuer/ Manager
FRASERS CENTREPOINT ASSET MANAGEMENT (COMMERCIAL) LTD.
Securities
FRASERS COMMERCIAL TRUST - SG2C81967185 - ND8U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2016 19:02:53
Status
New
Announcement Sub Title
Announcement of Cessation as Chief Executive Officer
Announcement Reference
SG161230OTHR76WB
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as Chief Executive Officer

Additional Details

Name Of Person
Low Chee Wah
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2017
Detailed Reason (s) for cessation
As announced on 8 November 2016, Mr Low will be stepping down as the Chief Executive Officer of Frasers Centrepoint Asset Management (Commercial) Ltd. ("FCAMC") as part of succession planning.
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
14/08/2008
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
The Chief Executive Officer has full executive responsibilities over the business direction and operations of FCAMC, and is responsible for the execution of the Board's adopted strategies and policies.
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
Deemed Interest in 60,000 units in Frasers Commercial Trust
Past (for the last 5 years)
Please see attachment
Present
Please see attachment

Attachments

FCOT_LCW_Present_and_Past_Directorships.pdf
Total size =7K