Change - Announcement of Cessation::Announcement of Cessation of Non-Independent Non-Executive Chairman (Mr Timothy James Reid)

Issuer & Securities

Issuer/ Manager
FSL TRUST MANAGEMENT PTE. LTD.
Securities
FIRST SHIP LEASE TRUST - SG1U66934613 - D8DU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Mar-2018 22:08:59
Status
New
Announcement Sub Title
Announcement of Cessation of Non-Independent Non-Executive Chairman (Mr Timothy James Reid)
Announcement Reference
SG180309OTHR5CUP
Submitted By (Co./ Ind. Name)
Efstathios Topouzoglou
Designation
Non-Independent Non-Executive Director
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Non-Independent Non-Executive Chairman (Mr Timothy James Reid)

Additional Details

Name Of Person
Timothy James Reid
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
09/03/2018
Detailed Reason (s) for cessation
Mr Reid's role in the Trust was linked to the former owner of the Sponsor and with the change in Sponsor on 28 February 2018, he resigned as the Non-Executive Director and Chairman of the Board.
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
17/06/2013
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.)
Non-Independent Non-Executive Director and Chairman of the Board of Directors
Role and responsibilities
Assumed the roles and responsibilities of a Non-Independent Non-Executive Director and Chairman of the Board of Directors.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
FSL Holdings Pte. Ltd.
FSL Asset Management Pte. Ltd.
Allco Singapore T3 Pte. Ltd.
Allco Management Pte. Ltd.
Allco Investments Pte. Ltd.
Allco FMS Investments Pte. Ltd.
Allco Funds Management (Singapore) Pte. Ltd.
Allco International Holdings (Asia) Pte. Ltd.
Allco Origination Pte. Ltd.
Allco Singapore Investments Pte. Ltd.
Inenco Asia Pte. Ltd.
Present
Ferrier Hodgson Pte. Ltd.