Change - Announcement of Cessation::Retirement of Lead Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
MAPLETREE LOGISTICS TRUST MANAGEMENT LTD.
Securities
MAPLETREE LOGISTICS TRUST - SG1S03926213 - M44U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Mar-2020 20:20:19
Status
New
Announcement Sub Title
Retirement of Lead Independent Non-Executive Director
Announcement Reference
SG200303OTHRDUXZ
Submitted By (Co./ Ind. Name)
Wan Kwong Weng
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Lead Independent Non-Executive Director and Chairperson of Nominating and Remuneration Committee of Mapletree Logistics Trust Management Ltd. (the "Manager").

On the field for "Number of Independent Directors currently resident in Singapore (taking into account this cessation)", MLT has 5 Independent Directors currently resident in Singapore as we have included the appointment of Ms Lim Mei as Independent Director which will take effect on 5 March 2020.

Please refer to the general announcement which we have released separately for more details.

Additional Details

Name Of Person
Lee Yoke Sim Penny ("Penny Goh")
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2020
Detailed Reason (s) for cessation
Mrs Penny Goh retires as Lead Independent Non-Executive Director and Chairperson of Nominating and Remuneration Committee of the Manager due to the Monetary Authority of Singapore (MAS) rule on 9-year limit for Independent Directors.
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
31/03/2011
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Non-Executive Director and Chairperson of Nominating and Remuneration Committee
Role and responsibilities
Non Executive
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
203,137 units in Mapletree Logistics Trust
Past (for the last 5 years)
1. Eastern Development Private Limited
2. Eastern Development Holdings Pte Ltd
3. Allen & Gledhill Regulatory & Compliance Pte. Ltd.
Present
1. Allen & Gledhill LLP
Senior Adviser (former Co-Chairman and Senior Partner)
2. Trailblazer Foundation Ltd.
3. Mapletree Logistics Trust Management Ltd.
4. Keppel REIT Management Limited
5. HSBC Bank (Singapore) Limited
6. Keppel Corporation Limited
7. Member of Advisory Committee to the School of Design and Environment National University of Singapore
8. Member of SMU Advisory Board for Real Estate Programmes Singapore Management University