Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
PARKWAY TRUST MANAGEMENT LIMITED
Securities
PARKWAYLIFE REIT - SG1V52937132 - C2PU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jun-2016 18:17:03
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG160630OTHRZ285
Submitted By (Co./ Ind. Name)
Yong Yean Chau
Designation
Director / Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director

Additional Details

Name Of Person
Puah Tuan Soon Benson
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2016
Detailed Reason (s) for cessation
Mr. Puah Tuan Soon Benson's retirement from the Board is part of the succession plan of independent director of Parkway Trust Management Limited, the manager of Parkway Life REIT.
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
05/07/2007
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.)
Independent Director, Chairman of the Nominating and Remuneration Committee and member of the Audit Committee
Role and responsibilities
Independent Director, Chairman of the Nominating and Remuneration Committee and member of the Audit Committee
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
250,000 units in Parkway Life REIT
Past (for the last 5 years)
1. SISTIC.com Pte Ltd
2. Singapore Tyler Print Institute
3. Singapore Arts School Ltd
4. National Arts Council
5. Association of Asia Pacific Performing Arts Centres
6. The Old Parliament House Limited
7. Singapore Chinese Orchestra Company Limited
8. Singapore Tourism Board
9. The Anglo-Chinese Schools Foundation Limited Singapore
10. Anglo-Chinese School Old Boys Association
11. International Society of Performing Arts
Present
1. Ascendas Hospitality Fund Management Pte Ltd
2. Ascendas Hospitality Trust Management Pte Ltd
3. Rakan Riang Pte Ltd
4. The Esplanade Co Ltd
5. National Gallery Singapore Company Limited