Change - Announcement of Cessation::Cessation as Non-Executive Independent Director

Issuer & Securities

Issuer/ Manager
ASCOTT RESIDENCE TRUST MANAGEMENT LIMITED
Securities
ASCOTT RESIDENCE TRUST - SG1T08929278 - A68U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Aug-2016 17:20:38
Status
New
Announcement Sub Title
Cessation as Non-Executive Independent Director
Announcement Reference
SG160831OTHRGCTJ
Submitted By (Co./ Ind. Name)
Kang Siew Fong / Regina Tan
Designation
Joint Company Secretaries, Ascott Residence Trust Management Limited
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Ku Moon Lun as Non-Executive Independent Director of Ascott Residence Trust Management Limited with effect from 1 September 2016. His appointment as Chairman of the Audit Committee will also cease.

Additional Details

Name Of Person
Ku Moon Lun
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
01/09/2016
Detailed Reason (s) for cessation
Mr Ku has served as a Non-Executive Independent Director for more than 9 years and is stepping down as part of the Board's renewal process.
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
20/01/2006
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director and Chairman of the Audit Committee
Role and responsibilities
Non-Executive Independent Director and Chairman 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
90,294 units in Ascott Residence Trust
Past (for the last 5 years)
Please refer to Appendix A
Present
Please refer to Appendix B

Attachments

Appendix A KML.pdf
Appendix B KML.pdf
Total size =11K