Change - Announcement of Cessation::Cessation as Co-Chief Executive Oficer

Issuer & Securities

Issuer/ Manager
JAPAN RESIDENTIAL ASSETS MANAGER LIMITED
Securities
SAIZEN REAL ESTATE INV TRUST - SG2G35998266 - T8JU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Nov-2015 18:41:57
Status
New
Announcement Sub Title
Cessation as Co-Chief Executive Oficer
Announcement Reference
SG151118OTHRXNBF
Submitted By (Co./ Ind. Name)
Arnold Ip Tin Chee
Designation
Chairman
Description (Please provide a detailed description of the event in the box below)
Announcement of cessation as Co-Chief Executive Officer

Additional Details

Name Of Person
Koh Kia Meng Linus
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
01/12/2015
Detailed Reason (s) for cessation
To pursue other business opportunities.

While Mr Koh had made known his plans to the Board earlier in the year, he had kindly agreed to continue his service until regulatory approval had been obtained for the appointment of a new Chief Executive Officer, so as to ensure a smooth handover of responsibilities.
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
01/09/2010
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Co-Chief Executive Officer
Role and responsibilities
Responsible for the development and review of investment and divestment strategies of Saizen REIT, as well as the day-to-day operations of Saizen REIT, including compliance with the relevant laws and regulations.
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)
Nil
Present
1) Nutmeg Solutions Pte Ltd
2) Nutmeg Capital Pte Ltd