Change - Announcement of Cessation::Cessation of Independent Director - Mr Sandip Talukdar

Issuer & Securities

Issuer/ Manager
LMIRT MANAGEMENT LTD.
Securities
LIPPO MALLS INDO RETAIL TRUST - SG1W27938677 - D5IU
LIPPOMTRS$140M6.4751%PERPSEC - SG74H8000008 - 4V0B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Mar-2023 17:23:12
Status
New
Announcement Sub Title
Cessation of Independent Director - Mr Sandip Talukdar
Announcement Reference
SG230317OTHRKPLQ
Submitted By (Co./ Ind. Name)
Liew Chee Seng James
Designation
Executive Director and CEO, LMIRT Management Ltd. (as manager of Lippo Malls Indonesia Retail Trust)
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Sandip Talukdar as Independent Director and member of the Audit and Risk Committee and Nominating and Remuneration Committee

Additional Details

Name Of Person
Sandip Talukdar
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2023
Detailed Reason (s) for cessation
The Board refers to the announcement on Ms Gouw Vi Ven's redesignation from Non-Executive Non-Independent Director to Independent Director effective 31 March 2023. As part of the Board's annual review of the composition and size of the Board and in view of the redesignation of Ms Gouw to Independent Director, the Board is of the view that a board size of four is appropriate having considered the background, experience, skills and expertise of the current board members and taking into consideration the needs of the LMIR Trust and its current operating environment. Accordingly, Mr Sandip Talukdar ("Mr Talukdar") has decided to step down as Independent Director of LMIRT Management Ltd. (the "Manager"). Following Mr Talukdar's resignation, he will also cease to be a member of the Audit and Risk Committee and Nominating and Remuneration Committee. The Board expresses its appreciation to Mr Talukdar for his contribution during his tenure as an Independent Director of the Manager.
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
15/07/2020
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
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.)
Audit and Risk Committee Member and Nominating and Remuneration Committee Member
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
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
N.A.
Present
N.A.

Attachments

Changes_to_BOD_and_BOD_Committee.pdf
Total size =276K