Change - Announcement of Cessation::Resignation of Board Chairman, Non-Independent Non-Executive Director and member of NRC

Issuer & Securities

Issuer/ Manager
LMIRT MANAGEMENT LTD.
Securities
LIPPO MALLS INDO RETAIL TRUST - SG1W27938677 - D5IU
LIPPO MALLS TR S$140M7%PERPSEC - SG74H8000008 - 4V0B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Dec-2019 17:50:31
Status
New
Announcement Sub Title
Resignation of Board Chairman, Non-Independent Non-Executive Director and member of NRC
Announcement Reference
SG191227OTHRR10J
Submitted By (Co./ Ind. Name)
Tan Lay Hong
Designation
Company Secretary, LMIRT Management Ltd. (as manager of Lippo Malls Indonesia Retail Trust)
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Ketut Budi Wijaya as Board Chairman, Non-Independent Non-Executive Director and member of Nominating and Remuneration Committee

Additional Details

Name Of Person
Ketut Budi Wijaya
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2019
Detailed Reason (s) for cessation
In line with the board renewal undertaken by 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
01/06/2015
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Board Chairman, Non-Independent Non-Executive Director and member 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?
No
Past (for the last 5 years)
Please see annexure A.
Present
Please see annexure A.

Attachments