Change - Announcement of Cessation::Resignation of Group Chief Investment Officer

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Jul-2022 19:32:57
Status
New
Announcement Sub Title
Resignation of Group Chief Investment Officer
Announcement Reference
SG220704OTHRD95U
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Group Chief Investment Officer.

Additional Details

Name Of Person
Frank Khoo Shao Hong
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2022
Detailed Reason (s) for cessation
Mr Frank Khoo has given notice of his resignation as Group Chief Investment Officer of City Developments Limited ("CDL") and his last day with CDL will be on 30 September 2022. He is leaving CDL for personal reasons.
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
01/02/2018
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)
6
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.)
Group Chief Investment Officer
Role and responsibilities
Mr Frank Khoo assisted the Group Chief Executive Officer of the Company in the sourcing and execution of new investment opportunities while also setting up a dedicated fund management platform.
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)
Please refer to the attached Annexure A.
Present
Please refer to the attached Annexure A.

Attachments

Annexure_A_Rule704_Announcement.pdf
Total size =104K