Change - Announcement of Cessation::Resignation of Chief Executive 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
11-Aug-2017 07:03:08
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer
Announcement Reference
SG170811OTHR9YRM
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 Chief Executive Officer

Additional Details

Name Of Person
Grant Lewis Kelley
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2017
Detailed Reason (s) for cessation
Mr Kelley has tendered his resignation as Chief Executive Officer ("CEO") of City Developments Limited on 10 August 2017. His resignation will take effect on 31 December 2017. He will be taking up new challenges as the CEO of a listed company based in Melbourne, Australia, which offer is timely as he intends to return home to Australia 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
17/02/2014
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)
4
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.)
Chief Executive Officer
Role and responsibilities
Mr Kelley has executive responsibilities for the business direction, overall development and management of the Group's business strategy and operations, reporting to the Group Executive Chairman and the Board.
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-GK.pdf
Total size =188K