Change - Announcement of Cessation::Resignation of Non-Executive Independent Director

Issuer & Securities

Issuer/ Manager
HOTEL PROPERTIES LIMITED
Securities
HOTEL PROPERTIES LTD - SG2P14002527 - H15
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Mar-2019 17:21:35
Status
New
Announcement Sub Title
Resignation of Non-Executive Independent Director
Announcement Reference
SG190301OTHRJ42A
Submitted By (Co./ Ind. Name)
Lo Swee Oi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Independent Director.

Additional Details

Name Of Person
Michael S. Dobbs-Higginson
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2019
Detailed Reason (s) for cessation
Mr Michael S. Dobbs-Higginson has resigned as a Non-Executive Independent Director due to his health deterioration.
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
02/03/1993
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)
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.)
Non-Executive Independent Director, Chairman of Remuneration Committee, Member of Audit Committee and Member of Nominating Committee.
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
(1) Chairman and CEO of Unicorn Venture Capital, S.A., BVI
(2) Non-Executive Group Chairman of Crescent Holdings Inc, Cayman Islands
(3) Co-Founder of H3 Dynamics Holdings Pte. Ltd., Singapore (f.k.a Horizon Dynamics Holdings Pte. Ltd.)
(4) Co-Founder and Non-Executive Chairman of Shado Int Pte. Ltd., Singapore
(5) Co-Founder and Non-Executive Vice Chairman GoAfrica Holdings Pte. Ltd., Singapore
(6) Co-Founder and Director of Royal Chiangmai Gold Club, Thailand