Change - Announcement of Cessation::CESSATION OF APPOINTMENT OF NON-EXECUTIVE INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
AIMS AMP CAPITAL INDUSTRIAL REIT MANAGEMENT LIMITED
Securities
AIMS AMP CAP INDUSTRIAL REIT - SG2D63974620 - O5RU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Feb-2019 17:10:34
Status
New
Announcement Sub Title
CESSATION OF APPOINTMENT OF NON-EXECUTIVE INDEPENDENT DIRECTOR
Announcement Reference
SG190220OTHR17ZH
Submitted By (Co./ Ind. Name)
STELLA YEAK
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Cessation of appointment of Mr Eugene Paul Lai Chin Look as Non-Executive Independent Director, Chairman of the Nominating and Remuneration Committee ("NRC") and member of the Audit, Risk and Compliance Committee ("ARCC").

Additional Details

Name Of Person
EUGENE PAUL LAI CHIN LOOK
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
20/02/2019
Detailed Reason (s) for cessation
Mr Lai has served on the board of AIMS AMP Capital Industrial REIT Management Limited (the "Board") as a Non-Executive Independent Director since 26 February 2010. In compliance with the Monetary Authority of Singapore's statutory nine-year limit for Independent Directors of a REIT Manager, Mr Lai will be stepping down from the Board on 20 February 2019. He will also be retiring as the Chairman of the NRC and member of the ARCC with effect from 20 February 2019.
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
26/02/2010
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Chairman of the NRC and member of the ARCC.
Role and responsibilities
Non-Executive Independent Director, Chairman of the NRC and member of the ARCC.
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 Appendix 1
Present
Please refer to Appendix 1

Attachments

Appendix_1.pdf
Media_release.pdf
Total size =255K