Change - Announcement of Cessation::Announcement of Retirement of Independent Director at AGM

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Apr-2014 19:35:23
Status
New
Announcement Sub Title
Announcement of Retirement of Independent Director at AGM
Announcement Reference
SG140423OTHRJBLH
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)
Announcement of Cessation as Independent Director who is the Chairman of Audit & Risk, Nominating and Remuneration Committees

Additional Details

Name Of Person
Chee Keng Soon
Age
81
Is effective date of cessation known?
Yes
If yes, please provide the date
23/04/2014
Detailed Reason (s) for cessation
Mr Chee Keng Soon, who was due to retire at the 51st Annual General Meeting of the Company (AGM) pursuant to Section 153(6) of the Companies Act, Chapter 50 of Singapore did not seek re-appointment as a Director at the AGM. Consequent thereto, Mr Chee ceased to act as Lead Independent Director and the chairman of the Audit & Risk, Nominating and Remuneration Committees, following the conclusion of the AGM.
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
29/03/1995
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)
5
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.)
Lead Independent Director and the chairman of the Audit & Risk, Nominating and Remuneration Committees
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil