REPL::Change - Announcement of Cessation::Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Property Australia

Issuer & Securities

Issuer/ Manager: FRASERS PROPERTY LIMITED
Securities: FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 06-May-2020 12:38:35
Status: Replacement
Announcement Sub Title: Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Property Australia
Announcement Reference: SG200506OTHRNLZT
Submitted By (Co./ Ind. Name): Catherine Yeo
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Cessation of Appointment as Chief Executive Officer, Frasers Property Australia.

Please refer to the enclosed Attachment 1 which replaces the copy enclosed to the earlier announcement reference no. SG200506OTHRNLZT

Additional Details

Name Of Person: Rodney Vaughan Fehring
Age: 61
Is effective date of cessation known?: Yes
If yes, please provide the date: 01/10/2020
Detailed Reason (s) for cessation: Mr Fehring will cease to be appointed as the Chief Executive Officer, Frasers Property Australia, on 1 October 2020. The Board of Frasers Property Limited (the "Company") thanks him for his years of dedicated service and contributions. Upon cessation, Mr Fehring will assume the role of Executive Chairman of Frasers Property Australia Pty Limited and continue to chair Frasers Property Industrial and Frasers Property UK. He will also continue to serve as a director on the board of Frasers Logistics & Commercial Asset Management Pte. Ltd. (the manager of Frasers Logistics & Commercial Trust).
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: 29/07/2015
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, Fraser Property Australia
Role and responsibilities: The Chief Executive Officer, Fraser Property Australia is responsible for the Group's Australia strategic business unit. He oversees the Group's residential, commercial, industrial and retail business in Australia.
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?: Yes
Shareholding Details: 7000 shares in the Company ("Shares").

Mr Fehring holds 1,414,275 awards under the Company's Restricted Share Plan ("FPL RSP"), of which all the awards or less may be vested. The settlement of the awards may be in the form of cash or Shares pursuant to which up to 1,414,275 Shares under the FPL RSP may be vested or delivered.
Past (for the last 5 years): Please see Attachment 1.
Present: Please see Attachment 1.

Attachments

Attachment 1_RF_Replacement.pdf

Total size =116K

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