Change - Announcement of Cessation::Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Property Singapore
Issuer & Securities
FRASERS PROPERTY LIMITED
FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Property Singapore
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Cessation of Appointment as Chief Executive Officer, Frasers Property Singapore.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Tang will retire as the Chief Executive Officer, Frasers Property Singapore, and assume the role of Senior Adviser to Frasers Property Limited (the "Company" and together with its subsidiaries, the "Group") with effect from 1 January 2020, while continuing to serve as a director on the boards of Frasers Property (Singapore) Pte. Ltd., Frasers Centrepoint Asset Management Ltd. (the manager of Frasers Centrepoint Trust) and Frasers Commercial Asset Management Ltd. (the manager of Frasers Commercial Trust). The Board of the Company thanks him for his many years of dedicated service and contributions to the Group. Please also refer to the attached press release for more information.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer, Frasers Property Singapore
Role and responsibilities
The Chief Executive Officer, Frasers Property Singapore oversees the Group's residential, retail and commercial business, including the real estate investment trust management of retail and commercial (including business space) properties, in Singapore.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
1,328,344 ordinary shares in the Company ("Shares").
Mr Tang holds 572,025 awards under the Company's Restricted Share Plan ("FPL RSP") and 197,280 awards under its Performance Share Plan ("FPL PSP"), pursuant to which up to 702,675 Shares under the FPL RSP and up to 394,560 Shares under the FPL PSP may be vested or delivered.
Past (for the last 5 years)
Please see Attachment 1.
Please see Attachment 2.
Total size =152K