Change - Announcement of Cessation::Resignation as Executive Director and Chief Executive Officer
Issuer & Securities
CROMWELL EREIT MANAGEMENT PTE. LTD.
CROMWELL EUROPEAN REIT S$ - SG1EA8000000 - CSFU
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation as Executive Director and Chief Executive Officer
Submitted By (Co./ Ind. Name)
Kim Yi Hwa
Description (Please provide a detailed description of the event in the box below)
Change of resignation date of Executive Director and Chief Executive Officer ("CEO").
The Company refers to its announcement reference no. SG180618OTHR0NBV released on 18 June 2018 on Mr. Philip Levinson's resignation as Executive Director and CEO of Cromwell EREIT Management Pte. Ltd. ("CEM").
As a new Executive Director and CEO will be appointed in early September 2018, CEM and Mr. Levinson have mutually agreed that Mr. Levinson's last day of service with CEM will be on 2 September 2018 instead of 31 August 2018 as previously announced.
Goldman Sachs (Singapore) Pte. and UBS AG, Singapore Branch are the joint issue managers for the Offering. DBS Bank Ltd., Goldman Sachs (Singapore) Pte., and UBS AG, Singapore Branch are the joint global coordinators for the Offering. DBS Bank Ltd., Goldman Sachs (Singapore) Pte., UBS AG, Singapore Branch, Daiwa Capital Markets Singapore Limited and CLSA Singapore Pte Ltd are the joint bookrunners and underwriters for the Offering.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Resignation to pursue other business interests, including the provision of advisory services to the Cromwell Property Group.
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.)
Executive Director and CEO
Role and responsibilities
Executive Director and CEO of Cromwell EREIT Management Pte. Ltd., the Manager of Cromwell European Real Estate Investment Trust ("CEREIT"). Works with the Board of Directors to determine the strategy and is responsible for overall day-to-day management and operations of CEREIT.
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?
Past (for the last 5 years)
Cambridge Industrial Trust Management Limited (now known as ESR
Funds Management (S) Limited)
Taurus Wealth Advisors Pte. Ltd.
Cambridge SPV1 LLP
Cambridge SPV2 Pte. Ltd.
Cambridge-MTN Pte. Ltd. ( now know as ESR-MTN Pte. Ltd.)
Asia Pacific Real Estate Association Limited
Cromwell EREIT Management Pte. Ltd.
Penmount Partners Pte. Ltd.
Penmount Properties Pte. Ltd .
Cromwell SG SPV 1 Pte. Ltd.
Cromwell SG SPV 2 Pte. Ltd.
Cromwell SG SPV 3 Pte. Ltd.
Cromwell SG SPV 4 Pte. Ltd.
Cromwell SG SPV 5 Pte. Ltd.