Change - Announcement of Cessation::Resignation of Chairman of the Board and Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
CAPITACOMMERCIAL TRUST MANAGEMENT LIMITED
Securities
CAPITACOMMERCIAL TRUST - SG1P32918333 - C61U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Sep-2014 18:27:54
Status
New
Announcement Sub Title
Resignation of Chairman of the Board and Independent Non-Executive Director
Announcement Reference
SG140919OTHRZBLX
Submitted By (Co./ Ind. Name)
Doris Lai
Designation
Company Secretary, CapitaCommercial Trust Management Limited as manager of CapitaCommercial Trust
Description (Please provide a detailed description of the event in the box below)
Resignation of Chairman of the Board and Independent Non-Executive Director.

Additional Details

Name Of Person
Kee Teck Koon
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
22/09/2014
Detailed Reason (s) for cessation
Mr Kee Teck Koon has been appointed an Independent Non-Executive Director of CapitaLand Limited ("CL"), the holding company of the Company. Due to the time commitment expected of him arising from his appointment as a director of CL, Mr Kee is stepping down for Mr Soo Kok Leng, another Independent Non-Executive Director, to take over as Chairman of the Board.
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
01/01/2013
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)
3
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.)
Chairman and Independent Non-Executive Director
Role and responsibilities
As Chairman, Mr Kee was responsible for leading the Board and ensuring that it is effective on all aspects of its role. He was also responsible for ensuring that the members of the Board and Management work together with integrity, competency and moral authority, and that the Board constructively engages Management on strategy, business operations, enterprise risk and other plans.
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
11,603 units in CapitaCommercial Trust
Other Directorships
Past (for the last 5 years)
1. CapitaMall Trust Management Limited
2. CapitaMalls Malaysia REIT Management Sdn. Bhd.
3. Park Hotel Business Trust Management Pte Limited
4. Park Hotel REIT Management Pte Limited
5. Singapore Institute of Directors
6. NTUC LearningHub Pte Ltd
7. NTUC Investment Co-operative Ltd
8. NTUC First Campus Co-operative Ltd
9. NCC Holdings Pte Ltd
10. The Little Skool-House International Pte Ltd
11. Bright Horizons Fund
12. SEED Institute Pte Ltd
13. Lien AID Limited
Present
1. Changi Airports International Pte Ltd
2. Alexandra Health Endowment Fund
3. Raffles Medical Group Ltd
4. NTUC Enterprise Co-operative Limited
5. Ascendas Pte Ltd
6. Wildlife Reserves Singapore Pte Ltd
7. NTUC Income Insurance Co-operative Limited
8. CapitaLand Limited (with effect from 22 September 2014)