Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR WHO IS THE CHAIRMAN OF AUDIT COMMITTEE

Issuer & Securities

Issuer/ Manager
ASCENDAS FUNDS MANAGEMENT (S) LIMITED
Securities
ASCENDAS REAL ESTATE INV TRUST - SG1M77906915 - A17U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Oct-2015 17:57:49
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR WHO IS THE CHAIRMAN OF AUDIT COMMITTEE
Announcement Reference
SG151030OTHRAYT2
Submitted By (Co./ Ind. Name)
Mary Judith de Souza
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director who is the Chairman of Audit Committee.

Additional Details

Name Of Person
Henry Tan Song Kok
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2015
Detailed Reason (s) for cessation
Mr Tan's retirement from the Board is part of the regular board renewal process which is a policy of Ascendas Funds
Management (S) Limited ("AFM"), as manager of Ascendas Real Estate Investment Trust ("A-REIT").
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
15/09/2009
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.)
Independent Director of AFM, Chairman of the Audit Committee ("AC") and a member of the Nominating, Human Resource & Remuneration Committee ("NHRRC").
Role and responsibilities
As an independent Director of AFM, Chairman of the AC and a member of the NHRRC, Mr Tan has provided guidance on the financial and business issues as well as in the areas of compliance and governance.
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?
No
Past (for the last 5 years)
Pertama Holdings Limited
Present
Please refer to Annex A

Attachments

SGX template - Cessation of Henry Tan - Annex A.pdf
Total size =72K