Change - Announcement of Cessation::Cessation of Head of Asset Management and Investment Director

Issuer & Securities

Issuer/ Manager
VIVA INDUSTRIAL TRUST MANAGEMENT PTE. LTD.
Securities
VIVA INDUSTRIAL TRUST - SG2G31998161 - T8B
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2016 17:24:37
Status
New
Announcement Sub Title
Cessation of Head of Asset Management and Investment Director
Announcement Reference
SG160429OTHRPCS8
Submitted By (Co./ Ind. Name)
Ang Poh Seong
Designation
Chief Executive Officer of the REIT Manager and Trustee-Manager
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the Board) of the Managers wishes to announce the resignation of Mr Victor Song Chern Chean as the Head of Asset Management and Investment Director with effect from 1 May 2016.

The Board would also like to take this opportunity to thank Mr Song for his past contributions and services.

The Managers have recruited a new Head of Asset Management who will be coming on board in May 2016.

Additional Details

Name Of Person
Victor Song Chern Chean
Age
38
Is effective date of cessation known?
Yes
If yes, please provide the date
01/05/2016
Detailed Reason (s) for cessation
Personal reasons
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
01/03/2012
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head of Asset Management and Investment Director
Role and responsibilities
Mr Song is in charge of the asset management team, which is responsible for formulating the business plans in relation to Viva Industrial Trust's properties. He also leads the investment team in acquisitions and divestments.
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
5,000 stapled securities in Viva Industrial Trust.
Past (for the last 5 years)
VS Real Estate
Maxi Capital Pte. Ltd.
Present
Viva Real Estate Asset Management Pte. Ltd.