Change - Announcement of Cessation::Departure of Director

Issuer & Securities

Issuer/ Manager
SPDR GOLD SHARES
Securities
SPDR GOLD SHARES - US78463V1070 - GSD
SPDR GOLD SHARES - US78463V1070 - O87
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Apr-2024 21:09:50
Status
New
Announcement Sub Title
Departure of Director
Announcement Reference
SG240401OTHR7JOK
Submitted By (Co./ Ind. Name)
World Gold Trust Services, LLC
Designation
Via SGX Upload
Description (Please provide a detailed description of the event in the box below)
Effective March 29, 2024, James Lam will no longer serve as a member of the audit committee and board of directors of World Gold Trust Services, LLC, the sponsor of the SPDR Gold Trust (the Trust). Mr. Lam s departure does not arise from any disagreement on any matter relating to the operations, policies or practices of the Trust.

Additional Details

Name Of Person
James Lam
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
29/03/2024
Detailed Reason (s) for cessation
Mr. Lam resigned from the audit committee and board of directors of World Gold Trust Services, LLC, (the Sponsor), the sponsor of SPDR Gold Trust (the Trust), to pursue other opportunities. His departure does not arise from any disagreement on any matter relating to the operations, policies or practices of the Sponsor or the Trust.
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
12/09/2023
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)
0
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.)
Board and Audit Committee Member
Role and responsibilities
Board and Audit Committee Member of World Gold Trust Services, LLC, the sponsor of SPDR Gold Trust.
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)
WGC USA Asset Management Company, LLC, E*TRADE Financial, E*TRADE Bank, RiskLens, Recology, Covarity, and ERisk.
Present
FAIR Institute