Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
ASCENDAS PROPERTY FUND TRUSTEE PTE. LTD.
Securities
ASCENDAS INDIA TRUST - SG1V35936920 - CY6U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Jul-2016 17:24:13
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG160708OTHRCAMI
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

Additional Details

Name Of Person
David Lim Tik En
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
08/07/2016
Detailed Reason (s) for cessation
Mr David Lim has served on the Board of Ascendas Property Fund Trustee Pte. Ltd. (APFT) for a period of 9 years. The retirement is based on the policy adopted by APFT's shareholder pursuant to the current REIT Regulations which provide that a Director will not be considered independent if he has served on the Board of the manager for a continuous period of 9 years or longer. a-iTrust has, since its listing, voluntarily adopted certain key provisions which govern REITs in order to become a REIT-like Business 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
11/06/2007
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)
6
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and Deputy Chairman of the Board, IC Chairman, ARC Member, NC Member, HRRC Member.
Role and responsibilities
Non-executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr David Lim has a direct interest in 150,000 units, and a deemed interest in 210,000 units
Past (for the last 5 years)
Please refer to the attachment
Present
Please refer to the attachment

Attachments