Change - Announcement of Appointment::Appointment of Ms Penelope Ransom as Non-independent Non-executive Director

Issuer & Securities

Issuer/ Manager
LENDLEASE GLOBAL COMMERCIAL TRUST MANAGEMENT PTE. LTD.
Securities
LENDLEASE GLOBAL COMMERCIAL REIT - SGXC61949712 - JYEU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
07-Nov-2023 18:11:20
Status
New
Announcement Sub Title
Appointment of Ms Penelope Ransom as Non-independent Non-executive Director
Announcement Reference
SG231107OTHRIOZL
Submitted By (Co./ Ind. Name)
Amy Chiang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-independent Non-executive Director

Additional Details

Date Of Appointment
08/11/2023
Name Of Person
Penelope Jane Ransom
Age
50
Country Of Principal Residence
Australia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Ms Ransom was nominated by Lendlease Singapore Holdings Pty Limited, the holding company of Lendlease Global Commercial Trust Management Pte. Ltd. (the "Manager"). The Nomination and Remuneration Committee ("NRC") of the Manager has reviewed the qualifications and experience of Ms Ransom and recommended her appointment as a Non-independent Non-executive Director to the Board.

The Board has considered the recommendation and assessment of the NRC on Ms Ransom's expertise, experience, age, background, diversity of skillsets, and approved the appointment of Ms Ransom as a Non-independent Non-executive Director of the Manager.

Following Ms Ransom's appointment as a Non-independent Non-executive Director of the Manager, she will also be appointed as a member of the NRC.
Whether appointment is executive, and if so, the area of responsibility
No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-independent Non-executive Director and member of the Nomination and Remuneration Committee
Professional qualifications
Member of the Royal Institution of Chartered Surveyors (MRICS)
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Ms Ransom is the Group Head of Investments for Lendlease Corporation Limited, the Sponsor of Lendlease Global Commercial REIT
Conflict of interests (including any competing business)
As above.
Working experience and occupation(s) during the past 10 years
2022 to Present
Group Head of Investments, Lendlease Group

2021 to 2022
Chief Investment Officer, Investa Property Group

2019 to 2021
Group Executive, Head of Investment Management, Investa Property Group

2016 to 2018
Group Executive, Investa Property Group and Fund Manager, Investa Office Fund

2014 to 2016
Fund Manager, Wholesale Property Fund, Dexus Property Group

2011 to 2014
Head of Capital, Dexus Property Group
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
BTR TC I Pty Ltd
BTR TC II Pty Ltd
Cynwest Pty Limited
Davidson Hughes Developments Pty Ltd
Detawind Pty Limited
Dorcas Pty Ltd
ICPF Finance Pty Ltd
ICPF Investments Pty Limited
ICPF Nominees Pty Ltd
INDI Management Services Pty Ltd
Investa Asset Management (QLD) Pty Limited
Investa Asset Management Pty Limited
Investa External Funds Management Pty Limited
Investa External Funds Management Subsidiary Pty Limited
Investa Investment Management Pty Limited
Investa Listed Funds Management Limited
Investa Nominees (2) Pty Ltd
Investa Nominees (5) Pty Limited
Investa Office Development Pty Limited
Investa Office Management Pty Limited
IOF Custodian Pty Limited
Maritime Nominees Pty Limited
Martin Place Holdings Pty Limited
Martin Place Nominees (1) Pty Limited
Nesseyre Pty Limited
Northern Site Pty Limited
OPG TC Holding Pty Ltd
OPG TC IV Pty Ltd
OPG TC V Pty Ltd
OPG TC VI Pty Ltd
OPG TC VII Pty Ltd
Principal Sydney Development Pty Limited
Project Ben Pty Limited
Property Industry Foundation Pty Limited
RV Investment Management Pty Ltd
Skylight RS Pty Limited
Skylight ST Pty Limited
Southern Site Pty Limited
Wetastop Pty Limited
Present
Lendlease LLT Holdings Pty Limited
Lendlease SREIT Pty Limited
The Property Industry Foundation Limited
The Rugby Union Players Association Inc.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
No
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Ms Ransom will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange.