Change - Announcement of Cessation::Retirement of Adj Professor Richard Rokmat Magnus as Non-Executive Independent Director

Issuer & Securities

Issuer/ Manager
CAPITALAND MALL TRUST MANAGEMENT LIMITED
Securities
CAPITALAND MALL TRUST - SG1M51904654 - C38U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Apr-2019 18:11:11
Status
New
Announcement Sub Title
Retirement of Adj Professor Richard Rokmat Magnus as Non-Executive Independent Director
Announcement Reference
SG190411OTHRZHFZ
Submitted By (Co./ Ind. Name)
Lee Ju Lin, Audrey
Designation
Company Secretary, CapitaLand Mall Trust Management Limited
Description (Please provide a detailed description of the event in the box below)
Retirement of Adj Professor Richard Rokmat Magnus as Non-Executive Independent Director of CapitaLand Mall Trust Management Limited with effect from 12 April 2019. His appointment as Chairman of the Board and Chairman of the Corporate Disclosure Committee will also cease.

Additional Details

Name Of Person
Richard Rokmat Magnus
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
12/04/2019
Detailed Reason (s) for cessation
Under the Securities and Futures (Licensing and Conduct of Business) Regulations of the Monetary Authority of Singapore, an independent director is one who has not served as a director for a continuous period of 9 years ("9-year Rule"). Professor Magnus has served as a Non-Executive Independent Director for almost 9 years, and is stepping down as an independent director pursuant to the 9-year Rule.
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
03/05/2010
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Chairman of the Board and Chairman of the Corporate Disclosure Committee.
Role and responsibilities
Non-Executive Independent Director, Chairman of the Board and Chairman of the Corporate Disclosure Committee.
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
100,364 units in CapitaLand Mall Trust (Direct Interest)
Past (for the last 5 years)
Please refer to the attached Appendix A.
Present
Please refer to the attached Appendix A.

Attachments

Appendix_A_RM.pdf
Total size =61K