Change - Announcement of Cessation::Resignation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Nov-2024 19:08:21
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG241128OTHRD7ZZ
Submitted By (Co./ Ind. Name)
Yeo Swee Gim, Joanne
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Tan Kian Seng ("Mr Tan") as Independent Non-Executive Director.

Additional Details

Name Of Person
Tan Kian Seng
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2024
Detailed Reason (s) for cessation
Mr Tan Kian Seng ("Mr Tan") has given notice of his resignation as Independent Non-Executive Director of City Developments Limited ("CDL") and his last day with CDL will be 31 December 2024. Mr Tan is leaving CDL to pursue other interests including spending more time with the family.
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
10/03/2023
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)
6
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.)
Independent Non-Executive Director
Member of the Audit & Risk Committee
Member of the Board Sustainability Committee
Role and responsibilities
As above.
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?
No
Past (for the last 5 years)
Nil
Present
Nil