Change - Announcement of Cessation::Resignation as Chief Financial Officer

Issuer & Securities

Issuer/ Manager
CROMWELL EREIT MANAGEMENT PTE. LTD.
Securities
CROMWELL EUROPEAN REIT - SG1EA8000000 - CNNU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Apr-2019 07:56:33
Status
New
Announcement Sub Title
Resignation as Chief Financial Officer
Announcement Reference
SG190415OTHRTBT5
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Mr. Daniel Donner, has given notice to the Board to resign as Chief Financial Officer ("CFO") of Cromwell EREIT Management Pte. Ltd., and his effective date of cessation would be 30 April 2019. Mr. Donner will remain as CFO until 30 April 2019 and will be working closely with Management to achieve a smooth transition.

Mr. Donner will be relocating to Cromwell Property Group in May 2019.

Sponsorship statement:

Goldman Sachs (Singapore) Pte. and UBS AG, Singapore Branch were the joint issue managers for the Offering. DBS Bank Ltd., Goldman Sachs (Singapore) Pte., and UBS AG, Singapore Branch were the joint global coordinators for the initial public offering of the units in Cromwell European Real Estate Investment Trust (the ''Offering''). DBS Bank Ltd., Goldman Sachs (Singapore) Pte., UBS AG, Singapore Branch, Daiwa Capital Markets Singapore Limited and CLSA Singapore Pte Ltd were the joint bookrunners and underwriters for the Offering.

Additional Details

Name Of Person
Daniel Donner
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2019
Detailed Reason (s) for cessation
Mr. Daniel Donner will be relocating to Cromwell Property Group in May 2019.
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
17/08/2017
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)
2
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.)
CFO
Role and responsibilities
As the CFO of Cromwell EREIT Management Pte. Ltd., the Manager of Cromwell European Real Estate Investment Trust ("CEREIT"), Mr. Daniel Donner works with the Chief Executive Officer and the other members of the management team to formulate strategic plans for CEREIT in accordance with the Manager's stated investment strategy. He is also responsible for applying the appropriate capital management strategy, including tax and treasury matters, as well as finance and accounting matters, overseeing implementation of CEREIT's short and medium-term business plans and fund management activities.
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)
None
Present
None