Change - Announcement of Cessation::Announcement of Cessation of Deputy Chief Executive Officer and Head of Investments of the Managers

Issuer & Securities

Issuer/ Manager
VIVA INDUSTRIAL TRUST MANAGEMENT PTE. LTD.
Securities
VIVA INDUSTRIAL TRUST - SG2G31998161 - T8B
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2014 12:37:27
Status
New
Announcement Sub Title
Announcement of Cessation of Deputy Chief Executive Officer and Head of Investments of the Managers
Announcement Reference
SG141231OTHRGMA6
Submitted By (Co./ Ind. Name)
Ang Poh Seong
Designation
Chief Executive Officer of the REIT Manager and Trustee-Manager
Description (Please provide a detailed description of the event in the box below)
1. The Board of Directors ("the Board") of the Managers wishes to announce the resignation of Mr Chew Yen Keen ("Mr Chew") as the Deputy Chief Executive Officer and Head of Investments effective on 31 December 2014.
2. The Board and Management would like to acknowledge the contributions made by Mr Chew to the Managers and would like to take this opportunity to express their deepest gratitude for his past contributions and services to the Managers.
3. The Chief Executive Officer and the Head of Asset Management & Investment Director of the Managers will cover the duties and responsibilities of the Deputy Chief Executive Officer & Head of Investments after Mr Chew's resignation.
4.Standard Chartered Securities (Singapore) Pte. Limited, Merrill Lynch (Singapore) Pte. Ltd. and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch are the Joint Global Coordinators and Issue Managers for the initial public offering and listing of Viva Industrial Trust (the Offering ). Standard Chartered Securities (Singapore) Pte. Limited, Merrill Lynch (Singapore) Pte. Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, CIMB Securities (Singapore) Pte. Ltd., Maybank Kim Eng Securities Pte. Ltd. and Credit Suisse (Singapore) Limited are the Joint Bookrunners and Underwriters for the Offering.

Additional Details

Name Of Person
Chew Yen Keen
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2014
Detailed Reason (s) for cessation
Personal reasons
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
04/11/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy Chief Executive Officer and Head of Investments of the Managers
Role and responsibilities
Responsible for identifying, researching and evaluating potential acquisitions and related investments with a view to enhancing the portfolio of Viva Industrial Trust (VIT), or divestments where a property is no longer strategic, fails to enhance the value of VIT portfolio or fails to be yield accretive.

Assist the Chief Executive Officer in overseeing the strategic planning and the overall day-to-day management and operations of VIT.
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
Other Directorships
Past (for the last 5 years)
Regional Leader Management Consultancy & Services
Present
None