Change - Announcement of Cessation::Retirement of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
FRASERS CENTREPOINT ASSET MANAGEMENT LTD.
Securities
FRASERS CENTREPOINT TRUST - SG1T60930966 - J69U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Dec-2017 18:56:31
Status
New
Announcement Sub Title
Retirement of Non-Executive and Independent Director
Announcement Reference
SG171228OTHRW2D1
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Soh Kim Soon as a Non-Executive and Independent Director on the Board, as a Member of the Audit Committee and as the Chairman of the Nominating and Remuneration Committee.

Additional Details

Name Of Person
Soh Kim Soon
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2017
Detailed Reason (s) for cessation
Mr Soh has served as a Non-Executive and Independent Director of Frasers Centrepoint Asset Management Ltd., the manager of Frasers Centrepoint Trust ("FCT"), for more than 11 years and is retiring as part of the board renewal process and for compliance with regulatory requirements. The Board expresses its appreciation to Mr Soh for his dedication and invaluable contribution during his tenure of service.
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
23/03/2006
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.)
Non-Executive and Independent Director, Member of the Audit Committee and Chairman of the Nominating and Remuneration 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
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in 100,000 units in FCT
Past (for the last 5 years)
- NTUC Income Insurance Cooperative Limited
- EnGro Corporation Limited (formerly Ssangyong Cement (Singapore) Ltd)
- ORIX Investment and Management Private Limited
Present
- ORIX Leasing Singapore Limited
- CapitaLand Retail China Trust Management Limited