Change - Announcement of Cessation::Retirement of Chief Executive Officer / Group Managing Director

Issuer & Securities

Issuer/ Manager
OUE LIMITED
Securities
OUE LIMITED - SG2B80958517 - LJ3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2019 17:38:43
Status
New
Announcement Sub Title
Retirement of Chief Executive Officer / Group Managing Director
Announcement Reference
SG191231OTHRR3WP
Submitted By (Co./ Ind. Name)
Jackie Thia
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Thio Gim Hock ("Mr Thio") as the Chief Executive Officer / Group Managing Director of OUE Limited (the "Company", and together with its subsidiaries, the "Group")

Additional Details

Name Of Person
Thio Gim Hock
Age
81
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2019
Detailed Reason (s) for cessation
Mr Thio is retiring as the Chief Executive Officer / Group Managing Director of OUE Limited.
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
06/11/2007
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)
1
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.)
Chief Executive Officer / Group Managing Director
Role and responsibilities
Overall responsibility for the management, organisation, operation and development of the Group and all matters arising therefrom
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
11,489,507 Units in OUE Commercial Real Estate Investment Trust
Past (for the last 5 years)
See Annexure "A"
Present
1. Arna Cedar Limited (in the process of striking off)
2. OUE Properties (East Asia) Limited (in the process of striking off)
3. Healing Rooms Ministries Limited
4. IPP Financial Services Holdings Ltd.

Attachments

Annexure_A_Mr_Thio_Gim_Hock.pdf
Total size =6K