Change - Announcement of Cessation::Change of Role

Issuer & Securities

Issuer/ Manager
SINARMAS LAND LIMITED
Securities
SINARMAS LAND LIMITED - SG1E97853881 - A26
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Feb-2021 19:43:41
Status
New
Announcement Sub Title
Change of Role
Announcement Reference
SG210224OTHR8MLW
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Ferdinand Sadeli, Executive Director of Sinarmas Land Limited (the "Company" and together with its subsidiaries, the "Group"), will relinquish his role as Chief Financial Officer of the Company, and instead be overseeing the investment function of the Group as Chief Investment Officer, with effect from 24 February 2021.

Additional Details

Name Of Person
Ferdinand Sadeli
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
24/02/2021
Detailed Reason (s) for cessation
Change of role from Executive Director and Chief Financial Officer to Executive Director and Chief Investment Officer
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
27/04/2012
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)
5
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.)
Executive Director and Chief Investment Officer
Role and responsibilities
As Chief Investment Officer, to oversee the investment function of the Group.
Executive Director - no change
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)
1. ACF Finance Ltd
2. GMN No 2 Limited
3. Prime Glory Capital Limited
4. PT Inti Tekno Sukses Bersama
5. SML Brook Partners Pte Limited
6. SML Jersey Brook Pte Limited
7. SML Jersey Properties Pte Limited
8. SML Chancery Pte Limited
9. Jermina Limited
10. PT Dana Bina Bangsa
Present
1. ACF Solutions Holding Ltd
2. AFP International Capital Pte. Ltd.
3. Agamemnon S.a r.l.
4. Bali Indowisata Pte. Ltd.
5. Golden Ray Development Pte. Ltd.
6. Horseferry Property Limited
7. Linsville Limited
8. PT Binasarana Muliajaya
9. PT Plaza Indonesia Mandiri
10. PT Plaza Indonesia Urban
11. PT Plaza Indonesia Investama
12. Sinarmas Land (HK) Limited
13. Sinarmas Land Limited
14. Sinarmas Land Overseas Holding Pte. Ltd.
15. Sittingham Assets Limited
16. SML Alpha S.a r.l.
17. SML Brook England (HK) Limited
18. SML Great Pte Limited
19. SML Victoria Limited
20. Triton Court GP Limited
21. Triton Court Nominee (Newco) Limited