Change - Announcement of Cessation::Announcement of Cessation as Group Chief Executive Officer
Issuer & Securities
FRASERS CENTREPOINT LIMITED
FRASERS CENTREPOINT LIMITED - SG2G52000004 - TQ5
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Announcement of Cessation as Group Chief Executive Officer
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as Group Chief Executive Officer.
Name Of Person
Mr. Lim Ee Seng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
As announced on 30 September 2015 and 6 June 2016, Mr Lim's service agreement was extended for a one year term from 1 October 2015 to 30 September 2016.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer
Role and responsibilities
The Group Chief Executive Officer has the overall responsibility for driving the Group's growth strategies with the aim of delivering sustainable returns from the business.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
2,799,954 ordinary shares in the Company.
Mr Lim holds 1,793,084 awards under the Company's Restricted Share Plan ("FCL RSP") and 906,714 awards under its Performance Share Plan ("FCL PSP"), pursuant to which up to 2,436,939 shares in the Company ("Shares") under the FCL RSP and up to 1,813,428 Shares under the FCL PSP may be vested or delivered.
Past (for the last 5 years)
Please see attachment.
Please see attachment.
Total size =21K