Change - Announcement of Cessation::Resignation of Non-Independent Non-Executive Director - Mr Jonathan Callaghan

Issuer & Securities

Issuer/ Manager
CROMWELL EREIT MANAGEMENT PTE. LTD.
Securities
CROMWELL EUROPEAN REIT - SGXC37098255 - CWBU
CROMWELL EUROPEAN REIT - SGXC37098255 - CWCU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Dec-2024 14:52:56
Status
New
Announcement Sub Title
Resignation of Non-Independent Non-Executive Director - Mr Jonathan Callaghan
Announcement Reference
SG241224OTHRUBC2
Submitted By (Co./ Ind. Name)
Simon Garing
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Independent Non-Executive Director - Mr Jonathan Callaghan

Additional Details

Name Of Person
Jonathan Peter Callaghan
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
24/12/2024
Detailed Reason (s) for cessation
Following the completion of the sale by Cromwell Property Group of all its interest in the Manager of Cromwell European REIT and its 27.79% interest in the Units of Cromwell European REIT, as announced on 24 December 2024, Mr Jonathan Callaghan has stepped down from the Board of the Manager with effect from 24 December 2024.
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
19/06/2023
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-Independent Non-Executive Director, Member of Nominating and Remuneration Committee, Member of Sustainability Committee
Role and responsibilities
As Non-Independent Non-Executive Director of Cromwell EREIT Management Pte. Ltd., the Manager of Cromwell European Real Estate Investment Trust
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No immediate family relationships. However, Mr Jonathan Callaghan is the Chief Executive Officer and Managing Director of Cromwell Property Group ("Cromwell")(Cromwell Property Group comprises Cromwell Corporation Limited and the Cromwell Diversified Property Trust, the responsible entity of which is Cromwell Property Securities Limited), which is a substantial unitholder of Cromwell European Real Estate Investment Trust ("CEREIT").
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Investa Property Group - Chief Executive Officer
Present
Cromwell Property Group - Chief Executive Officer and Managing Director