Change - Announcement of Cessation::Resignation of Chief Operating Officer and Chief Financial Officer

Issuer & Securities

Issuer/ Manager
CAMBRIDGE INDUSTRIAL TRUST MANAGEMENT LIMITED
Securities
CAMBRIDGE INDUSTRIAL TRUST - SG1T70931228 - J91U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jan-2016 19:52:51
Status
New
Announcement Sub Title
Resignation of Chief Operating Officer and Chief Financial Officer
Announcement Reference
SG160115OTHRUNZ1
Submitted By (Co./ Ind. Name)
Philip Levinson
Designation
CEO & Executive Director
Effective Date and Time of the event
15/01/2016 19:50:00
Description (Please provide a detailed description of the event in the box below)
Please see attached announcement.

Additional Details

Name Of Person
David Graham Mason
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
16/01/2016
Detailed Reason (s) for cessation
Due to personal reasons, Mr Mason has resigned from his position in the Company. While he will relinquish his position as Chief Operating Officer and Chief Financial Officer on 16 January 2016, he will remain as advisor in the Company to facilitate a smooth transition until April 2016 or earlier.
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
22/04/2013
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)
3
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.)
Chief Operating Officer and Chief Financial Officer
Role and responsibilities
Mr Mason, as the Chief Operating Officer, was responsible for managing and monitoring the daily operations of the Manager and the Trust. As the Chief Financial Officer, he was responsible for the financial performance and oversees all finance and capital management functions of the Manager and the Trust.
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
339,286 CIT units
Past (for the last 5 years)
Nil
Present
- Asia Pacific Real Estate Association (Non- Executive Director)
- Asia Pacific Real Estate Association (APREA) Hong Kong Limited (Non-Executive Director)

Attachments

20160115_COO_CFO_Ancemnt.pdf
Total size =90K