Change - Announcement of Cessation::Resignation of Chairperson and Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
LENDLEASE GLOBAL COMMERCIAL TRUST MANAGEMENT PTE. LTD.
Securities
LENDLEASE GLOBAL COMMERCIAL REIT - SGXC61949712 - JYEU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Jul-2023 17:15:15
Status
New
Announcement Sub Title
Resignation of Chairperson and Non-Independent Non-Executive Director
Announcement Reference
SG230719OTHR2JBX
Submitted By (Co./ Ind. Name)
Jill Chay
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Chairperson of the Board of Directors of Lendlease Global Commercial Trust Management Pte. Ltd. (as Manager of Lendlease Global Commercial REIT), a Non-Independent Non-Executive Director and a Nomination and Remuneration Committee Member.

Additional Details

Name Of Person
Ng Hsueh Ling
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
08/08/2023
Detailed Reason (s) for cessation
Ms Ng Hsueh Ling, Chairperson and director of Lendlease Global Commercial Trust Management Pte Ltd ("Manager"), will be stepping down as Chairperson and director of the Manager as she is leaving Lendlease Group, the holding company of the Manager. Ms Ng will step down from her role as Chairperson and director of the Manager effective 8 August 2023.

The Board would like to express their gratitude and appreciation to Ms Ng for her invaluable contributions during her tenure as Chairperson and director of the Company.
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
21/01/2019
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.)
Chairperson, a Non-Independent Non-Executive Director of the Manager and a Nomination and Remuneration Committee Member
Role and responsibilities
Chairperson, a Non-Independent Non-Executive Director of the Manager and a Nomination and Remuneration Committee Member
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
2,509,050
Past (for the last 5 years)
Bergen Residential Development Pte. Ltd.
Bergen Residential Holdings Pte. Ltd.
Bergen Residential Investment Pte. Ltd.
Lendlease Asian Retail Investment Fund 2 Limited
Lendlease Asian Retail Investment Fund 3 Limited
Lendlease Asian Retail Investment Fund 4 Limited
Lendlease Asian Retail Investment Fund 5 Limited
Lendlease Global Commercial (AU) Pte. Ltd.
Lendlease Global Commercial (SG) Pte. Ltd.
Lendlease Windmill Commercial Pte. Ltd.
Lendlease Windmill Residential Pte. Ltd.
Schagen Commercial Development Pte. Ltd.
Schagen Commercial Holdings Pte. Ltd.
Schagen Commercial Investment Pte. Ltd.
LL Investment Holdings Ltd
LL JV Ltd
Triple Eight Investment Holdings Limited
Triple Eight JV Limited
Greenhill Resources Sdn Bhd
Lendlease DC Holdings Trustee Pte. Ltd.
Present
Lendlease Asian Retail Investment Fund 1 Limited (In liquidation)
Lendlease Global Commercial (IT) Pte Ltd
Lendlease Global Commercial (SGP) Pte Ltd
Lendlease Global Commercial Trust Management Pte. Ltd.
Lendlease Investment Management Pte. Ltd.
Lendlease PP Office Pte. Ltd.
Lendlease PP Retail Pte. Ltd.
Lendlease Retail Pte. Ltd.
Lendlease Singapore Holdings Pty Limited
Lendlease Singapore Pte. Ltd.
Lendlease Vault Holdings Pte. Ltd.
Milano Central Pte. Ltd.
Milano Central Holdings Ltd
Milano Holdings JV Ltd
Parkway Parade Partnership Limited
Parkway Parade Partnership Pte. Ltd.
Prime Asset Holdings Limited
Quintique Investment Pte. Ltd.
Roma Central Pte. Ltd.
Roma Central Holdings Ltd
Roma Holdings JV Ltd
Singapore Hokkien Huay Kuan Cultural Academy
Space Lab Holding Pte. Ltd.
Space Lab One Pte. Ltd.
Verona Central Holdings Ltd
Verona Central Pte. Ltd.
Verona Holdings JV Ltd
Yunnan Realty Pte Ltd