Change - Announcement of Cessation::Announcement of Cessation as Deputy Chairman and Non-Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
OUE LIMITED
Securities
OUE LIMITED - SG2B80958517 - LJ3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Mar-2024 22:30:46
Status
New
Announcement Sub Title
Announcement of Cessation as Deputy Chairman and Non-Executive Non-Independent Director
Announcement Reference
SG240331OTHRUQNQ
Submitted By (Co./ Ind. Name)
Kelvin Chua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Christopher James Williams as Deputy Chairman of the board of Directors (the "Board") of OUE Limited and a Non-Executive Non-Independent Director

Additional Details

Name Of Person
Christopher James Williams
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
01/04/2024
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr Christopher James Williams ("Mr Williams") will resign as the Deputy Chairman of the Board and a Non-Executive Non-Independent Director with effect from 1 April 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
19/07/2006
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy Chairman and Non-Executive Non-Independent Director
Role and responsibilities
Non-executive
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
Deemed interest of 982,041 units in OUE Real Estate Investment Trust ("OUE REIT") (formerly known as OUE Commercial Real Estate Investment Trust).

Note: OUE REIT is not regarded as a subsidiary of the Company under the Companies Act 1967. Notwithstanding the foregoing, since OUE REIT is treated as a subsidiary for accounting purposes, for completeness, the Company has elected to include information on Mr Williams' deemed interest in OUE REIT units.
Past (for the last 5 years)
1. OUE REIT Management Pte. Ltd. (formerly known as OUE Commercial REIT Management Pte. Ltd.) (the manager of OUE Real Estate Investment Trust (formerly known as OUE Commercial Real Estate Investment Trust))

2. OUE Hospitality REIT Management Pte. Ltd. (dissolved through a member's voluntary winding up)

3. OUE Hospitality Trust Management Pte. Ltd. (in liquidation pursuant to a member's voluntary winding up)

4. Sterling International Hong Kong Limited
Present
1. First REIT Management Limited (the manager of First Real Estate Investment Trust)

2. HWB (Corporate Services) Limited

3. HWB (Property) Limited

4. HWB (Services) Limited

5. Jadespeed Limited

6. Kumquat Limited

7. OUB Centre Limited

8. Staraward Limited