Change - Announcement of Cessation::Cessation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
M&C REIT MANAGEMENT LIMITED
Securities
CDL HOSPITALITY TRUSTS - SG1T66931158 - J85
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Name
DBS TRUSTEE LIMITED

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Aug-2016 17:49:06
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG160818OTHR0U4K
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director who is a member of the Nominating and Remuneration Committee.

Additional Details

Name Of Person
Daniel Marie Ghislain Desbaillets
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
13/09/2016
Detailed Reason (s) for cessation
Mr Daniel Marie Ghislain Desbaillets would be resigning from the Boards of Directors and the Nominating and Remuneration Committees ("NRCs") of M&C REIT Management Limited ("MRM" or "H-REIT Manager") and M&C Business Trust Management Limited ("MBTM" or "HBT Trustee-Manager"), as he would be taking up appointment as an Independent Non-Executive Director ("INED") on the Board of Millennium & Copthorne Hotels plc, the Sponsor and controlling stapled security holder of CDL Hospitality Trusts, a stapled group comprising CDL Hospitality Real Estate Investment Trust ("H-REIT") and CDL Hospitality Business Trust ("HBT").
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
02/09/2010
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.)
Independent Non-Executive Director and Member of the Nominating and Remuneration Committees of the H-REIT Manager and the HBT Trustee-Manager
Role and responsibilities
As above
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?
No
Past (for the last 5 years)
N.A.
Present
D2D Asia Pacific Ltd.
FreshCreation Holdings Pte. Ltd.
Fresh Innovations Pte. Ltd.
Salad Stop Pte. Ltd.