Change - Announcement of Cessation::Announcement of Cessation as Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
OUE HOSPITALITY REIT MANAGEMENT PTE. LTD.
Securities
OUE HOSPITALITY TRUST - SG2G03994610 - SK7
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-May-2018 20:04:32
Status
New
Announcement Sub Title
Announcement of Cessation as Chief Executive Officer and Executive Director
Announcement Reference
SG180531OTHRM8WH
Submitted By (Co./ Ind. Name)
Ng Ngai
Designation
Company Secretary,OUE Hospitality REIT Management Pte Ltd & OUE Hospitality Trust Management Pte Ltd
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Chong Kee Hiong as the Chief Executive Officer and Executive Director of OUE Hospitality REIT Management Pte. Ltd. and OUE Hospitality Trust Management Pte. Ltd..

Additional Details

Name Of Person
Chong Kee Hiong
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
15/07/2018
Detailed Reason (s) for cessation
Mr Chong Kee Hiong will relinquish his position as the Chief Executive Officer and Executive Director of OUE Hospitality REIT Management Pte. Ltd. and OUE Hospitality Trust Management Pte. Ltd. with effect from 15 July 2018 to pursue other professional interests.
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
11/06/2013
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
Role and responsibilities
Mr Chong manages all aspects of OUE Hospitality Trust's business
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
Direct and deemed interests in 1,607,082 stapled securities in OUE Hospitality Trust
Past (for the last 5 years)
Nil
Present
1. OUE Hospitality REIT Management Pte. Ltd.
2. OUE Hospitality Trust Management Pte. Ltd.
3. Aquamarina Hotel Private Limited
4. OUE H-T Treasury Pte. Ltd.
5. Singapore Hotel Association
6. SLF Leisure Enterprises (Pte) Ltd
7. Pasir Ris Resort Pte Ltd
8. NTUC Foodfare Co-operative Ltd
9. Golden Beeworks Sdn Bhd
10. Beeworks Inc

Attachments

OUEHT_Announcement on Cessation of CEO and Executive Director.pdf
Total size =153K