Change - Announcement of Cessation::Retirement of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
SASSEUR ASSET MANAGEMENT PTE. LTD.
Securities
SASSEUR REIT - SG1ED2000000 - CRPU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Jun-2018 22:23:35
Status
New
Announcement Sub Title
Retirement of Chief Financial Officer
Announcement Reference
SG180601OTHR0OSU
Submitted By (Co./ Ind. Name)
Anthony Ang Meng Huat
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Chief Financial Officer

Sponsorship Statement:

DBS Bank Ltd. is the sole financial adviser and issue manager to the Offering (the "Sole Financial Adviser and Issue Manager"). DBS Bank Ltd. and Bank of China Limited, Singapore Branch are the joint global coordinators to the Offering (collectively, the "Joint Global Coordinators"). DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited, Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited, Haitong International Securities (Singapore) Pte. Ltd. and Maybank Kim Eng Securities Pte. Ltd. are the joint bookrunners and underwriters to the Offering (collectively, the "Joint Bookrunners and Underwriters").

Additional Details

Name Of Person
Richard Tan Liat Chew
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
01/06/2018
Detailed Reason (s) for cessation
Mr Richard Tan Liat Chew retired from his position as Chief Financial Officer and shall remain as an advisor to Sasseur Asset Management Pte. Ltd. (as Manager of Sasseur Real Estate Investment Trust) with effect from 1 June 2018.
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
15/03/2017
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer ("CFO")
Role and responsibilities
To work with the Chief Executive Officer and the Manager's Management to formulate strategic plans for Sasseur REIT in accordance with the Manager's capital management strategy. The CFO is responsible for finance-related matters, including corporate finance, financial planning, accounting, budgetary controls, treasury, tax, and audit, internal controls and compliance reporting.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Please see Appendix 1 attached.
Present
Nil

Attachments