Change - Announcement of Cessation::Announcement of Cessation of Appointment as Group Chief Investment Officer

Issuer & Securities

Issuer/ Manager: FRASERS PROPERTY LIMITED
Securities: FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 10-Dec-2021 12:23:06
Status: New
Announcement Sub Title: Announcement of Cessation of Appointment as Group Chief Investment Officer
Announcement Reference: SG211210OTHRXUXY
Submitted By (Co./ Ind. Name): Catherine Yeo
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Cessation of Appointment as Group Chief Investment Officer

Additional Details

Name Of Person: Uten Lohachitpitaks
Age: 48
Is effective date of cessation known?: Yes
If yes, please provide the date: 01/01/2022
Detailed Reason (s) for cessation: Mr Uten Lohachitpitaks is stepping down as the Group Chief Investment Officer of Frasers Property Limited (the "Company") with effect from 1 January 2022 to pursue new interests.

Upon the departure of Mr Lohachitpitaks, Mr Loo Choo Leong, the Group Chief Financial Officer of the Company, will be assisting Mr Panote Sirivadhanabhakdi, the Group Chief Executive Officer of the Company, in a transition plan.
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: 01/10/2013
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: 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.): Group Chief Investment Officer
Role and responsibilities: The Group Chief Investment Officer is responsible for the Group's investment and capital markets transactions. He manages and monitors the Group's portfolio of assets, devises strategies for acquisitions and divestments and works closely with investment partners. As part of the leadership team, he also leads the Group's investment in PropTech companies and co-leads the Group's innovation governing committee. In addition, he provides leadership for the Indochina markets, namely Thailand and Vietnam.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries: No
Shareholding interest in the listed issuer and its subsidiaries?: Yes
Shareholding Details: 1,165,000 ordinary shares in the Company.

Mr Lohachitpitaks holds 401,359 awards under the Company's Restricted Share Plan ("FPL RSP") and 287,800 awards under its Performance Share Plan ("FPL PSP"), pursuant to which up to 508,059 shares in the Company ("Shares") under the FPL RSP and up to 575,600 Shares under the FPL PSP may be vested or delivered.
Past (for the last 5 years): Please see Attachment 1.
Present: Please see Attachment 1.

Attachments

Attachment 1.pdf

Press Release_Cessation of Appointment.pdf

Total size =133K

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