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

Issuer & Securities

Issuer/ Manager
BOWSPRIT CAPITAL CORPORATION LIMITED
Securities
FIRST REAL ESTATE INV TRUST - SG1U27933225 - AW9U
FIRST REIT S$100M4.125%N180522 - SG56E6992960 - 2VEB
FIRST REIT S$60M5.68% PERPSEC - SG73F5000007 - 4I3B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-May-2017 17:24:25
Status
New
Announcement Sub Title
Retirement of Executive Director and Chief Executive Officer
Announcement Reference
SG170519OTHRTRUK
Submitted By (Co./ Ind. Name)
Carl Gabriel Florian Stubbe
Designation
Chairman of the Board
Description (Please provide a detailed description of the event in the box below)
Retirement of Dr Ronnie Tan Keh Poo as Executive Director and Chief Executive Officer

Additional Details

Name Of Person
Dr Ronnie Tan Keh Poo
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
19/05/2017
Detailed Reason (s) for cessation
As part of the succession planning of Bowsprit Capital Corporation Limited, as Manager of First Real Estate Investment Trust (the "Manager"), Dr Ronnie Tan Keh Poo will retire from his role as Executive Director and Chief Executive Officer of the Manager
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
17/05/2006
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.)
Executive Director and Chief Executive Officer
Role and responsibilities
Full executive responsibilities over business direction and operational decisions in the day-to-day management of the Manager
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?
Yes
Shareholding Details
12,118,765 units
Past (for the last 5 years)
Please refer to Annexure A
Present
Allgreat Pte Ltd

Attachments

Annexure A_Dr Ronnie Tan.pdf
Total size =14K