Change - Announcement of Cessation::Cessation of Non-Executive Non-Independent Director - Carl Gabriel Florian Stubbe

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Oct-2018 20:50:41
Status
New
Announcement Sub Title
Cessation of Non-Executive Non-Independent Director - Carl Gabriel Florian Stubbe
Announcement Reference
SG181026OTHR3AVM
Submitted By (Co./ Ind. Name)
Victor Tan Kok Mian
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Carl Gabriel Florian Stubbe as Non-Executive Non-Independent Director, Chairman of the Board and Audit Committee member

Additional Details

Name Of Person
Carl Gabriel Florian Stubbe
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
26/10/2018
Detailed Reason (s) for cessation
The resignation of Mr Carl Gabriel Florian Stubbe was part of the completion of the change in controlling shareholder of Bowsprit Capital Corporation Limited, as manager of First Real Estate Investment Trust.

Consequently, Mr Carl Gabriel Florian Stubbe also relinquished his position as Non-Executive Non-Independent Director, Chairman of the Board and Audit Committee member.
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
11/05/2017
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)
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.)
Non-Executive Non-Independent Director, Chairman of the Board and Audit Committee member
Role and responsibilities
Non-Executive
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)
OUE Commercial REIT Management Pte. Ltd.
Present
None