Change - Announcement of Cessation::Announcement of Cessation as Independent Director

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2017 19:34:05
Status
New
Announcement Sub Title
Announcement of Cessation as Independent Director
Announcement Reference
SG170425OTHRFEG8
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation as Independent Director

Additional Details

Name Of Person
Tang See Chim
Age
84
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2017
Detailed Reason (s) for cessation
Mr Tang See Chim retired as an Independent Non-Executive Director of the Company following the conclusion of the 54th Annual General Meeting of the Company, having served the Board for more than 20 years.
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
28/08/1995
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 and Independent Director, Member of Board Committee, Member of Audit & Risk Committee and Member of Remuneration Committee
Role and responsibilities
As above
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 Interest in City Developments Limited:
(a) 11,000 ordinary shares
(b) 4,000 preference shares
Past (for the last 5 years)
1. Anne Product Carriers (Pte) Ltd
2. G.K. Goh Holdings Limited
3. New Toyo International Holdings Ltd
4. Nexus Asia Investment Management Pte Ltd
5. Nanyang Girls High School Ltd
Present
1. Dutech Holdings Limited
2. Jutha Phakakrong Shipping Company Private Limited
3. Nanyang International Educations (Holdings) Ltd
4. Wang Bian Pte Ltd