Change - Announcement of Cessation::Retirement of Independent Non-Executive Director who is Chairman of the Audit and Risk Committee

Issuer & Securities

Issuer/ Manager
MPACT MANAGEMENT LTD.
Securities
MAPLETREE PANASIA COM TRUST - SG2D18969584 - N2IU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-May-2024 18:52:56
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director who is Chairman of the Audit and Risk Committee
Announcement Reference
SG240515OTHRJVPL
Submitted By (Co./ Ind. Name)
Wan Kwong Weng
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Non-Executive Director and Chairman of Audit and Risk Committee of MPACT Management Ltd. (the "Manager").

Additional Details

Name Of Person
Premod Paul Thomas
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
14/06/2024
Detailed Reason (s) for cessation
Mr Premod P. Thomas retires as an Independent Non-Executive Director and Chairman of Audit and Risk Committee of the Manager due to the Monetary Authority of Singapore (MAS) rule on 9-year limit for Independent Directors.
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
15/06/2015
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)
9
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.)
Independent Non-Executive Director and Chairman of Audit and Risk Committee of the Manager
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Fullerton India Credit Company Ltd
Bayfront Infrastructure Management Pte. Ltd.
BIM Asset Management Pte. Ltd.
Bayfront Infrastructure Capital II Pte. Ltd.
Bayfront Infrastructure Capital III Pte. Ltd.
Present
Capital Insights Pte. Ltd.
Gemstone Asset Holdings Pte. Ltd.
Sustainable Energy Infra Investment Managers Private Limited