Change - Announcement of Cessation::Resignation of Lead Independent Non-Executive Director and Chairman of Audit Committee

Issuer & Securities

Issuer/ Manager
YTL STARHILL GLOBAL REIT MANAGEMENT LIMITED
Securities
STARHILL GLOBAL REIT - SG1S18926810 - P40U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Oct-2016 17:48:35
Status
New
Announcement Sub Title
Resignation of Lead Independent Non-Executive Director and Chairman of Audit Committee
Announcement Reference
SG161024OTHRDFEM
Submitted By (Co./ Ind. Name)
Lam Chee Kin
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Lead Independent Non-Executive Director and Chairman of Audit Committee

Additional Details

Name Of Person
Keith Tay Ah Kee
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
01/11/2016
Detailed Reason (s) for cessation
Mr Tay has resigned to facilitate a progressive renewal of the Board in view of new regulations of The Monetary Authority of Singapore (to take effect no later than the first annual general meeting relating to financial years ending on or after 31 December 2016) that an independent director of the manager of a Real Estate Investment Trust should not have served for a continuous period of 9 years or longer.
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
01/10/2007
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Non-Executive Director and Chairman of the Audit Committee
Role and responsibilities
Lead Independent Non-Executive Director and Chairman of the Audit Committee
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
1,000,000 units in Starhill Global Real Estate Investment Trust
Past (for the last 5 years)
Allgreen Properties Ltd
SATS Limited and subsidiaries
Singapore Institute of Directors
Singapore International Chamber of Commerce
Singapore Post Limited and related companies
Singapore Reinsurance Corporation Ltd and subsidiary
SP Power Assets Limited and related company
Stirling Coleman Capital Limited
Present
Rotary Engineering Limited
FJ Benjamin Holdings Ltd
AMVIG Holdings Limited
Stirling Coleman Private Limited and related companies
Keith Tay Associates Pte Ltd
MCCALLUM Pte Ltd