Change - Announcement of Cessation::Retirement of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
MAPLETREE INDUSTRIAL TRUST MANAGEMENT LTD.
Securities
MAPLETREE INDUSTRIAL TRUST - SG2C32962814 - ME8U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Aug-2019 20:38:03
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG190823OTHRXHD3
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 Mr Wee Joo Yeow as Independent Non-Executive Director of Mapletree Industrial Trust Management Ltd. (the "Manager"). His appointment as Chairman of the Nominating and Remuneration Committee will also cease.

Additional Details

Name Of Person
Wee Joo Yeow
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2019
Detailed Reason (s) for cessation
Mr Wee Joo Yeow retires as Independent Non-Executive Director and Chairman of Nominating and Remuneration Committee of the Manager on 31 August 2019 pursuant to the 9-year rule with respect to Independent Directors under the Securities and Futures (Licensing and Conduct of Business) Regulations of the Monetary Authority of Singapore.
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
07/09/2010
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 Nominating and Remuneration 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?
Yes
Shareholding Details
540,000 units in Mapletree Industrial Trust
Past (for the last 5 years)
Nil
Present
1. WJY Holdings Pte Ltd
2. WTT Investment Pte Ltd
3. Oversea-Chinese Banking Corporation Limited
4. PACC Offshore Services Holdings Ltd
5. Frasers Property Limited
6. OCBC Management Services Private Limited
7. Great Eastern Holdings Limited