Change - Announcement of Cessation::Resignation of Independent Director - Mr Goh Tiam Lock

Issuer & Securities

Issuer/ Manager
LMIRT MANAGEMENT LTD.
Securities
LIPPO MALLS INDO RETAIL TRUST - SG1W27938677 - D5IU
LIPPO MALLS TR S$140M7%PERPSEC - SG74H8000008 - 4V0B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jul-2020 20:26:32
Status
New
Announcement Sub Title
Resignation of Independent Director - Mr Goh Tiam Lock
Announcement Reference
SG200714OTHR14FQ
Submitted By (Co./ Ind. Name)
Liew Chee Seng James
Designation
Executive Director and CEO, LMIRT Management Ltd (as manager of Lippo Malls Indonesia Retail Trust)
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Goh Tiam Lock as Independent Director, Chairman of Nominating and Remuneration Committee and member of the Audit and Risk Committee

Additional Details

Name Of Person
Goh Tiam Lock
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2020
Detailed Reason (s) for cessation
In line with the board renewal process and having served as Independent Director of the Manager for close to a nine-year term, the Manager has procured the resignation from Mr Goh Tiam Lock as Independent Director. Accordingly, Mr Goh will also step down from his role as Chairman of the Nominating and Remuneration Committee and as a member of the Audit and Risk Committee.
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
27/09/2011
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating and Remuneration Committee and member of the Audit and Risk Committee
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
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Please see Annexure A
Present
Please see Annexure A

Attachments

Mr Goh_Annexure A.pdf
Changes_to_BOD_and_BOD_Committee.pdf
PR-LMIRT_announces_reconstitution_of_Board.pdf
Total size =130K