Change - Announcement of Cessation::Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Property Australia

Issuer & Securities

Issuer/ Manager
FRASERS PROPERTY LIMITED
Securities
FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jan-2024 07:33:29
Status
New
Announcement Sub Title
Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Property Australia
Announcement Reference
SG240115OTHRHOUP
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Appointment as Chief Executive Officer, Frasers Property Australia

Additional Details

Name Of Person
Anthony Boyd
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
01/02/2024
Detailed Reason (s) for cessation
Mr Anthony Boyd will be stepping down as Chief Executive Officer of Frasers Property Australia, a strategic business unit of Frasers Property Limited ("FPL" and together with its subsidiaries, the "Group") and will be appointed to a newly created role of Group Chief Operating Officer of FPL from 1 February 2024 following the key organisational changes of the Group.

Please refer to the press release attached as Attachment 1 issued concurrently with this announcement for more information.
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
01/10/2020
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer, Frasers Property Australia
Role and responsibilities
The Chief Executive Officer, Frasers Property Australia is responsible for the Group's Australia strategic business unit. He oversees the Group's development and investment operations in Australia across the mixed-use, residential, commercial and retail sectors. He is also responsible for the Australian investment property portfolio management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Anthony Boyd holds 150,168 awards under FPL's Restricted Share Plan ("FPL RSP"), pursuant to which up to 150,168 shares of FPL may vest. During the financial year ended 30 September 2023, the Remuneration Committee of FPL has approved settling all outstanding share awards under the FPL RSP in cash on vesting in accordance with the terms of the FPL RSP.
Other Directorships
Past (for the last 5 years)
Please see Attachment 2.
Present
Please see Attachment 2.

Attachments

Attachment 1.pdf
Attachment 2_AB.pdf
Total size =333K