Change - Announcement Of Retirement Of Adj Professor Richard Rokmat Magnus As Non-Executive Independent Director
BackApr 11, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 11, 2019 18:11 |
| Status | New |
| Announcement Sub Title | Retirement of Adj Professor Richard Rokmat Magnus as Non-Executive Independent Director |
| Announcement Reference | SG190411OTHRZHFZ |
| Submitted By (Co./ Ind. Name) | Lee Ju Lin, Audrey |
| Designation | Company Secretary, CapitaLand Mall Trust Management Limited |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Adj Professor Richard Rokmat Magnus as Non-Executive Independent Director of CapitaLand Mall Trust Management Limited with effect from 12 April 2019. His appointment as Chairman of the Board and Chairman of the Corporate Disclosure Committee will also cease. |
| Additional Details | |
| Name Of Person | Richard Rokmat Magnus |
| Age | 74 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 12/04/2019 |
| Detailed Reason (s) for cessation | Under the Securities and Futures (Licensing and Conduct of Business) Regulations of the Monetary Authority of Singapore, an independent director is one who has not served as a director for a continuous period of 9 years ("9-year Rule"). Professor Magnus has served as a Non-Executive Independent Director for almost 9 years, and is stepping down as an independent director pursuant to the 9-year Rule. |
| 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 | 03/05/2010 |
| 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) | 4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Independent Director, Chairman of the Board and Chairman of the Corporate Disclosure Committee. |
| Role and responsibilities | Non-Executive Independent Director, Chairman of the Board and Chairman of the Corporate Disclosure 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 | 100,364 units in CapitaLand Mall Trust (Direct Interest) |
| Past (for the last 5 years) | Please refer to the attached Appendix A. |
| Present | Please refer to the attached Appendix A. |
Attachments
- Appendix A (Size: 62,993 bytes)
