News
Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
BackSep 15, 2009
| Resignation Details | |
| Name Of Person | Benedict Kwek Gim Song |
| Age | 62 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 15/09/2009 |
| Detailed Reason(s) for Cessation | The cessation is part of the renewal process of the Board of Directors of Ascendas Funds Management (S) Limited ("AFM"), as manager for Ascendas Real Estate Investment Trust ("A-REIT"). |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 11/06/2002 |
| Job Title | Director and AC Chairman |
| Role and Responsibilities | Mr Kwek is an independent director and AC Chairman of AFM. |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 6 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 0 |
| Interest in the listed issuer and its subsidiaries | Mr Kwek holds a total of 128,000 units in A-REIT as at 15 September 2009. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil. |
| Other Directorship | |
| Past Directorship (for the last five years) | Mr Kwek was formerly President & CEO of Keppel TatLee Bank Ltd. He was previously a Board member of Jurong Town Corporation and a director of Jurong Port Pte Ltd. |
| Present Directorship | Mr Kwek is presently the Chairman of PST Management Pte Ltd which is the manager and trustee of SGX listed Pacific Shipping Trust. He also serves on the boards of Delmonte Pacific Ltd and NTUC ChoiceHomes Cooperatives and NTUC Club, where he is the Audit Committee Chairman of the two former companies. |