News
Change - Announcement Of Cessation Of Independent Director Who Is An Audit Committee Member
BackNov 28, 2014
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | CESSATION OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER |
| Securities | ASCENDAS REAL ESTATE INV TRUST (ASCENDAS) |
| Date & Time of Broadcast | Nov 28, 2014 17:18 |
| Submitted By | Mary Judith de Souza Company Secretary |
| Effective date and time | Nov 28, 2014 17:15 |
| Description | Cessation of Independent Director who is an Audit Committee member. |
| Cessation Details | |
| Name of person | Chia Kim Huat |
| Age | 47 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Nov 30, 2014 |
| Detailed reason(s) for cessation | Mr Chia's retirement from the Board is part of the regular board renewal process which is a policy of Ascendas Funds Management (S) Limited ("AFM"), as manager of Ascendas Real Estate Investment Trust ("A-REIT"). |
| 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 | Apr 22, 2008 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | 0 |
| Job Title | Independent Director of AFM, a member of the Audit Committee ("AC") and a member of the Operational Risk Management Committee ("ORMC"). |
| Role and responsibilities | As an independent Director of AFM, a member of the AC and a member of the ORMC, Mr Chia has provided guidance in the area of compliance and governance. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | Nil |
| Present | 1) PEC Ltd 2) R&T Corporate Services Pte Ltd |