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