News
Change - Announcement Of Cessation Of CEO, Australia
BackJun 28, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 28, 2019 17:26 |
| Status | New |
| Announcement Sub Title | Cessation of CEO, Australia |
| Announcement Reference | SG190628OTHRE5PZ |
| Submitted By (Co./ Ind. Name) | Mary Judith de Souza |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of CEO, Australia |
| Additional Details | |
| Name Of Person | Paul Toussaint |
| Age | 55 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/07/2019 |
| Detailed Reason (s) for cessation | Due to internal re-organisation, the Appointee will be re-deployed to another entity within the Group. The Appointee would continue to manage Ascendas Real Estate Investment Trust's business, operations and assets in Australia via a service agreement to be entered into with Ascendas Funds Management (S) Limited. |
| 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 | 30/08/2017 |
| 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) | 6 |
| 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.) | CEO, Australia |
| Role and responsibilities | Executive. Mr Paul Toussaint's key responsibilities include the overall management of Ascendas Real Estate Investment Trust's business, operations and assets in Australia. |
| 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? | No |
| Past (for the last 5 years) | Protus Prime Property Group CIP Funds Management Pty Ltd |
| Present | Ascendas Funds Management (Australia) Pty Ltd |