News

Change - Announcement Of Retirement Of Adj Professor Richard Rokmat Magnus As Non-Executive Independent Director

Back11 Apr 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

  1. Appendix A (Size: 62,993 bytes)