Menu

News

Change - Announcement Of Resignation Of Chairman Of The Board And Independent Non-Executive Director

BackSep 19, 2014

Announcement Title	Change - Announcement of Cessation
Announcement Subtitle	Resignation of Chairman of the Board and Independent Non-Executive Director
Securities	CAPITACOMMERCIAL TRUST (CCT)
Date & Time of Broadcast	Sep 19, 2014 18:27
Submitted By	Doris Lai Company Secretary, CapitaCommercial Trust Management Limited as manager of CapitaCommercial Trust
Description	Resignation of Chairman of the Board and Independent Non-Executive Director.
Cessation Details
Name of person	Kee Teck Koon
Age	58
Is effective date of cessation known?	Yes
Effective date for cessation	Sep 22, 2014
Detailed reason(s) for cessation	Mr Kee Teck Koon has been appointed an Independent Non-Executive Director of CapitaLand Limited ("CL"), the holding company of the Company. Due to the time commitment expected of him arising from his appointment as a director of CL, Mr Kee is stepping down for Mr Soo Kok Leng, another Independent Non-Executive Director, to take over as Chairman of the Board.
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	Jan 1, 2013
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)	3
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months	0
Job Title	Chairman and Independent Non-Executive Director
Role and responsibilities	As Chairman, Mr Kee was responsible for leading the Board and ensuring that it is effective on all aspects of its role. He was also responsible for ensuring that the members of the Board and Management work together with integrity, competency and moral authority, and that the Board constructively engages Management on strategy, business operations, enterprise risk and other plans.
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?	Yes
Shareholding Details	11,603 units in CapitaCommercial Trust
Other directorships
Past (for the last 5 years)	1. CapitaMall Trust Management Limited 2. CapitaMalls Malaysia REIT Management Sdn. Bhd. 3. Park Hotel Business Trust Management Pte Limited 4. Park Hotel REIT Management Pte Limited 5. Singapore Institute of Directors 6. NTUC LearningHub Pte Ltd 7. NTUC Investment Co-operative Ltd 8. NTUC First Campus Co-operative Ltd 9. NCC Holdings Pte Ltd 10. The Little Skool-House International Pte Ltd 11. Bright Horizons Fund 12. SEED Institute Pte Ltd 13. Lien AID Limited
Present	1. Changi Airports International Pte Ltd 2. Alexandra Health Endowment Fund 3. Raffles Medical Group Ltd 4. NTUC Enterprise Co-operative Limited 5. Ascendas Pte Ltd 6. Wildlife Reserves Singapore Pte Ltd 7. NTUC Income Insurance Co-operative Limited 8. CapitaLand Limited (with effect from 22 September 2014)

For Media

The information behind this electronic gatepost is only being made available to residents of Singapore.

In particular, the units of CapitaLand Commercial Trust have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the U.S. Securities Act. The units of CapitaLand Commercial Trust are only being offered outside the United States in reliance on Regulation S under the U.S. Securities Act or otherwise pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the U.S.

By clicking on the “I agree” button below, you will have acknowledged the foregoing restrictions and represented that you are resident in Singapore and are not accessing this website from jurisdictions outside of Singapore, including the United States.

I Agree I Do Not Agree