Change - Announcement Of Cessation As Chief Executive Officer And Re-Designation As Non-Executive Non-Independent Director
BackJul 31, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 31, 2024 17:29 |
| Status | New |
| Announcement Sub Title | Cessation as Chief Executive Officer and Re-designation as Non-Executive Non-Independent Director |
| Announcement Reference | SG240731OTHRMOA1 |
| Submitted By (Co./ Ind. Name) | Hon Wei Seng |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation as Chief Executive Officer and Re-designation of Mr Sanjeev Durjhati Prasad Dasgupta as Non-Executive Non-Independent Director |
| Additional Details | |
| Name Of Person | Sanjeev Durjhati Prasad Dasgupta |
| Age | 57 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/08/2024 |
| Detailed Reason (s) for cessation | As part of the regular succession and leadership renewal process of CapitaLand India Trust Management Pte Ltd ("CLINTMPL") (as trustee-manager of CapitaLand India Trust ("CLINT")). Mr Dasgupta will relinquish his role as Chief Executive Officer and Executive Non-Independent Director of CLINTMPL to focus on his duties as Chief Executive Officer of CLI India Pte Ltd, a subsidiary of CapitaLand Investment Limited ("CLI"). CLI is a substantial unitholder of CLINT. |
| 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 | 11/07/2014 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer and Executive Non-Independent Director |
| Role and responsibilities | The current position is executive in nature. Mr Dasgupta has full executive responsibilities over the business directions and operation decisions of CLINT and is responsible for spearheading the overall strategic planning and implementation of the business, investment and operational strategies for CLINT. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil (Note: Mr Dasgupta is an employee of CapitaLand Investment Limited, which is a substantial unitholder of the listed issuer) |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Mr Dasgupta holds 1,529,566 units in CLINT. |
| Past (for the last 5 years) | Please refer to Appendix "A" |
| Present | Please refer to Appendix "A" |
Attachments
- Appendix "A" (Size: 63,697 bytes)