Change - Announcement Of Appointment Of Executive Director
BackOct 02, 2014
| Announcement Title | Change - Announcement of Appointment |
| Announcement Subtitle | Appointment of Executive Director |
| Securities | ASCENDAS INDIA TRUST (ASCENIND) |
| Date & Time of Broadcast | Oct 2, 2014 7:22 |
| Submitted By | Mary J. de Souza Company Secretary |
| Description | Appointment of Executive Director |
| Appointment Details | |
| Date of appointment | Oct 1, 2014 |
| Name of person | Sanjeev Dasgupta |
| Age | 47 |
| Country of principal residence | Singapore |
| The Board's comments on this appointment | The Board of Directors of Ascendas Property Fund Trustee Pte. Ltd. ("APFT") has reviewed Mr Dasgupta's appointment as recommended by the Nominating Committee, and agreed that he is well qualified, experienced and capable to perform the role of Executive Director of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Mr Dasgupta's key responsibilities in APFT include overseeing corporate development, finance, asset and investment management, and investor relations functions in managing Ascendas India Trust. |
| Job title | Executive Director and Chief Executive Officer |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Conflict of interests (including any competing business) | None |
| Working experience and occupation(s) during the past 10 years | Mr Dasgupta joined APFT on 15 January 2014 as Assistant Chief Executive Officer and was appointed as Chief Executive Officer on 11 July 2014. Prior to this, Mr Dasgupta was President of Real Estate at ICICI Venture, where he was responsible for real estate private equity investments. The company is one of India's leading fund managers. The real estate funds under management were approximately USD 600 million. From 2005 to 2009, Mr Dasgupta was Managing Director of Future Capital Holdings Limited. He managed investments for the real estate private equity funds of approximately USD 430 million. From 2004, Mr Dasgupta worked with Epicenter Technologies Pvt. Ltd. as CFO and with Essar Group. |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Other Directorships | |
| Note: These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9) or Catalist Rule 704(8) | |
| Past (for the last 5 years) | Please refer to the attachment |
| Present | Please refer to the attachment |
| Information Required Persuant To Listing Rule 704(7)(H) | |
| (a) Whether at any time during the past 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at any time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of:- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | Yes |
| If yes, please provide full details | From 24/1/2007 to 12/11/2009, Mr Dasgupta was on the Board of Rajlaxmi Griha Nirman Pvt. Ltd., a Special Purpose Vehicle ("SPV") incorporated in India for a development project (the "Project"). Mr Dasgupta was a nominee Director of the SPV, having been appointed by an investor in the Project but he was not involved in the management of the SPV. There were certain inadvertent administrative lapses by the SPV under the Companies Act, most of which have been rectified. Only two items remain under review and are currently being resolved by the SPV, specifically the corporate filing of a directorship appointment, and the appointment of a full time company secretary within the prescribed timeline. These are expected to be resolved soon. |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued with any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Information Required persuant to Listing Rule 704(7)(I) | |
| Note: Disclosure applicable to the appointment of Director only | |
| Any prior experience as a director of a listed company? | No |
| If yes, please provide full details | Mr Dasgupta has been briefed on the roles and responsibilities of a director of a listed company. He will be attending the Listed Company Director Programme organised by Singapore Institute of Directors. |
Attachments
- Attachment 1 (Size: 11,099 bytes)