Change - Announcement Of Cessation Of Chief Financial Officer
BackJul 27, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 27, 2017 17:23 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Financial Officer |
| Announcement Reference | SG170727OTHRYROU |
| 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 Chief Financial Officer |
| Additional Details | |
| Name Of Person | Tan Meng Teck, Arthur |
| Age | 43 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/07/2017 |
| Detailed Reason (s) for cessation | Mr Tan Meng Teck, Arthur has been with the Company since 2013 and has been the Chief Financial Officer of Ascendas Property Fund Trustee Pte. Ltd. (APFT), in its capacity as the Trustee-Manager of Ascendas India Trust (a-iTrust), and its subsidiaries. After more than 4 years of service, Mr Tan has decided to tender his resignation to pursue a career interest out of the Group. |
| 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 | 11/03/2013 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking 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 Financial Officer |
| Role and responsibilities | Mr Tan oversees the financial operations of APFT, in its capacity as Trustee-Manager of a-iTrust, and its subsidiaries. This includes financial compliance and reporting, financial management, corporate finance and treasury management. |
| 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) | 1. Ascendas India Fund Holdings Pte. Ltd. 2. Ascendas India Growth Programme 1 Pte. Ltd. 3. Ascendas IT Park (Chennai) Limited 4. Information Technology Park Ltd 5. G.P. Realtors Private Ltd |
| Present | Nil |