Change - Announcement Of Cessation As Chief Financial Officer

BackSep 26, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Sep 26, 2018 18:33
Status New
Announcement Sub Title Announcement of Cessation as Chief Financial Officer
Announcement Reference SG180926OTHR4CK7
Submitted By (Co./ Ind. Name) Ng Ngai
Designation Company Secretary,OUE Hospitality REIT Management Pte Ltd & OUE Hospitality Trust Management Pte Ltd
Description (Please provide a detailed description of the event in the box below) Cessation of Mr Gan Chee Teik as the Chief Financial Officer of OUE Hospitality REIT Management Pte. Ltd. and OUE Hospitality Trust Management Pte. Ltd..
Additional Details
Name Of Person Gan Chee Teik
Age 47
Is effective date of cessation known? Yes
If yes, please provide the date 28/09/2018
Detailed Reason (s) for cessation Mr Gan Chee Teik ("Mr Gan") will relinquish his position as the Chief Financial Officer of OUE Hospitality REIT Management Pte. Ltd. and OUE Hospitality Trust Management Pte. Ltd. with effect from 28 September 2018 to pursue other professional interests.

The Board of Directors of OUE Hospitality REIT Management Pte. Ltd., as manager of OUE Hospitality Real Estate Investment Trust, and the Board of Directors of OUE Hospitality Trust Management Pte. Ltd., as trustee-manager of OUE Hospitality Business Trust, are currently in the process of searching for a suitable candidate and will make the relevant announcements in due course.
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 01/08/2014
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 Financial Officer
Role and responsibilities Mr Gan is responsible for the finances of OUE Hospitality Trust ("OUE H-Trust"). His key role is to focus, monitor and report on the financial performance of OUE H-Trust. He is also responsible for the preparation of statutory accounts, co-ordination with external auditors, managing tax affairs and treasury matters, and preparation of performance reports for investors and compliance reporting to regulators.
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) Please see Annexure A attached
Present Nil

Attachments

  1. Annexure A (Size: 5,316 bytes)