Investor Information / Newsroom / News
Announcement Title | Change - Announcement of Cessation |
Announcement Subtitle | Cessation of Independent Non-Executive Director |
Securities |
CDL HOSPITALITY TRUSTS (CDLHT) |
Date & Time of Broadcast | Aug 18, 2016 17:49 |
Submitted By |
Enid Ling Peek Fong Company Secretary |
Description | Resignation of Independent Non-Executive Director who is a member of the Nominating and Remuneration Committee. |
Cessation Details | |
Name of person | Daniel Marie Ghislain Desbaillets |
Age | 66 |
Is effective date of cessation known? | Yes |
Effective date for cessation | Sep 13, 2016 |
Detailed reason(s) for cessation | Mr Daniel Marie Ghislain Desbaillets would be resigning from the Boards of Directors and the Nominating and Remuneration Committees ('NRCs') of M&C REIT Management Limited ('MRM' or 'H-REIT Manager') and M&C Business Trust Management Limited ('MBTM' or 'HBT Trustee-Manager'), as he would be taking up appointment as an Independent Non-Executive Director ('INED') on the Board of Millennium & Copthorne Hotels plc, the Sponsor and controlling stapled security holder of CDL Hospitality Trusts, a stapled group comprising CDL Hospitality Real Estate Investment Trust ('H-REIT') and CDL Hospitality Business Trust ('HBT'). |
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 | Sep 2, 2010 |
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 | 1 |
Job Title | Independent Non-Executive Director and Member of the Nominating and Remuneration Committees of the H-REIT Manager and the HBT Trustee-Manager |
Role and responsibilities | As above |
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | NIL |
Shareholdings interest in the listed issuer and its subsidaries? | No |
Other directorships | |
Past (for the last 5 years) | N.A. |
Present |
D2D Asia Pacific Ltd. FreshCreation Holdings Pte. Ltd. Fresh Innovations Pte. Ltd. Salad Stop Pte. Ltd. |
CDL Hospitality Trusts published this content on 18 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 August 2016 10:15:01 UTC.
Original documenthttp://cdlhtrust.listedcompany.com/news.html/id/542250
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