Announcement Title | Change - Announcement of Cessation |
Announcement Subtitle | Resignation of Chief Executive Officer and Executive Director |
Securities |
OUE COMMERCIAL REIT (OUE COM REIT) |
Date & Time of Broadcast | Oct 22, 2021 22:01 |
Submitted By |
Kelvin Chua Company Secretary, OUE Commercial REIT Management Pte. Ltd. (as Manager of OUE Commercial REIT) |
Description | Resignation of Ms Tan Shu Lin as Chief Executive Officer and Executive Director of OUE Commercial REIT Management Pte. Ltd. (the "Manager") |
Cessation Details | |
Name of person | Tan Shu Lin |
Age | 48 |
Is effective date of cessation known? | Yes |
Effective date for cessation | Nov 30, 2021 |
Detailed reason(s) for cessation | To pursue other opportunities |
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? | Yes |
If yes, please provide full details | A successor CEO is being identified and an announcement will follow in due course. |
Date of appointment to current position | Oct 31, 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 this 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 | 0 |
Job Title | Chief Executive Officer and Executive Director of the Manager |
Role and responsibilities | As Chief Executive Officer and Executive Director of the Manager, Ms Tan is responsible for the strategic management, growth and operation of OUE Commercial Real Estate Investment Trust ("OUE C-REIT"). She works with the Board to determine OUE C-REIT's business strategies and plans, and with the management team to ensure that such strategies are executed accordingly. |
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? | Yes |
Shareholding Details | Ms Tan holds a direct interest in 663,375 units in OUE C-REIT. |
Other directorships | |
Past (for the last 5 years) | Nil |
Present |
1. OUE Commercial REIT Management Pte. Ltd. 2. OUE Hospitality Trust Management Pte. Ltd. 3. Lippo Realty (Shanghai) Limited 4. OUE CT Treasury Pte. Ltd. 5. OUB Centre Limited 6. Beacon Property Holdings Pte. Ltd. 7. Cresthill Property Holdings Pte. Ltd. 8. OUE Eastern Pte. Ltd. 9. Marina Bay Alliance Limited 10. Raffles Place Alliance Ltd. 11. Tecwell Pte. Ltd. 12. BPH Propco LLP |
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OUE Commercial Reit published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 14:13:08 UTC.