Change - Announcement of Cessation::CESSATION OF APPOINTMENT OF NON-EXECUTIVE LEAD INDEPENDENT DIRECTOR
Issuer & Securities
Issuer/ ManagerAIMS AMP CAPITAL INDUSTRIAL REIT MANAGEMENT LIMITED
SecuritiesAIMS AMP CAP INDUSTRIAL REIT - SG2D63974620 - O5RU
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast29-Mar-2019 17:31:59
StatusNew
Announcement Sub TitleCESSATION OF APPOINTMENT OF NON-EXECUTIVE LEAD INDEPENDENT DIRECTOR
Announcement ReferenceSG190329OTHROJQV
Submitted By (Co./ Ind. Name)STELLA YEAK
DesignationCOMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)Cessation of appointment of Mr Norman Ip Ka Cheung as Non-Executive, Lead Independent Director, Chairman of the Audit, Risk and Compliance Committee ("ARCC") and member of the Nominating and Remuneration Committee ("NRC").
Additional Details
Name Of PersonNORMAN IP KA CHEUNG
Age66
Is effective date of cessation known?Yes
If yes, please provide the date29/03/2019
Detailed Reason (s) for cessationMr Ip has served on the board of AIMS AMP Capital Industrial REIT Management Limited (the "Board") as a Non-Executive Independent Director since 31 March 2010. In compliance with the Monetary Authority of Singapore's statutory nine-year limit for Independent Directors of a REIT Manager, Mr Ip will be stepping down from the Board on 29 March 2019. He will also be retiring as the Chairman of the ARCC and member of the NRC with effect from 29 March 2019.
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 position31/03/2010
Does the AC have a minimum of 3 members (taking into account this cessation)?Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Non-Executive Lead Independent Director, Chairman of ARCC and member of NRC.
Role and responsibilitiesNon-Executive Lead Independent Director, Chairman of ARCC and member of NRC.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNone
Shareholding interest in the listed issuer and its subsidiaries?Yes
Shareholding DetailsMr Ip currently holds a direct interest of 158,625 units in AIMS AMP Capital Industrial REIT.
Past (for the last 5 years)Please refer to Appendix 1
PresentPlease refer to Appendix 1
Attachments