Cache Logistics Trust



Change - Announcement Of Resignation Of Non-Executive Director

BackDec 31, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Dec 31, 2018 12:54
Status New
Announcement Reference SG181231OTHRYDKZ
Submitted By (Co./ Ind. Name) Daniel Cerf
Designation Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Resignation of Non-Executive Director
Additional Details
Name Of Person Lim Hwee Chiang
Age 62
Is effective date of cessation known? Yes
If yes, please provide the date 01/01/2019
Detailed Reason (s) for cessation In line with good corporate governance, with the stepping down of Mr Lim Hwee Chiang ("Mr Lim"), the independent composition of the Board of the Manager will increase to majority. Notwithstanding his resignation, Mr Lim will continue to be actively involved in the business interests of Cache from the perspective of ARA Asset Management Limited, the holding company of the Manager and the single largest Unitholder of Cache.
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 15/10/2009
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 4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive Director
Role and responsibilities Non-Executive
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? Yes
Shareholding Details 1,180,000 Units (Direct interest) and 1,180,000 Units (Indirect interest)
Past (for the last 5 years) Please see attached
Present Please see attached


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