Apr 30, 2021

Change - Announcement Of Cessation Of Appointment As Chief Executive Officer, Frasers Hospitality

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 30, 2021 7:20
Status New
Announcement Sub Title Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Hospitality
Announcement Reference SG210430OTHR5UDP
Submitted By (Co./ Ind. Name) Catherine Yeo
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Cessation of Appointment as Chief Executive Officer, Frasers Hospitality
Additional Details
Name Of Person Koh Teck Chuan
Age 61
Is effective date of cessation known? Yes
If yes, please provide the date 01/10/2021
Detailed Reason (s) for cessation Mr Koh Teck Chuan will retire as the Chief Executive Officer, Frasers Hospitality, and relinquish all other management duties he holds within Frasers Property Limited (the "Company") and its group of entities (the "Frasers Property Group") with effect from 1 October 2021. Mr Panote Sirivadhanabhakdi, the Group Chief Executive Officer, will oversee Frasers Hospitality, a strategic business unit of the Frasers Property Group, with Mr Koh supporting the transition process over the next few months.

The Board of the Company thanks him for his dedicated service and contributions to the Frasers Property Group. Please also refer to the attached press release for more information.
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 19/02/2019
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 Executive Officer, Frasers Hospitality
Role and responsibilities The Chief Executive Officer, Frasers Hospitality is responsible for the Frasers Property Group's hospitality strategic business unit. He oversees the Frasers Property Group's hospitality business from investment and business development to global expansion of its chain serviced residences and hotels worldwide.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries No
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 36,066 ordinary shares in the Company.

Mr Koh holds 72,134 awards under the Company's Restricted Share Plan ("FPL RSP") and 77,200 awards under its Performance Share Plan ("FPL PSP"), pursuant to which up to 72,134 shares in the Company ("Shares") under the FPL RSP and up to 154,400 Shares under the FPL PSP may be vested or delivered.
Past (for the last 5 years) Please see Attachment 1.
Present Please see Attachment 1.
Attachment 1

30 Apr 2021 | PDF 21,755 kb

Press Release

30 Apr 2021 | PDF 169,611 kb

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