Jan 15, 2024
Change - Announcement Of Cessation Of Appointment As Group Chief Corporate Officer
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 15, 2024 7:31 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Appointment as Group Chief Corporate Officer |
| Announcement Reference | SG240115OTHRASI5 |
| 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 Group Chief Corporate Officer |
| Additional Details | |
| Name Of Person | Chia Khong Shoong |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/03/2024 |
| Detailed Reason (s) for cessation | Mr Chia Khong Shoong will be stepping down as Group Chief Corporate Officer of Frasers Property Limited ("FPL" and together with its subsidiaries, the "Group"), and relinquishing all other management duties he holds within the Group, to pursue other personal interests. The Board expresses its appreciation to Mr Chia for his dedication and invaluable contribution during his tenure of service. Please refer to the press release attached as Attachment 1 issued concurrently with this announcement 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 | 01/07/2016 |
| 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 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Group Chief Corporate Officer |
| Role and responsibilities | The Group Chief Corporate Officer oversees the Group's corporate secretariat and legal, data protection, sustainability, corporate administration and internal audit functions. He is also responsible for Frasers Property Capital and assists the Group Chief Executive Officer in overseeing the evaluation, execution and implementation of Group-wide projects and strategic initiatives as well as the development of the Group's international businesses. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 2,177,402 ordinary shares in FPL. Mr Chia Khong Shoong holds 217,934 awards under FPL's Restricted Share Plan ("FPL RSP") and FPL's Performance Share Plan ("FPL PSP"), pursuant to which up to 337,334 shares of FPL may vest. During the financial year ended 30 September 2023, the Remuneration Committee of FPL has approved settling all outstanding share awards under the FPL RSP and FPL PSP in cash on vesting in accordance with the terms of the FPL RSP and FPL PSP. |
| Past (for the last 5 years) | Please see Attachment 2. |
| Present | Please see Attachment 2. |
15 Jan 2024 | PDF 177,597 kb
Attachment 215 Jan 2024 | PDF 37,211 kb
