Feb 13, 2019

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

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Feb 13, 2019 17:43
Status New
Announcement Sub Title Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Hospitality
Announcement Reference SG190213OTHRWAMA
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 Choe Peng Sum
Age 58
Is effective date of cessation known? Yes
If yes, please provide the date 16/02/2019
Detailed Reason (s) for cessation Mr Choe will retire as the Chief Executive Officer, Frasers Hospitality on 15 February 2019, and will assume the role of Senior Adviser to Frasers Property Limited (the "Company") with effect from 16 February 2019. The Board of the Company thanks him for his many years of dedicated service and contributions to the Frasers Property Group. The Company is in the process of recruiting Mr Choe's successor, and an announcement will be made in due course. 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 19/06/2007
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 0
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 Group's hospitality business unit. He oversees the Group's hospitality business from investment and business development, to global expansion of its chain of 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 1,375,809 ordinary shares in the Company.

Mr Choe holds 423,000 awards under the Company's Restricted Share Plan ("FPL RSP") and 145,800 awards under its Performance Share Plan ("FPL PSP"), pursuant to which up to 541,800 shares in the Company ("Shares") under the FPL RSP and up to 291,600 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.
Press Release

13 Feb 2019 | PDF 98,344 kb

Attachment 1

13 Feb 2019 | PDF 39,721 kb

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