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Oct 09, 2019

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

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Oct 9, 2019 12:15
Status New
Announcement Sub Title Announcement of Cessation of Appointment as Chief Executive Officer, Frasers Property Singapore
Announcement Reference SG191009OTHRA22S
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 Property Singapore.
Additional Details
Name Of Person Christopher Tang
Age 59
Is effective date of cessation known? Yes
If yes, please provide the date 01/01/2020
Detailed Reason (s) for cessation Mr Tang will retire as the Chief Executive Officer, Frasers Property Singapore, and assume the role of Senior Adviser to Frasers Property Limited (the "Company" and together with its subsidiaries, the "Group") with effect from 1 January 2020, while continuing to serve as a director on the boards of Frasers Property (Singapore) Pte. Ltd., Frasers Centrepoint Asset Management Ltd. (the manager of Frasers Centrepoint Trust) and Frasers Commercial Asset Management Ltd. (the manager of Frasers Commercial Trust). The Board of the Company thanks him for his many years of dedicated service and contributions to the 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 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) 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 Property Singapore
Role and responsibilities The Chief Executive Officer, Frasers Property Singapore oversees the Group's residential, retail and commercial business, including the real estate investment trust management of retail and commercial (including business space) properties, in Singapore.
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 1,328,344 ordinary shares in the Company ("Shares").

Mr Tang holds 572,025 awards under the Company's Restricted Share Plan ("FPL RSP") and 197,280 awards under its Performance Share Plan ("FPL PSP"), pursuant to which up to 702,675 Shares under the FPL RSP and up to 394,560 Shares under the FPL PSP may be vested or delivered.
Past (for the last 5 years) Please see Attachment 1.
Present Please see Attachment 2.
Attachment 1

09 Oct 2019 | PDF 11,192 kb

Attachment 2

09 Oct 2019 | PDF 32,858 kb

Press Release

09 Oct 2019 | PDF 112,604 kb

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