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Announcement Of Cessation As Non-Executive Director
BackMay 13, 2013
| Resignation Details | |
| Name Of Person | Lee Stuart Neibart |
| Age | 62 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 13/05/2013 |
| Detailed Reason(s) for Cessation | Mr Neibart's resignation is a consequence of National Australia Bank's ("NAB") decision to sell its interest in AREA Property Partners, of which Mr Neibart is Global Chief Executive, and to allow Mr Neibart to focus on the pending merger of AREA with Ares Management LLC. |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 31/10/2012 |
| Job Title | Non-Executive Director |
| Role and Responsibilities | Board member |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | 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) over the past 12 months | 3 |
| Interest in the listed issuer and its subsidiaries | Nil |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Other Directorship | |
| Past Directorship (for the last five years) | Linen N Things Holdings Inc. |
| Present Directorship | Please see appendix attached. |
| Other Notes | |
| Footnotes | CIT is managed by Cambridge Industrial Trust Management Limited (the "Manager"). The Manager is owned by nabInvest Oxley Singapore Pte. Ltd. ("NIOS") and Mitsui & Co., Ltd, which hold an indirect interest of 80% and a direct interest of 20% in the Manager respectively. NIOS is a joint venture company owned by nabInvest Capital Partners Pty Ltd (a wholly-owned subsidiary of NAB) and CREIM Limited (a wholly-owned subsidiary of Oxley Global Limited) which hold direct interests of 70% and 30% in NIOS respectively. |
Attachments
- Attachment 1 (Size: 87,118 bytes)