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Change - Announcement Of Cessation As Chief Executive Officer And Executive Director

BackMay 09, 2017
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Cessation as Chief Executive Officer and Executive Director
Securities SABANA SHARI'AH COMPLIANT REIT (SABREIT)
Date & Time of Broadcast May 9, 2017 18:53
Submitted By Kevin Xayaraj
Chief Executive Officer and Executive Director
Description Please see attached.
Cessation Details
Name of person Kevin Xayaraj
Age 51
Is effective date of cessation known? Yes
Effective date for cessation Dec 31, 2017
Detailed reason(s) for cessation To address unitholders' feedback and to pave a way for change and new leadership.
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 Mar 15, 2010
Does the AC have a minimum of 3 members (taking into account this cessation)? No
Number of independent directors currently resident in Singapore (taking this account this cessation) 2
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 1
Job Title Co-founder, Chief Executive Officer and Executive Director
Role and responsibilities Mr Xayaraj is the Chief Executive Officer and Executive Director of the REIT Manager, Sabana Real Estate Investment Management Pte. Ltd.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries Nil
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details 41,242,726 Units (deemed interest)
Other directorships
Past (for the last 5 years) Nil
Present Blackwood Investment Pte. Ltd.
Sabana Investment Partners Pte. Ltd.
Sabana Property Management Pte. Ltd.
Sabana Real Estate Investment Management Pte. Ltd.