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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. |