News
Change - Announcement Of Resignation Of Director And Non-Independent Non-Executive Deputy Chairman
BackMay 26, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 26, 2020 12:10 |
| Status | New |
| Announcement Sub Title | Resignation of Director and Non-Independent Non-Executive Deputy Chairman |
| Announcement Reference | SG200526OTHRX5PA |
| Submitted By (Co./ Ind. Name) | Salvatore Gregory Takoushian |
| Designation | Executive Director and CEO |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Director and Non-Independent Non-Executive Deputy Chairman DBS Bank Ltd. was the sole financial adviser and issue manager for the initial public offering of Eagle Hospitality Trust. |
| Additional Details | |
| Name Of Person | Taylor Ronald Woods |
| Age | 48 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/05/2020 |
| Detailed Reason (s) for cessation | Please refer to the letter from Urban Commons, LLC addressed to the Board of Directors of Eagle Hospitality REIT Management Pte. Ltd. released on SGXNET on 20 May 2020. |
| 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? | Yes |
| If Yes, Please provide full details | Please refer to the letter from Urban Commons, LLC addressed to the Board of Directors of Eagle Hospitality REIT Management Pte. Ltd. released on SGXNET on 20 May 2020. |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 30/08/2018 |
| 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 | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Director, Non-Independent Non-Executive Deputy Chairman and Nominating and Remuneration Committee Member |
| Role and responsibilities | Assist the Chairman with the overall management of the Board of Eagle Hospitality REIT Management Pte. Ltd. and Eagle Hospitality Business Trust Management Pte. Ltd. as well as ensuring that the members of the Board of Eagle Hospitality REIT Management Pte. Ltd. and Management work together with integrity and competency, and that the Board of Eagle Hospitality REIT Management Pte. Ltd. engages Management in constructive debates on strategy, business operations, enterprise risk, and other plans. |
| 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 | 66,102,000 Stapled Securities in Eagle Hospitality Trust |
| Past (for the last 5 years) | Please refer to the attached. |
| Present | Please refer to the attached. |
Attachments
- Attachment 1 (Size: 355,833 bytes)