| Announcement of Cessation of Non-Executive Independent Director | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | CDL HOSPITALITY TRUSTS |
| Company Registration No. | N.A. |
| Announcement submitted on behalf of | CDL HOSPITALITY TRUSTS |
| Announcement is submitted with respect to * | CDL HOSPITALITY TRUSTS |
| Announcement is submitted by * | Enid Ling Peek Fong |
| Designation * | Company Secretary, M&C REIT Management Limited (as manager of CDL Hospitality Real Estate Investment Trust) and M&C Business Trust Management Limited (as trustee-manager of CDL Hospitality Business Trust) |
| Date & Time of Broacast | 05-Feb-2010 18:26:04 |
| Announcement No. | 00153 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Lim How Teck |
| Age * | 59 |
| Is Effective Date of Cessation known? * | Yes |
| Effective Date of Resignation | 05/02/2010 |
| Detailed Reason(s) for cessation * | Taking into account Mr Lim's commitments on the boards of the managers of two other REITs, which may place him in positions of conflict of interests notwithstanding that there are corporate governance measures in place within M&C REIT Management Limited to mitigate such potential conflicts, Mr Lim after thorough consideration of the competing demands believes that it would be better for him to resign from the Boards of M&C REIT Management Limited and M&C Business Trust Management Limited to avoid any public mis-perception. |
| 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 |
| Date of Appointment to current position * | 03/01/2007 |
| Job Title * | Non-Executive Independent Director |
| Role and responsibilities * | Mr Lim assumes the role and responsibilities of an independent director on the Board. |
| 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 resignation) * | 4 Independent Directors, with 3 currently resident in Singapore. |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | Nil |
| Shareholding 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 # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | To the best of our knowledge and based on the information available to us, as at the date hereof, Mr Lim's past directorships for the past five years are as follows: 3W Service Co. Ltd Active Figure Investment Ltd American Eagle Tankers Inc Ltd (Bermuda Branch) American President Lines Ltd American Automar Inc American Eagle Tankers Inc Ltd (Singapore Branch) APL (Bangladesh) Pte Ltd APL (India) Pte Ltd APL Bermuda Ltd APL Co. Pte Ltd APL Logistics (China) Ltd APL Logistics Ltd APL Logistics Taiwan Ltd APLL-Zhiqin (Beijing) International Freight Forwarding Company Ltd Automar (Bermuda) Ltd Bara International Shipping Lines Co. Ltd Bara Shipping Agencies Co. Ltd Britannia Steamship Insurance Association Ltd Chao Phraya Port Services Co. Ltd FHTK Holdings Ltd First Logistics Development Joint Venture Co. Global Port & Terminal Services Ltd integra2000 Ltd ITSA Investment Company Pte Ltd Legend Import & Export Company Ltd M&C Business Trust Management Limited M&C REIT Management Limited Mermaid Maritime PCL Milky Way Shipping Inc Mitorient Enterprise Pte Ltd Mitorient Holdings Pte Ltd Neptune Associated Shipping Pte Ltd Neptune Beta Lines Ltd Neptune Delta Lines Pte Ltd Neptune Orient Lines Ltd Neptune Realty Management Pte Ltd Neptune Securities Pte Ltd Neptune ShipManagement Services Pte Ltd Neptune Sigma Pte Ltd UMS Holdings Limited (formerly known as Norelco UMS Holdings Limited) Orangestar Investment Holdings Pte. Ltd. Pacific King Shipping Holdings Pte Ltd Philips Resources Fund Special Purpose Company PSA Marine (Pte) Ltd PT APL Indonesia Ltd SP PowerGrid Limited Sequoia Capital/Master Fund Singapore Commodity Exchange Limited (SICOM) Thai International Ship Breakers Co. Ltd Titan Company Pte Ltd Tsui Ching Ltd |
| Present * | To the best of our knowledge and based on the information available to us, as at the date hereof, Mr Lim's present directorships are as follows: The Foundation for Development Cooperation (Australia) Philips Resources Fund Special Purpose Company (Cayman Islands) Gold Prime Holdings Ltd (Hong Kong) The Foundation for Development Cooperation (Pacific) (Fiji) ACAL Holdings Pte Ltd Asian Marine Syndicate 1965 Pte Ltd ARA Asset Management Limited Certis CISCO Security Pte Ltd CISCO Recall Total Information Management Pte Ltd Eng Kong Holdings Ltd IFS Capital Ltd Japan Industrial Property Pte. Ltd. Jurong Port Pte Ltd Lasseters International Holdings Ltd MacarthurCook Investment Managers (Asia) Ltd PNG Sustainable Development Program Limited Redwood International Pte Ltd Rickmers Trust Management Pte Ltd The Foundation for Development Cooperation (Singapore) Ltd. Tuas Power Ltd Tuas Power Generation Pte. Ltd. Mermaid Maritime Public Co Ltd |
| Footnotes | Please refer to the attached announcement. |
| Attachment(s) | 20100205_182604_J85_C12047EE42A3A04E482576C1000CB25D.1.pdf |
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