News
Change - Announcement Of Resignation Of A Non-Independent Non-Executive Director - Mr Michael Damian Wilde
BackSep 15, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 15, 2021 7:52 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF A NON-INDEPENDENT NON-EXECUTIVE DIRECTOR - MR MICHAEL DAMIAN WILDE |
| Announcement Reference | SG210915OTHRU148 |
| Submitted By (Co./ Ind. Name) | Simon Garing |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Michael Damian Wilde as a Non-Independent Non-Executive Director of the Company. |
| Additional Details | |
| Name Of Person | Michael Damian Wilde |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/09/2021 |
| Detailed Reason (s) for cessation | Mr Michael Wilde, as the acting Chief Executive Officer of Cromwell Property Group ("Sponsor"), will resume his role as Chief Financial Officer of the Sponsor with effect from 5 October 2021, following the appointment of the new Chief Executive Officer of the Sponsor, as stated in the Sponsor's announcement dated 26 July 2021. |
| 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 | 25/02/2021 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Independent Non-Executive Director |
| Role and responsibilities | As a Non-Independent Non-Executive Director of Cromwell EREIT Management Pte. Ltd., the Manager of Cromwell European Real Estate Investment Trust |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil. However, Mr Michael Wilde is the acting Chief Executive Officer of Cromwell Property Group (Cromwell Property Group comprises Cromwell Corporation Limited and the Cromwell Diversified Property Trust, the responsible entity of which is Cromwell Property Securities Limited), which is a substantial unitholder of Cromwell European Real Estate Investment Trust |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Nil |
| Present | - Cromwell Singapore Holdings Pte. Ltd. - Cromwell Property Group - CDPT Finance Pty Ltd - CDPT Finance No 2 Pty Ltd - Cromwell BT Pty Ltd - Cromwell Aged Care Holdings Pty Ltd - Cromwell Capital Pty Ltd - Cromwell Finance Pty Ltd - Cromwell Holdings No 1 Pty Ltd - Cromwell Holdings No 2 Pty Ltd - Cromwell Infrastructure Pty Ltd - Cromwell Operations Pty Ltd - Cromwell Project & Technical Solutions Pty Ltd - Cromwell Real Estate Partners Pty Ltd - Cromwell SPV Finance Pty Ltd - Cromwell VAC Finance Pty Ltd - Marcoola Developments Pty Ltd - Valad Australia Pty Ltd - Votraint No. 662 Pty Limited |