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Change - Announcement Of Cessation As Non-Executive Independent Director

BackAug 31, 2016

Announcement Title	Change - Announcement of Cessation
Announcement Subtitle	Cessation as Non-Executive Independent Director
Securities	ASCOTT RESIDENCE TRUST (ART)
Date & Time of Broadcast	Aug 31, 2016 17:18
Submitted By	Kang Siew Fong / Regina Tan Joint Company Secretaries, Ascott Residence Trust Management Limited
Description	Resignation of Mr Lim Jit Poh as Non-Executive Independent Director of Ascott Residence Trust Management Limited with effect from 1 September 2016. His appointment as Chairman of the Board and Chairman of the Corporate Disclosure Committee will also cease.
Cessation Details
Name of person	Lim Jit Poh
Age	76
Is effective date of cessation known?	Yes
Effective date for cessation	Sep 1, 2016
Detailed reason(s) for cessation	Mr Lim has served as a Non-Executive Independent Director for more than 9 years and is stepping down as part of the Board's renewal process.
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	Jan 20, 2006
Does the AC have a minimum of 3 members (taking into account this cessation)?	Yes
Number of independent directors currently resident in Singapore (taking this account this cessation)	3
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months	0
Job Title	Non-Executive Independent Director, Chairman of the Board and Chairman of the Corporate Disclosure Committee.
Role and responsibilities	Non-Executive Independent Director, Chairman of the Board and Chairman of the Corporate Disclosure Committee.
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	98,846 units in Ascott Residence Trust
Other directorships
Past (for the last 5 years)	Please refer to Appendix A
Present	Please refer to Appendix B

Attachments

Appendix A (Size: 8,617 bytes)
Appendix B (Size: 69,038 bytes)