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News
Announcement Of Cessation As Vice President
| Name of person * |
Ong Eng Yaw |
| Age * |
36 |
| Is Effective Date of Cessation known? * |
Yes |
| If yes, please provide the date * |
24-07-2008 |
| Detailed Reason(s) for cessation * |
| Natural attrition, moving to another company. | |
| 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 |
| If yes, please elaborate * |
NA |
| Any other relevant information to be provided to shareholders of the listed issuer? * |
No |
| If yes, please elaborate * |
NA |
| Date of Appointment to current position * |
02-05-2007 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * |
Vice President, Investment Management |
| Role and responsibilities * |
| One of the members of the investment team, which is responsible for identifying, researching and evaluating potential acquisitions and related investments with a view of enhancing Parkway Life REIT's portfolio or divestments where a property is no longer strategic, fails to enhance the value of Parkway Life REIT's portfolio or fails to be yield accretive. | |
| 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) * |
N.A. |
| Number of cessations of appointments specified in Listing Rule 704(7) over the past 12 months * |
3 (2 of whom are pursuing other roles within the Parkway Holdings Group). |
| Shareholding * in the listed issuer and its subsidiaries * |
|
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * |
|
| Past (for the last 5 years) * |
|
| Present * |
| Ely Investments (Pte) Ltd | |
| Footnotes |
Note:
Citigroup Global Markets Singapore Pte. Ltd. and UBS AG, acting through its business group, UBS Investment Bank were the joint global co-ordinators, joint bookrunners and joint lead underwriters to the initial public offering of Parkway Life REIT. | |