News
Change - Announcement Of Resignation Of Non-Independent Non-Executive Director - Mr Jonathan Callaghan
BackDec 24, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 24, 2024 14:52 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Independent Non-Executive Director - Mr Jonathan Callaghan |
| Announcement Reference | SG241224OTHRUBC2 |
| 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 Non-Independent Non-Executive Director - Mr Jonathan Callaghan |
| Additional Details | |
| Name Of Person | Jonathan Peter Callaghan |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/12/2024 |
| Detailed Reason (s) for cessation | Following the completion of the sale by Cromwell Property Group of all its interest in the Manager of Cromwell European REIT and its 27.79% interest in the Units of Cromwell European REIT, as announced on 24 December 2024, Mr Jonathan Callaghan has stepped down from the Board of the Manager with effect from 24 December 2024. |
| 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 | 19/06/2023 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Independent Non-Executive Director, Member of Nominating and Remuneration Committee, Member of Sustainability Committee |
| Role and responsibilities | As 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 | No immediate family relationships. However, Mr Jonathan Callaghan is the Chief Executive Officer and Managing Director of Cromwell Property Group ("Cromwell")(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 ("CEREIT"). |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Investa Property Group - Chief Executive Officer |
| Present | Cromwell Property Group - Chief Executive Officer and Managing Director |