News
Change - Announcement Of Appointment Of Non-Independent Non-Executive Director
BackFeb 25, 2021
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Feb 25, 2021 18:05 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Independent Non-Executive Director |
| Announcement Reference | SG210225OTHRVPV0 |
| 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) | Appointment of Mr. Michael Wilde as Non-Independent Non-Executive Director of Cromwell EREIT Management Pte. Ltd., the Manager of Cromwell European Real Estate Investment Trust. |
| Additional Details | |
| Date Of Appointment | 25/02/2021 |
| Name Of Person | Michael Damian Wilde |
| Age | 51 |
| Country Of Principal Residence | Australia |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | After reviewing the Nominating and Remuneration Committee's recommendations and Mr Michael Wilde's qualifications and experience (as set out below), the Board approved the appointment of Mr Michael Wilde as a Non-Independent Non-Executive Director of Cromwell EREIT Management Pte. Ltd., the Manager of Cromwell European Real Estate Investment Trust. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Independent Non-Executive Director |
| Professional qualifications | Bachelor of Commerce and a Bachelor of Science, a member of the Chartered Accountants Australia and New Zealand and a member of the Governance Institute of Australia |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or 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. |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | Cromwell Property Group - Acting Chief Executive Officer 1 January 2021 to present; Cromwell Property Group - Chief Financial Officer 2014 to 2020; Cromwell Property Group - Group Financial Controller 2005 to 2014 |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| 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 Seven Hills 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 |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Yes, Mr Wilde will be attending the training as prescribed by the Exchange. |
Attachments
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