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Announcement Of Cessation As Executive Director
BackJul 04, 2013
| Resignation Details | |
| Name Of Person | PHILIP CLAUSIUS |
| Age | 44 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 30/06/2013 |
| Detailed Reason(s) for Cessation | Resignation |
| Is there any difference of opinion on material matters between the person and the Board of directors? | Yes |
| If yes, please elaborate | To the best of the knowledge of the board of directors, there are differences in opinion in respect of the management of First Ship Lease Trust and FSL Trust Management Pte. Ltd. |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | Yes |
| If yes, please elaborate | Please see our responses above |
| 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 | 13/02/2007 |
| Job Title | President and Chief Executive Officer |
| Role and Responsibilities | Mr Clausius was a non-independent director and served as the President and Chief Executive Officer of the Trustee-Manager of FSL Trust, FSL Trust Management Pte. Ltd. (the "TM"). Mr Clausius was responsible for the general management of the TM's business with an overall responsibility for its performance. Mr Clausius has tendered his notice of resignation as President and Chief Executive Officer and is currently serving out his notice period, which will end on 31 December 2013 |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | No |
| 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) over the past 12 months | 4 |
| Interest in the listed issuer and its subsidiaries | The company is in the process of obtaining the necessary information and will release a separate announcement when it is in receipt of such information |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Other Directorship | |
| Past Directorship (for the last five years) | The company is in the process of obtaining the necessary information and will release a separate announcement when it is in receipt of such information |
| Present Directorship | The company is in the process of obtaining the necessary information and will release a separate announcement when it is in receipt of such information |