News
Change - Announcement Of Resignation Of Non-Independent Executive Director And Chief Executive Officer
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 19, 2023 17:53 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Independent Executive Director and Chief Executive Officer |
| Announcement Reference | SG230519OTHRUUO9 |
| Submitted By (Co./ Ind. Name) | Takeshi Fujita |
| Designation | 62020486 |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Independent Executive Director and Chief Executive Officer ("CEO"). DBS Bank Ltd. was the Sole Financial Adviser, and DBS Bank Ltd. and Nomura Singapore Limited were the Joint Issue Managers for the initial public offering of Daiwa House Logistics Trust. |
| Additional Details | |
| Name Of Person | Takeshi Fujita |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/05/2023 |
| Detailed Reason (s) for cessation | As part of the progressive succession planning of Daiwa House Group, Mr Takeshi Fujita will relinquish his current role as the Non-Independent Executive Director and CEO of Daiwa House Asset Management Asia Pte. Ltd., as manager of Daiwa House Logistics Trust ("DHLT" and the manager of DHLT, the "REIT Manager"), and rotate back to Daiwa House Industry Co. Ltd. for a new designated role. The Board of Directors of REIT Manager wishes to take this opportunity to thank Mr Takeshi Fujita for his services to DHLT and the REIT Manager during his term of office. |
| 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 | 26/11/2020 |
| 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 Executive Director and CEO Chairman of the Sustainability Committee |
| Role and responsibilities | Executive. Mr Fujita was appointed as Non-Independent Executive Director and CEO of the Company on 26 November 2020 and 15 June 2021 respectively. Mr Fujita works with the REIT Manager's Board of Directors to determine the strategy for DHLT and other members of the management team of the REIT Manager to ensure DHLT operates in accordance with the REIT Manager's stated investment strategy. In addition, he is also responsible for the overall day-to-day management and operations of DHLT and working with the REIT Manager's investment, asset management, financial and legal and compliance personnel in meeting the strategic, investment and operational objectives for DHLT. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 45,000 units in Daiwa House Logistics Trust |
| Past (for the last 5 years) | Nil |
| Present | 1. DH-Crux Pte. Ltd. 2. DH-Crux2 Pte. Ltd. |
Disclaimer
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED IN THE UNITED STATES.
Viewing this information may not be lawful in certain jurisdictions. In other jurisdictions only certain categories of person may be allowed to view this information. Any person who wishes to view this site must first satisfy themselves that they are not subject to any local requirements which prohibit or restrict them from doing so.
In particular, the units of Daiwa House Logistics Trust ("DHLT", and units of DHLT, "Units") have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold in the United States unless registered under the US Securities Act, or pursuant to an applicable exemption from registration. The Units are only being offered and sold outside the United States in reliance on Regulation S under the US Securities Act or otherwise pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. Neither this website nor any copy or portion of it may be sent or taken, transmitted or distributed, directly or indirectly, in or into the U.S. (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction outside of Singapore.
This website are for information purposes only and does not constitute an offer of, or invitation to subscribe or purchase or solicitation of subscriptions or purchases of Units in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment or any investment decision whatsoever. The information presented on this website is subject to change.
The value of the Units and the income accruing to the Units, if any, may fall or rise. The Units are not obligations of, deposits in, or guaranteed by, Daiwa House Asset Management Asia Pte. Ltd., as manager of DHLT (the "Manager"), HSBC Institutional Trust Services (Singapore) Limited (as trustee of DHLT), Daiwa House Industry Co., Ltd. (as the sponsor of DHLT), or any of their respective affiliates, advisers or representatives. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed. It is intended that holders of the Units may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
This website may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Predictions, projections or forecasts of the economy or economic trends of the markets are not necessarily indicative of the future or likely performance of DHLT. The forecast financial performance of DHLT is not guaranteed. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Managerâs current view of future events. This website has not been reviewed by the Monetary Authority of Singapore.
If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. By clicking on the "I agree" button below, you will have acknowledged the foregoing restrictions and represented that you are not located in the United States (within the meaning of Regulation S under the US Securities Act) and are permitted to proceed to electronic versions of these materials in accordance with the restrictions above. In each case, you acknowledge that you have read, understood and agree to comply with the disclaimer and restrictions set out above, understand that the disclaimer set out above may affect your rights and agree to be bound by the terms.