News
Change - Announcement Of Resignation Of Chief Executive Officer
BackMar 30, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 30, 2023 17:53 |
| Status | New |
| Announcement Sub Title | Resignation of Chief Executive Officer |
| Announcement Reference | SG230330OTHRP86A |
| Submitted By (Co./ Ind. Name) | Winnie Yap |
| Designation | Finance Director |
| Effective Date and Time of the event | 30/03/2023 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Robert Totten Schmitt as the Chief Executive Officer of United Hampshire US REIT Management Pte. Ltd. ("UHRM" or the "Company") with effect from 1 May 2023. |
| Additional Details | |
| Name Of Person | Robert Totten Schmitt |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/05/2023 |
| Detailed Reason (s) for cessation | Mr Robert Schmitt is resigning due to health reasons. The Board of UHRM would like to express their appreciation to Mr Schmitt for his leadership and contributions to the Company. |
| 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 | 16/12/2019 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer |
| Role and responsibilities | Mr Schmitt works closely with the Board to determine the strategy for United Hampshire US REIT ("UHREIT"). He is also responsible for planning the future strategic development of UHREIT, the overall day-to-day management and operations, as well as working closely with the investment, asset management, financial and compliance personnel to meet the strategic, investment and operational objectives of UHREIT. |
| 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? | No |
| Past (for the last 5 years) | Homeless Solutions, Inc |
| Present | United Hampshire US REIT Sub 1 Pte Ltd United Hampshire US REIT Sub 2 Pte Ltd United Hampshire US REIT Sub 3 Pte Ltd |
