City Developments Limited

Equities

C09

SG1R89002252

Real Estate Development & Operations

Market Closed - Singapore S.E. Other stock markets 05:10:29 2024-04-25 am EDT			5-day change	1st Jan Change
6.03 ^SGD	+0.50%		+6.54%	-9.32%

Apr. 23	City Developments Repurchases Shares Worth SG$2.5 Million	MT
Apr. 22	City Developments Repurchases Shares Worth SG$2.5 Million	MT

M&C: Announcement in relation to Directorate Change and Retirement of Group CEO

December 13, 2016 at 06:18 am EST

General Announcement::Announcement by Subsidiary Company, Millennium & Copthorne Hotels plc 1

General Announcement::Announcement by Subsidiary Company, Millennium & Copthorne Hotels plc Issuer & Securities

Issuer/ Manager

CITY DEVELOPMENTS LIMITED

Securities CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09

Stapled Security No

Announcement Details

Announcement Title

General Announcement

Date & Time of Broadcast 13-Dec-2016 17:39:16

Status New

Announcement Sub Title Announcement by Subsidiary Company, Millennium & Copthorne Hotels

plc

Announcement Reference SG161213OTHRU7LX

Submitted By (Co./ Ind. Name) Shufen Loh @ Catherine Shufen Loh

Designation Company Secretary

Description (Please provide a detailed description of the event in the box below)

Please refer to the Announcement released by Millennium & Copthorne Hotels plc on 9 December 2016 relating to Directorate Change and Retirement of Group CEO.

Attachments

09122016_Directorate Change and Retirement of Group CEO.pdf Total size =33K

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announcement...

13/12/2016

For immediate release 9 December 2016 MILLENNIUM & COPTHORNE HOTELS PLC Directorate Change Retirement of Group CEO

Further to the announcement on 24 August 2016 regarding Aloysius Lee's retirement and the update provided as part the third quarter trading statement on 2 November 2016, Millennium & Copthorne Hotels plc (M&C) confirms today that the date Mr Lee will be stepping down as a Director of M&C and Group Chief Executive Officer will be at the end of 28 February 2017.

The Nominations Committee is continuing with succession planning and recruitment of a new Group Chief Executive Officer. A further update on the search and final details of Mr Lee's remuneration arrangements will be provided in due course.

Enquiries: +44 (0)20 7872 2444

Jonathon Grech, Group General Counsel and Company Secretary Peter Krijgsman, Financial Communications (Media)

CDL - City Developments Ltd. published this content on 13 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 December 2016 11:17:14 UTC.

Original documenthttp://media.corporate-ir.net/media_files/IROL/60/60774/121316/13122016_MCplc_Directorate Change and Retirement of Group CEO.pdf

Public permalinkhttp://www.publicnow.com/view/295BF4E158C67B66660268969D2BF92BFC092A4D

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Company Profile

City Developments Limited is a Singapore-based global real estate company with a network spanning approximately 143 locations in 28 countries and regions. Its portfolio comprises residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments. The Company's segments include Property development, Hotel operations, Investment properties and Others. The Property development segment is engaged in developing and purchasing properties for sale. The Hotel operations segment owns and manages hotels. The Investment properties segment is engaged in developing and purchasing investment properties for lease. The Others segment comprises investment in shares, management and consultancy services, and provision of laundry services. The Company has developed over 50,000 homes and owns around 21 million square feet of gross floor area in residential for lease, commercial and hospitality assets globally, and it has over 150 hotels worldwide.

Sector

Real Estate Development & Operations

Calendar

2024-05-02 - Ex-dividend day for final dividend

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Ratings for City Developments Limited

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ESG Refinitiv

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

6.03 SGD

Average target price

7.542 SGD

Spread / Average Target

+25.08%

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