FAQ and US ADR Disclaimer
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US ADR Disclaimer
An American Depositary Receipt ("ADR") is a negotiable receipt issued by a US depositary bank to represent a specified number of ordinary shares of a non-US issuer that has been deposited with the depositary bank or its custodian.  As of 10 October 2008, certain amendments to US securities laws became effective which made it easier for depositary banks to establish unsponsored ADR programmes without the participation or consent of the issuer.

Singapore Technologies Engineering Ltd has not authorised and does not support or encourage the establishment of any unsponsored ADR programmes in respect of its securities and disclaims any liability in connection with any unsponsored ADRs.  Singapore Technologies Engineering Ltd also does not represent to any depositary bank nor should any depositary bank rely on a belief that Singapore Technologies Engineering Ltd publishes on its website or any electronic information delivery system all information in English currently and on an ongoing basis required to claim or maintain the exemption from registration under Rule 12g3-2(b) under the US Securities Exchange Act of 1934.

Frequently Asked Questions (FAQs)

About The Group
What business is Singapore Technologies Engineering (ST Engineering) in?
When is ST Engineering's financial yearend?
How many employees does the Group have?
Where are ST Engineering's main operations?
How do I access past financial information and reports of the Company?

About The Stock
When and where is ST Engineering listed?
What is the issued and paid-up capital of the company?
What is the number of outstanding shares issued?
What is the market capitalisation of ST Engineering?
What restrictions are there to owning ST Engineering shares?
What is the stake of Temasek Holdings' ownership of ST Engineering?
Who are the rest of ST Engineering's shareholders?
I am a shareholder and wish to change my particulars, e.g. mailing address. Who should I contact?

About Dividends
What is your dividend payout policy?
How often do you distribute dividends and when is your ex-dividend and dividend payment date?
Why is it that final dividends are declared in February but payment is in May?
What do you mean by "one-tier" in your dividends declared?
What is the Company's dividend history?
What is the dividend yield history of the Company?

About Share Buyback
How much is your share buyback mandate?
Why not pay more special dividends to your shareholders instead?
Will you cancel the shares or keep them as treasury shares after the buy back?
What is the source of funds for the Share Buy Backs?
Will the funds be made out of profits and/or capital of the Group?  If it is made out of profits, how will it impact the dividend payout?

About Investor Relations
What are your investor relations activities throughout the year?
When will your company announce its quarterly financial results?
I wish to attend the various investor events as listed on your investor relations calendar. Who should I speak to?

About Annual Reports
How can I obtain a copy of your annual report?
When do shareholders typically receive ST Engineering's annual report and when is your annual general meeting?
My family receives several copies of ST Engineering's annual report every year. To avoid wastage, can you make sure that only one copy is sent to each household?

About The Group

What business is ST Engineering in?
ST Engineering is an integrated engineering group specialising in innovative solutions and services in the aerospace, electronics, land systems and marine sectors.

When is ST Engineering's financial yearend?
ST Engineering's financial year ends on 31 December.

How many employees does the group have? 
ST Engineering employs about 23,000 staff worldwide.

Where are ST Engineering's main operations?
The Group is headquartered in Singapore with operations in 24 countries and 46 cities.  Other than Singapore, the Group's main overseas operations are in the US, with a growing presence in China.

How do I access past financial information and reports of the Company?
Past results including presentation slides and archived webcasts (less than a year old) can be found on the following page.

About The Stock

When and where is ST Engineering listed?
ST Engineering was listed on the Singapore Exchange (then the Stock Exchange of Singapore) in December 1997.

What is the paid-up capital of the company?
As at 2 March 2015, the paid-up capital is $894,282,405.723.

What is the number of outstanding shares issued?
As at 2 March 2015, the number of issued ordinary shares (excluding treasury shares) is 3,108,513,160. The number of ordinary shares held in treasury is 13,481,700.

What is the market capitalisation of ST Engineering?
ST Engineering's market capitalisation was about $10.8 billion at the end of March 2015.

What restrictions are there to owning ST Engineering shares?
There are no specific restrictions to local or foreign ownership of the ST Engineering shares. However, if any one company or individual wishes to own over 15% of ST Engineering's total shareholdings, then it would require seeking permission from the Minister of Finance, who owns one Special Share.

What is the stake of Temasek Holdings' ownership of ST Engineering?
As at 3 March 2015, Temasek Holdings has direct and deemed interests of 1,594,831,126 ST Engineering shares or about 51.3% of total shareholdings.

Who are the rest of ST Engineering's shareholders?
The rest of ST Engineering shares are widely held by major institutions and funds worldwide, and retail investors.  

I am a shareholder and wish to change my particulars, e.g. mailing address. Who should I contact?
Singapore's Central Depository (CDP) maintains the registrar of shareholders' information for all companies listed on the Singapore Exchange.  You must contact CDP directly for changes in your personal particulars:

Central Depository
Central Depository
9 North Buona Vista Drive
#01-19/20
The Metropolis
Singapore 138588
Hotline: +65 6535 7511
E-mail: asksgx@sgx.com

 

About Dividends

What is your dividend payout policy?
We will continue to pay out a substantive portion of our earnings as dividends unless there are changes to our cash requirements and subject to retained earnings balance.  We remain committed to create shareholders' value through the EVA approach to managing business and this approach will continue to guide us in terms of dividend policy.

How often do you distribute dividends and when is your ex-dividend and dividend payment date?
Since inception in 1997, ST Engineering has declared dividends every year.  Ex-dividend date for dividends declared for the preceding financial year is usually in late April or early May and payment date is usually later in May.  The Group has started distributing interim dividends on its ordinary dividends from 2007.  This means that the Group has started paying dividends twice a year from 2007.

Why is it that your final dividends are declared in February but payment is in May?
Under the Singapore Companies Act, our final dividend declared in February after year end results announcement would require shareholders' approval.  As such, ex-dividend date and payment date can only be determined after the Company's annual general meeting, which is typically held at end April.

What do you mean by "one-tier" in your dividends declared?
From 2003 onwards, ST Engineering's dividends are based on one-tier tax system.  As such, dividends declared after 2002 will not be taxed the corporate tax rate.  Shareholders will receive the net amount of dividends as announced.  Thereafter, shareholders will be taxed on dividend income based on their individual tax brackets after the annual income assessment from Inland Revenue Authority of Singapore.

What is the Company's dividend history?
Please refer to our dividend history page.

What is the dividend yield history of the Company?
Taking the average share price of any given year and dividends declared, the gross dividend yield history for the Company is as follows:

1997 1.4%
1998 4.8%
1999 4.5%
2000 3.5%
2001 4.2%
2002 9.3%*
2003 6.1%
2004 5.7%
2005 5.2%
2006 5.1%
2007 4.9%
2008 5.2%
2009 4.7%
2010 4.4%
2011 5.1%
2012 5.2%
2013 3.9%
2014 4.1%

*Includes a one-off special dividend of 3.5 cents a share due to capital reduction.

About Share Buyback

How much is your share buyback mandate?
We have an ongoing Mandate from our shareholders to repurchase up to a 2% limit of the total number of issued shares as at date of the 2014 EGM or 62.3 million shares in open market or negotiated transactions.  The Management will recommend for Board’s approval on the number of shares to buy back annually to achieve the objective. 

Why not pay more special dividends to your shareholders instead?
Our share capital base has grown over time, share buy-back scheme is an expedient, effective and cost-efficient way of managing and minimise the dilution impact associated with employee share schemes. The share buyback will be used to support employees share incentive plans. Share buy-back will also give shareholders more flexibility than a dividend as it allows shareholders to choose when, and if, to sell and realise their cash. Last but not least, share buy gives company some tax shield.

Will you cancel the shares or keep them as treasury shares after the buy back?
Keep as treasury shares to support the various employees Share Plans of the Group.

What is the source of funds for the Share Buy Backs?
The Group will use internal sources of funds to finance the share buy backs. It will be exercised in a manner to ensure the scheme will not materially affect the working capital requirements, financial flexibility or investment ability of the Group.

Will the funds be made out of profits and/or capital of the Group? If it is made out of profits, how will it impact the dividend payout?
The share buyback will be out of capital and will not have an impact on dividend payout.

About Investor Relations

What are your investor relations activities throughout the year?
The Group's investor relations activities are listed on our investor relations calendar together with indicative dates for upcoming results announcements dates.

When will your company announce its quarterly financial results?
Indicative dates for ST Engineering's financial results announcements can be found on our investor relations calendar.

I wish to attend the various investor events as listed on your investor relations calendar.  Who should I speak to?
As a result of our constant review and improvement of our disclosures, the Group reports many of its investor relations events on its website to give shareholders a better understanding of its investor relations activities throughout the year.  Unfortunately, attendance at these events is by invitation only.  Investors however will be able to participate in our quarterly results briefing via live webcast at the following page.

About Annual Reports

How can I obtain a copy of your annual report?
You may view our past annual reports online here.
To request a print copy of our latest annual report, please e-mail  comms@stengg.com.

When do shareholders typically receive ST Engineering's annual report and when is your annual general meeting?
Shareholders typically receive the ST Engineering's annual report in late March - early April and our annual general meeting will be held sometime in end April.

My family receives several copies of ST Engineering's annual report every year.  To avoid wastage, can you make sure that only one copy is sent to each household?
Under the Singapore Companies Act, every shareholder must receive a copy of the company's annual report.  We understand that this may lead to wastage, for example having more than one copy delivered to each household.  However, the current regulatory environment does not provide for such a distinction.