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.
ST Engineering is an integrated engineering group specialising in innovative solutions and services in the aerospace, electronics, land systems and marine sectors.
The Group is headquartered in Singapore with offices in Asia, the Americas, Europe and the Middle East.
Information on the Board of Directors and their responsibilities is available here.
Information on ST Engineering’s business sustainability approach and policies is available here.
ST Engineering’s independent registered public accounting firm is KPMG LLP.
ST Engineering has a triple-A credit rating from Moody’s and S&P.
ST Engineering was listed on the main board of Singapore Exchange (then the Stock Exchange of Singapore) in December 1997.
ST Engineering is also a component stock of the Straits Times Index, MSCI Singapore, SGX ESG Transparency Index and SGX ESG Leaders Index.
A 10 minute delayed price as well as other related share information are available here.
Temasek Holdings has direct and deemed interests of 1,622,104,003 ST Engineering shares or about 51.99% of total issued share capital as at 25 February 2019.
The rest of ST Engineering shares are widely held by major institutions and funds worldwide, and retail investors.
You may wish to refer to Shareholding Statistics as outlined in our Annual Reports for more information.
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 15% or more of ST Engineering's issued shares, then the Special Member's approval would be required. The Special Member is the Minister for Finance, who owns one Special Share.
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:
9 North Buona Vista Drive
Hotline: +65 6535 7511
We held our 22nd Annual General Meeting (AGM) at The Star Gallery, Buona Vista, Singapore on 18th April 2019. Information on AGM is available here.
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.
Dividend ratio may not be our biggest consideration taking our past track records into account. We return value to our shareholders based on long-term fundamentals or long term outlook of our business.
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.
Information on ex-dividend and dividend payment date is available here.
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.
We have been consistently returning value to our shareholders and we are confident of our ability to sustain the dividend payout.
ST Engineering's financial year ends on 31 December.
Historical quarterly financial reports and earnings webcast are available here.
Indicative dates for ST Engineering's financial results announcements and investor relations calendar are available here.
You may wish to join us via our live webcast where you can view the presentation and submit questions online. Webcast link will be made available closer to announcement date on our corporate website and SGX announcement.
Alternatively, please sign up for our mailing list to receive latest updates from ST Engineering.
The shareholders had, at the AGM held on 21 Apr 2016, approved the adoption of our new Constitution which allows for electronic transmission of our Annual Report.
In support of Singapore Exchange's move towards electronic communications with shareholders, the Group no longer produces CD-ROMs for FY2017 Annual Report and onwards. Shareholders will still receive printed copies of our Notice of AGM, Proxy Form and Request Form. Printed copy of our Annual Report will be available upon request.
The events listed on our IR calendar cover activities that we organise for analysts/investors, and investor conferences that we participate to reach out to and engage with the institutional investors.
One of the events that we organise which retail investors/shareholders are welcomed to participate in is our quarterly results briefing via a live webcast. Webcast link are made available closer to the results release date on our corporate website and SGX announcement.