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Resolutions Passed at the 19th Annual General Meeting
SINGAPORE TECHNOLOGIES ENGINEERING LTD
Incorporated in the Republic of Singapore (Company Registration No. 199706274H )
ANNOUNCEMENT PURSUANT TO CLAUSE 704(16) OF THE SGX LISTING MANUAL
ANNOUNCEMENT ON RESOLUTIONS PASSED AT THE 19TH ANNUAL GENERAL MEETING
Singapore Technologies Engineering Ltd (the ""Company"") is pleased to announce, in accordance with Clause 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited, that:
(I) RESULTS OF AGM
A. At the 19th Annual General Meeting (""AGM"") of the Company held at 2:30 p.m. today, the Resolutions relating to the following matters as set out in the Notice of AGM dated 24 March 2016 were put to the Meeting and duly passed on poll vote :-
|
Resolution Number and Details |
Total Number of Shares Represented by Votes For and Against the Relevant Resolution
|
For |
Against |
||
|
Number of |
Percentage |
Number of Shares |
Percentage (%) |
Number of Shares |
Percentage (%) |
| Ordinary Resolution 1 | 2,361,054,976 |
2,360,916,731 |
99.99 |
138,245 |
0.01 |
|
Adoption of Directors' Statement, Audited Financial Statements and Auditors' Report for the financial year ended 31 December 2015 |
|||||
|
Ordinary Resolution 2 |
2,360,849,468 |
2,360,779,218 |
100.0* |
70,250 |
0.00** |
|
Approval of a final ordinary tax exempt (one-tier) dividend of 5.0 cents per share and a special tax exempt (one-tier) dividend of 5.0 cents per share for the financial year ended 31 December 2015 |
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|
|
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Ordinary Resolution 3 |
2,360,122,939 |
2,017,996,800 |
85.50 |
342,126,139 |
14.50 |
|
Re-election of Mr Kwa Chong Seng as Director |
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|
|
|
|
|
Ordinary Resolution 4 |
2,354,828,607 |
2,348,494,455 |
99.73 |
6,334,152 |
0.27 |
|
Re-election of Mr Tan Pheng Hock# as Director |
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|
|
|
|
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Ordinary Resolution 5 |
2,360,443,495 |
2,354,127,892 |
99.73 |
6,315,603 |
0.27 |
|
Re-election of Mr Quek Tong Boon as Director |
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|
|
|
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Ordinary Resolution 6 |
2,360,457,766 |
2,335,882,300 |
98.96 |
24,575,466 |
1.04 |
|
Re-election of Dr Stanley Lai Tze Chang## as Director |
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|
|
|
|
Ordinary Resolution 7 |
2,360,414,293 |
2,348,301,066 |
99.49 |
12,113,227 |
0.51 |
|
Re-election of Mr Lim Sim Seng as Director |
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|
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Ordinary Resolution 8 |
2,360,429,959 |
2,353,858,837 |
99.72 |
6,571,122 |
0.28 |
|
Re-election of MG Lim Cheng Yeow Perry@ as Director |
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|
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|
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Ordinary Resolution 9 |
2,360,192,666 |
2,356,164,365 |
99.83 |
4,028,301 |
0.17 |
| Re-election of Mr Lim Ah Doo## as Director | |||||
|
Ordinary Resolution 10 |
2,359,342,070 |
2,357,244,609 |
99.91 |
2,097,461 |
0.09 |
|
Approval of the sum of $1,749,212 as Directors' compensation for the financial year ended 31 December 2015 |
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Ordinary Resolution 11 |
2,360,379,077 |
2,353,402,186 |
99.70 |
6,976,891 |
0.30 |
|
Re-appointment of KPMG LLP as the Company's Auditors and authority for Directors to fix their remuneration |
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Ordinary Resolution 12 |
2,360,272,759 |
2,210,128,916 |
93.64 |
150,143,843 |
6.36 |
|
Authority for Directors to issue shares and to make or grant convertible instruments, subject to limits |
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Ordinary Resolution 13 |
2,360,168,452 |
2,350,417,024 |
99.59 |
9,751,428 |
0.41 |
|
Authority for Directors to grant awards and allot shares pursuant to the Singapore Technologies Engineering Performance Share Plan 2010 and the Singapore Technologies Engineering Restricted Share Plan 2010, subject to limits |
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Ordinary Resolution 14 |
770,016,561 |
765,938,296 |
99.47 |
4,078,265 |
0.53 |
| Renewal of the Shareholders Mandate for Interested Person Transactions | |||||
| Ordinary Resolution 15 | 2,359,866,131 | 2,359,754,105 | 100.00* | 112,026 | 0.00** |
| Renewal of the Share Purchase Mandate | |||||
| Special Resolution 16 | 2,359,773,304 | 1,973,964,483 | 83.65 | 385,808,821 | 16.35 |
| Adoption of the New Constitution | |||||
# Mr Vincent Chong Sy Feng has been appointed as Alternate Director to Mr Tan Pheng Hock and will, continue to hold office as such.
##Dr Stanley Lai Tze Chang and Mr Lim Ah Doo are considered independent directors for the purpose of Rule 704(8) of the Singapore Exchange Securities Trading Limited Listing Manual. They will continue as Members of the Audit Committee.
@ COL Alan Goh Kim Hua has been appointed as Alternate Director to MG Lim Cheng Yeow Perry and will, continue to hold office as such.
* Rounding Off
** Not meaningful
B. Details of parties who are required to abstain from voting on any resolution(s):-
|
Resolution Number and Details |
Name |
Total Number of Shares |
|
Resolution 3 - Re-election of Mr Kwa Chong Seng as Director |
Kwa Chong Seng |
871,600 |
| Resolution 4 – Re-election of Mr Tan Pheng Hock as Director | Tan Pheng Hock | 5,185,770 |
| Resolution 6 – Re-election of Dr Stanley Lai Tze Chang as Director | Dr Stanley Lai Tze Chang | 90,240 |
| Resolution 9 – Re-election of Mr Lim Ah Doo as Director | Lim Ah Doo | 30,000 |
| Resolution 10 – Approval of the sum of $1,749,212 as Directors' compensation for the financial year ended 31 December 2015 | Kwa Chong Seng | 871,600 |
| Koh Beng Seng | 223,805 | |
| Venkatachalam Krishnakumar | 250,109 | |
| Davinder Singh s/o Amar Singh | 70,237 | |
| Dr Stanley Lai Tze Chang | 90,240 | |
| Quek See Tiat | 14,300 | |
| Olivia Lum Ooi Lin | 5,100 | |
| Lim Ah Doo | 30,000 | |
| Resolution 14 – Renewal of the Shareholders Mandate for Interested Person Transactions | Temasek Holdings (Private) Limited | 1,554,764,574 |
| Vestal Investments Pte Ltd | 28,501,000 | |
| Kwa Chong Seng | 871,600 | |
| Tan Pheng Hock | 5,185,770 | |
| Koh Beng Seng | 223,805 | |
| Venkatachalam Krishnakumar | 250,109 | |
| Davinder Singh s/o Amar Singh | 70,237 | |
| Dr Stanley Lai Tze Chang | 90,240 | |
| Quek See Tiat | 14,300 | |
| Olivia Lum Ooi Lin | 5,100 | |
| Lim Ah Doo | 30,000 | |
| Vincent Chong Sy Feng | 730,106 |
(II) SCRUTINEERS
RHT Corporate Advisory Pte Ltd was appointed as the Company’s scrutineer.
By Order of the Board
CHUA SU LI
Company Secretary
Singapore
21 April 2016