- Global
Resolutions Passed at the 20th Annual General Meeting
SINGAPORE TECHNOLOGIES ENGINEERING LTD
Incorporated in the Republic of Singapore
(Company Registration No. 199706274H )
ANNOUNCEMENT PURSUANT TO
RULE 704(16) OF THE SGX LISTING MANUAL
ANNOUNCEMENT ON RESOLUTIONS PASSED AT THE
20TH ANNUAL GENERAL MEETING
Singapore Technologies Engineering Ltd (the ""Company"") is pleased to announce, in accordance with Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited, that:
(I) RESULTS OF AGM
A. At the 20th 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 2017 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 |
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|
|
|
Number of Shares |
Percentage % |
Number of Shares |
Percentage % |
| Ordinary Resolution 1 | 2,302,002,284 |
2,301,972,297 |
100.00* |
29,987 |
0.00** |
|
Adoption of Directors' Statement, Audited Financial Statements and Auditors' Report for the financial year ended 31 December 2016 |
|||||
|
Ordinary Resolution 2 |
2,301,807,271 |
2,301,777,284 |
100.0* |
29,987 |
0.00** |
|
Approval of a final ordinary tax exempt (one-tier) dividend of 10.0 cents per share for the financial year ended 31 December 2016 |
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|
|
|
|
|
Ordinary Resolution 3 |
2,301,712,983 |
2,212,833,580 |
96.14 |
88,879,403 |
3.86 |
|
Re-election of Mr Khoo Boon Hui# as Director |
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|
|
|
|
|
Ordinary Resolution 4 |
2,301,742,410 |
2,216,783,172 |
96.31 |
84,959,238 |
3.69 |
|
Re-election of Mr Quek See Tiat# as Director |
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|
|
|
|
|
Ordinary Resolution 5 |
2,300,728,402 |
2,299,804,918 |
99.96 |
923,484 |
0.04 |
|
Re-election of Mr Vincent Chong Sy Feng as Director |
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|
|
|
|
|
Ordinary Resolution 6 |
2,301,761,876 |
2,217,488,179 |
96.34 |
84,273,697 |
3.66 |
|
Re-election of Mr Quek Gim Pew as Director |
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|
|
|
|
|
Ordinary Resolution 7 |
2,300,593,666 |
2,298,734,627 |
99.92 |
1,859,039 |
0.08 |
|
Approval of the sum of $1,752,233 as Directors' compensation for the financial year ended 31 December 2016 |
|
|
|
|
|
| Ordinary Resolution 8 | 2,297,572,103 |
2,296,118,349 |
99.94 |
1,453,754 |
0.06 |
|
Re-appointment of KPMG LLP as the Company's Auditors and authority for Directors to fix their remuneration |
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|
|
|
|
|
Ordinary Resolution 9 |
2,301,562,171 |
2,178,564,610 |
94.66 |
122,997,561 |
5.34 |
|
Authority for Directors to issue shares and to make or grant convertible instruments, subject to limits |
|
|
|
|
|
|
Ordinary Resolution 10 |
2,301,528,314 |
2,183,601,079 |
94.88 |
117,927,235 |
5.12 |
|
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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|
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Ordinary Resolution 11 |
716,049,427 |
712,052,252 |
99.44 |
3,997,175 |
0.56 |
|
Modifications to, and Renewal of, the Shareholders Mandate for Interested Person Transactions |
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|
|
|
|
|
Ordinary Resolution 12 |
2,301,347,563 |
2,301,228,685 |
99.99 |
118,878 |
0.01 |
| Renewal of the Share Purchase Mandate | |||||
# Mr Khoo Boon Hui is considered an independent director for the purpose of Rule 704(8) of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual. He continues as Member of the Audit Committee (“AC”).
* Mr Quek See Tiat is considered an independent director for the purpose of Rule 704(8) of the SGX-ST Listing Manual. He is appointed Chairman of the AC to succeed Mr Koh Beng Seng.
* Rounding Off
** Not meaningful
Record of Appreciation to Mr Koh Beng Seng and Mr Davinder Singh s/o Amar Singh
The Chairman and Board of Directors would like to record their sincere appreciation to Mr Koh Beng Seng and Mr Davinder Singh s/o Amar Singh who retired as Directors at the conclusion of the Company's AGM on 21 April 2017.
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 Khoo Boon Hui as Director |
Khoo Boon Hui |
10,700 |
| Resolution 4 – Re-election of Mr Quek See Tiat as Director | Quek See Tiat | 25,200 |
| Resolution 5 – Re-election of Mr Vincent Chong Sy Feng as Director | Mr Vincent Chong Sy Feng | 1,106,682 |
| Resolution 7 – Approval of the sum of $1,752,223 as Directors' compensation for the financial year ended 31 December 2016 | Kwa Chong Seng | 928,100 |
| Koh Beng Seng | 236,705 | |
| Davinder Singh s/o Amar Singh | 83,337 | |
| Dr Stanley Lai Tze Chang | 111,040 | |
| Khoo Boon Hui | 10,700 | |
| Quek See Tiat | 25,200 | |
| Olivia Lum Ooi Lin | 14,600 | |
| Lim Sim Seng | 4,800 | |
| Lim Ah Doo | 31,300 | |
| Resolution 11 – Modifications to, and 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 | 928,100 | |
| Vincent Chong Sy Feng | 1,106,682 | |
| Koh Beng Seng | 236,705 | |
| Davinder Singh s/o Amar Singh | 83,337 | |
| Dr Stanley Lai Tze Chang | 111,040 | |
| Khoo Boon Hui | 10,700 | |
| Quek See Tiat | 25,200 | |
| Olivia Lum Ooi Lin | 14,600 | |
| Lim Sim Seng | 4,800 | |
| Lim Ah Doo | 31,300 |
(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 2017