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
26TH 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:-
RESULTS OF AGM
At the 26th 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 the AGM dated 22 March 2023 were put to the Meeting and duly passed on poll vote:-
Resolution Number and Details | Total Number | For | Against | ||
of Shares | |||||
Represented by | Number of | As a | Number of | As a percentage | |
Votes For and | Shares | percentage | Shares | of total number | |
Against the | of total number | of votes for and | |||
Relevant | of votes for and | against the | |||
Resolution | against the | resolution | |||
resolution (%) | (%) | ||||
ROUTINE BUSINESS | |||||
Ordinary Resolution 1 | 2,304,432,288 | 2,301,697,010 | 99.88 | 2,735,278 | 0.12 |
Adoption of Directors' Statement, | |||||
Audited Financial Statements for | |||||
the financial year ended 31 | |||||
December 2022 and Auditors' | |||||
Report thereon | |||||
Ordinary Resolution 2 | 2,304,698,684 | 2,303,207,919 | 99.94 | 1,490,765 | 0.06 |
Approval of a final ordinary tax | |||||
exempt (one-tier) dividend of 4.0 | |||||
cents per share for the financial | |||||
year ended 31 December 2022 | |||||
Ordinary Resolution 3 | 2,300,755,859 | 2,275,975,347 | 98.92 | 24,780,512 | 1.08 |
Re-election of Mr Vincent Chong Sy | |||||
Feng as Director | |||||
Ordinary Resolution 4 | 2,304,277,486 | 2,169,226,669 | 94.14 | 135,050,817 | 5.86 |
Re-election of Mr Lim Ah Doo as | |||||
Director | |||||
Ordinary Resolution 5 | 2,304,231,550 | 2,162,785,019 | 93.86 | 141,446,531 | 6.14 |
Re-election of Mr Lim Sim Seng as | |||||
Director | |||||
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Resolution Number and Details | Total Number of | For | Against | |||
Shares | ||||||
Represented by | Number of | As a | Number of | As a | ||
Votes For and | Shares | percentage | Shares | percentage | ||
Against the | of total | of total number | ||||
Relevant | number of | of votes for and | ||||
Resolution | votes for and | against the | ||||
against the | resolution | |||||
resolution (%) | (%) | |||||
Ordinary Resolution 6 | 2,303,687,312 | 2,299,241,800 | 99.81 | 4,445,512 | 0.19 | |
Approval of the sum of | ||||||
S$ 2,406,662 as Directors' | ||||||
remuneration for the financial | ||||||
year ended 31 December 2022 | ||||||
Ordinary Resolution 7 | 2,303,658,512 | 2,299,192,450 | 99.81 | 4,466,062 | 0.19 | |
Approval of the sum of up to | ||||||
S$ 2,500,000 as Directors' | ||||||
remuneration for the financial | ||||||
year ending 31 December 2023 | ||||||
Ordinary Resolution 8 | 2,304,515,480 | 2,303,035,555 | 99.94 | 1,479,925 | 0.06 | |
Re-appointment of | ||||||
PricewaterhouseCoopers LLP as | ||||||
the Auditor of the Company and | ||||||
to authorise the Directors to fix its | ||||||
remuneration | ||||||
SPECIAL BUSINESS | ||||||
Ordinary Resolution 9 | 2,304,504,275 | 2,150,941,670 | 93.34 | 153,562,605 | 6.66 | |
Authority for Directors to issue | ||||||
shares and to make or grant | ||||||
convertible instruments | ||||||
Ordinary Resolution 10 | 2,304,419,536 | 2,240,988,010 | 97.25 | 63,431,526 | 2.75 | |
Authority for Directors to grant | ||||||
awards and allot shares pursuant | ||||||
to the Singapore Technologies | ||||||
Engineering Performance Share | ||||||
Plan 2020 and the Singapore | ||||||
Technologies Engineering | ||||||
Restricted Share Plan 2020 | ||||||
Ordinary Resolution 11 | 707,427,544 | 705,768,877 | 99.77 | 1,658,667 | 0.23 | |
Renewal of the Shareholders | ||||||
Mandate for Interested Person | ||||||
Transactions | ||||||
Ordinary Resolution 12 | 2,303,996,965 | 2,302,536,022 | 99.94 | 1,460,943 | 0.06 | |
Renewal of the Share Purchase | ||||||
Mandate | ||||||
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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 Vincent Chong Sy | Vincent Chong Sy Feng | 3,766,913 |
Feng as Director | ||
Resolution 4 - Re-election of Mr Lim Ah Doo as | Lim Ah Doo | 112,300 |
Director | ||
Resolution 5 - Re-election of Mr Lim Sim Seng as | Lim Sim Seng | 89,600 |
Director | ||
Resolution 6 - Approval of the sum of S$ 2,406,662 | Kwa Chong Seng | 1,261,200 |
as Directors' remuneration for the financial year | Teo Ming Kian | 6,200 |
ended 31 December 2022 | ||
Resolution 7 - Approval of the sum of up to | Kevin Kwok Khien | 152,600 |
S$ 2,500,000 as Directors' remuneration for the | ||
Lim Chin Hu | 120,200 | |
financial year ending 31 December 2023 | ||
Lim Ah Doo | 112,300 | |
Lim Sim Seng | 89,600 | |
Ng Bee Bee (May) | 14,900 | |
Quek See Tiat | 107,800 | |
Song Su-Min | 43,500 | |
Tan Peng Yam | 13,711 | |
Resolution 11 - Renewal of the Shareholders | Temasek Holdings (Private) | 1,554,764,574 |
Mandate for Interested Person Transactions | Limited | |
Vestal Investments Pte. Ltd. | 28,501,000 | |
Kwa Chong Seng | 1,261,200 | |
Teo Ming Kian | 6,200 | |
Vincent Chong Sy Feng | 3,766,913 | |
Kevin Kwok Khien | 152,600 | |
Lim Chin Hu | 120,200 | |
Lim Ah Doo | 112,300 | |
Lim Sim Seng | 89,600 | |
Ng Bee Bee (May) | 14,900 | |
Quek See Tiat | 107,800 | |
Song Su-Min | 43,500 | |
Tan Peng Yam | 13,711 | |
NAME OF FIRM APPOINTED AS SCRUTINEER
RHT Governance, Risk & Compliance (Singapore) Pte Ltd was appointed as the Company's scrutineer.
COMPOSITION OF THE BOARD AND ITS BOARD COMMITTEES
Details pertaining to the updated composition of the Board and its Board Committees upon the conclusion of the AGM are set out in a separate announcement dated 20 April 2023.
Issued by Singapore Technologies Engineering Ltd on 20 April 2023.
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ST - Singapore Technologies Engineering Ltd. published this content on 21 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2023 00:29:04 UTC.