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
27TH 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 27th 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 28 March 2024 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 | 2,351,048,745 | 2,350,936,740 | 100.00* | 112,005 | 0** | |
Adoption of Directors' Statement, | ||||||
Audited Financial Statements for | ||||||
the financial year ended 31 | ||||||
December 2023 and Auditors' | ||||||
Report thereon | ||||||
Ordinary Resolution 2 | 2,351,716,673 | 2,350,677,408 | 99.96 | 1,039,265 | 0.04 | |
Approval of a final ordinary tax | ||||||
exempt (one-tier) dividend of 4.0 | ||||||
cents per share for the financial | ||||||
year ended 31 December 2023 | ||||||
Ordinary Resolution 3 | 2,347,138,638 | 2,256,637,459 | 96.14 | 90,501,179 | 3.86 | |
Re-election of Mr Lim Chin Hu as | ||||||
Director | ||||||
Ordinary Resolution 4 | 2,351,327,666 | 2,327,664,105 | 98.99 | 23,663,561 | 1.01 | |
Re-election of Ms Ng Bee Bee | ||||||
(May) as Director | ||||||
Ordinary Resolution 5 | 2,351,339,466 | 1,931,045,222 | 82.13 | 420,294,244 | 17.87 | |
Re-election of Mr Ong Su Kiat | ||||||
Melvyn as Director | ||||||
* Rounding Off | ||||||
** Not meaningful | 1 | |||||
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 | 2,351,407,757 | 2,277,372,713 | 96.85 | 74,035,044 | 3.15 | |
Re-election of VADM Aaron Beng | ||||||
Yao Cheng as Director | ||||||
Ordinary Resolution 7 | 2,351,316,766 | 2,317,603,868 | 98.57 | 33,712,898 | 1.43 | |
Re-election of Ms Neo Gim Huay | ||||||
as Director | ||||||
Ordinary Resolution 8 | 2,350,680,683 | 2,347,892,449 | 99.88 | 2,788,234 | 0.12 | |
Approval of the sum of up to | ||||||
S$2,500,000 as Directors' | ||||||
remuneration for the financial | ||||||
year ending 31 December 2024 | ||||||
Ordinary Resolution 9 | 2,351,189,161 | 2,351,003,683 | 99.99 | 185,478 | 0.01 | |
Re-appointment of | ||||||
PricewaterhouseCoopers LLP as | ||||||
the Auditor of the Company and | ||||||
to authorise the Directors to fix its | ||||||
remuneration | ||||||
SPECIAL BUSINESS | ||||||
Ordinary Resolution 10 | 2,351,323,785 | 2,221,776,525 | 94.49 | 129,547,260 | 5.51 | |
Authority for Directors to issue | ||||||
shares and to make or grant | ||||||
convertible instruments | ||||||
Ordinary Resolution 11 | 2,351,178,763 | 2,288,081,512 | 97.32 | 63,097,251 | 2.68 | |
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 12 | 762,869,989 | 761,511,152 | 99.82 | 1,358,837 | 0.18 | |
Renewal of the Shareholders | ||||||
Mandate for Interested Person | ||||||
Transactions | ||||||
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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 13 | 2,350,674,060 | 2,349,462,696 | 99.95 | 1,211,364 | 0.05 | ||||||
Renewal of the Share Purchase | |||||||||||
Mandate | |||||||||||
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 Lim Chin Hu as | Lim Chin Hu | 138,500 | |||||||||
Director | |||||||||||
Resolution 4 - Re-election of Ms Ng Bee Bee (May) | Ng Bee Bee (May) | 25,100 | |||||||||
as Director | |||||||||||
Resolution 8 - Approval of the sum of up to | Teo Ming Kian | 27,000 | |||||||||
S$ 2,500,000 as Directors' remuneration for the | Kevin Kwok Khien | 188,400 | |||||||||
financial year ending 31 December 2024 | |||||||||||
Lim Ah Doo | 126,200 | ||||||||||
Lim Chin Hu | 138,500 | ||||||||||
Lim Sim Seng | 104,600 | ||||||||||
Ng Bee Bee (May) | 25,100 | ||||||||||
Quek See Tiat | 122,000 | ||||||||||
Song Su-Min | 58,000 | ||||||||||
Tan Peng Yam | 25,811 | ||||||||||
Resolution 12 - Renewal of the Shareholders | Temasek Holdings (Private) | 1,554,764,574 | |||||||||
Mandate for Interested Person Transactions | Limited | ||||||||||
Vestal Investments Pte. Ltd. | 28,501,000 | ||||||||||
Teo Ming Kian | 27,000 | ||||||||||
Vincent Chong Sy Feng | 4,479,780 | ||||||||||
Kevin Kwok Khien | 188,400 | ||||||||||
Lim Ah Doo | 126,200 | ||||||||||
Lim Chin Hu | 138,500 | ||||||||||
Lim Sim Seng | 104,600 | ||||||||||
Ng Bee Bee (May) | 25,100 | ||||||||||
Quek See Tiat | 122,000 | ||||||||||
Song Su-Min | 58,000 | ||||||||||
Tan Peng Yam | 25,811 | ||||||||||
NAME OF FIRM APPOINTED AS SCRUTINEER
RHT Governance, Risk & Compliance (Singapore) Pte Ltd was appointed as the Company's scrutineer.
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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 26 April 2024.
Issued by Singapore Technologies Engineering Ltd on 26 April 2024.
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ST - Singapore Technologies Engineering Ltd. published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 15:00:59 UTC.