General Announcement::MANDATORY DISCLOSURE IN KOREA EXCHANGE (KRX)
October 27, 2021 at 01:20 am EDT
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PAN OCEAN CO., LTD.
MANDATORY DISCLOSURE IN KOREA EXCHANGE ("KRX")
Pan Ocean Co., Ltd. ("the Company") wishes to announce that this disclosure is a mandatory disclosure in compliance with Korea Exchange Listing Rule. The company is listed on both the Korea Exchange ("KRX") as a primary listing company and the Singapore Exchange Securities Trading Limited ("SGX") as a secondary listing company. The Extraordinary General Meeting ("EGM") of the Company will be held at 39, Sejongdaero, Jung-gu, Seoul, Korea on the 20 December 2021 at 11:00 a.m.(Korean time) or 10:00 a.m.(Singapore time). The proposed agenda of the meeting to be submitted for consideration and approval by shareholders at the EGM, are set out as below:-
RESOLUTION
1. To approve Delisting of the Company from the official list of the Singapore Exchange Securities Trading Limited pursuant to a cash Exit Offer (Resolution 1)
The actual notice of EGM will be released via SGXNET in due course.
The Company will release further announcement(s) in the event that there are any material developments.
NOTES:
The company is listed KRX and listed company in KRX may should notify Notice of EGM, Proxy form, Circular to all shareholders. However it can be substituted by posting on electronic disclosure system of KRX to the shareholders with less than one percent(1%) stake of the issued shares pursuant to KRX Listing Rule and the same might be applied to the Singapore shareholders as all shareholders in Singapore are holding less than 1% stake of the issued shares. Thus, the company will announce all notices convening meetings and relevant document on 3rd Decemberwhich is at 2 weeks before the meeting and all shareholders in Singapore can have the documents by downloading. If there is someone who wants the hard copies of above-saiddocuments and vote on proposals, please send the information as below to the Company no later than 3rd December, 2021.
Pan Ocean Co. Ltd. published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 05:17:06 UTC.
Pan Ocean Co Ltd is a Korea-based company principally engaged in the provision of sea transportation services. The Company operates its business through two segments. The Shipping segment is engaged in the provision of sea transportation services using bulk carriers and non-bulk carriers. The bulk carriers include break bulk liners, trampers and large bulkers. The non-bulk carriers include tankers, containers, gas carriers and heavy lifters. This segment is engaged in the sea transportation of cargoes such as iron ores, coals, grains, containers, crude oil, crude oil, automobiles, liquefied natural gas (LNG), as well as special cargoes. In addition, this segment is engaged in the grain business, which purchases and sells grain to importers. The Other segment is involved of ship management business and leasing business.
PAN OCEAN CO., LTD. 
