Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  SATS Ltd.    S58   SG1I52882764

SATS LTD.

(S58)
  Report
End-of-day quote. End-of-day quote Singapore Stock Exchange - 01/18
3.99 SGD   -1.24%
2020Singapore Index Extends Gains on Closing; Keppel Shares Up 1%
MT
2020First Batch of COVID-19 Vaccine Lands in Singapore
MT
2020Singapore airport goes sub-zero for COVID-19 vaccine transport plan
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SATS : SGX 24 Sep 2020 Results of AGM held on 24 September 2020

10/02/2020 | 01:05am EST

RESULTS OF THE 47TH ANNUAL GENERAL MEETING

HELD ON 24 SEPTEMBER 2020 AT 11.00 AM

The Board of Directors of SATS Ltd. ("SATS" or the "Company") wishes to announce that pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("Listing Manual"), all of the resolutions set out in the Notice of Annual General Meeting ("AGM") dated 26 August 2020 were duly approved and passed by the Company's shareholders at the AGM held on 24 September 2020. Voting at the AGM was conducted by poll.

RESULTS OF ANNUAL GENERAL MEETING HELD ON 24 SEPTEMBER 2020

  1. Breakdown of all valid votes cast at the AGM

Total number

For

Against

Resolutions

of shares

No. of Shares

%

No. of Shares

%

represented by

votes for and

against the

relevant

resolution

1.

Adoption of the Directors'

Statement,

the

Audited

Financial Statements and

666,876,256

666,821,258

99.99

54,998

0.01

the

Auditors'

Report

thereon

2.

Re-election

of

Mr

Yap

675,222,226

675,057,028

99.98

165,198

0.02

Kim Wah as Director

3.

Re-election

of

Mr

Achal

676,141,626

675,960,800

99.97

180,826

0.03

Agarwal as Director

4.

Re-election

of

Mr

Chia

675,216,436

672,787,222

99.64

2,429,214

0.36

Kim Huat as Director

5.

Re-election of Ms Jessica

675,217,526

675,053,328

99.98

164,198

0.02

Tan Soon Neo as Director

6.

Approval

of

Directors'

fees for the financial year

676,093,292

675,674,761

99.94

418,531

0.06

ending 31 March 2021

7.

Re-appointment of KPMG

LLP

as Auditors

and

authorisation

for

the

676,155,656

675,993,028

99.98

162,628

0.02

Directors

to

fix

their

remuneration

SATS Ltd. 新翔集团有限公司

P.O. Box 3 Singapore Changi Airport Singapore 918141 邮政信箱3 号 新加坡樟宜国际机场 新加坡918141

sats.com.sg

Co. Reg. No. 197201770G

Total number

For

Against

Resolutions

of shares

No. of Shares

%

No. of Shares

%

represented by

votes for and

against the

relevant

resolution

8.

To grant authority to the

Directors

to

issue

additional

shares

and

convertible

instruments

676,541,160

654,984,596

96.81

21,556,564

3.19

pursuant

to

Section

161

of the Companies

Act,

Chapter 50 of Singapore

9.

To grant authority to the

Directors to grant awards

and

issue

shares

in

accordance

with

the

671,041,858

639,577,067

95.31

31,464,791

4.69

provisions of

the

SATS

Performance Share Plan

and

SATS

Restricted

Share Plan

10.

To approve the proposed

renewal

of

the

Mandate

230,020,350

229,874,970

99.94

145,380

0.06

for

Interested

Person

Transactions

11.

To approve the proposed

renewal

of

the

Share

676,134,426

675,968,328

99.98

166,098

0.02

Purchase Mandate

Mr Achal Agarwal who was re-elected as a Director of the Company at the AGM, remains as a member of the Board Executive Committee and a member of the Remuneration and Human Resource Committee.

Mr Chia Kim Huat who was re-elected as a Director of the Company at the AGM, remains as a member of the Board Risk and Safety Committee and a member of the Nominating Committee.

Rule 704(8) of the Listing Manual

Mr Yap Kim Wah who was re-elected as a Director of the Company at the AGM, remains as a member of the Audit Committee and a member of the Board Risk and Safety Committee. The Board considers Mr Yap Kim Wah as independent for the purpose of Rule 704(8) of the Listing Manual. Following the announcement on the Changes to the Composition of the Board Risk and Safety Committee ("BRSC"), Mr Yap Kim Wah will be appointed as the Chairman of the BRSC in place of Mr Tan Soo Nan who will be stepping down as the Chairman of the BRSC and shall remain as a member of the BRSC, with effect from 25 September 2020.

Ms Jessica Tan Soon Neo who was re-elected as a Director of the Company at the AGM, remains as a member of the Audit Committee and a member of the Nominating Committee. The Board considers Ms Jessica Tan Soon Neo as independent for the purpose of Rule 704(8) of the Listing Manual.

2

  1. Details of parties who are required to abstain from voting on any resolution(s), including the number of shares held and the individual resolution(s) on which they are required to abstain from voting
    1. Mr Yap Kim Wah, who holds 3,400 shares, abstained from voting on Ordinary Resolution 2 in respect of his own re-election as Director of the Company.
    2. Mr Achal Agarwal, who holds 31,900 shares, abstained from voting on Ordinary Resolution 3 in respect of his own re-election as Director of the Company.
    3. Mr Chia Kim Huat, who holds 5,090 shares, abstained from voting on Ordinary Resolution 4 in respect of his own re-election as Director of the Company.
    4. Ms Jessica Tan Soon Neo, who holds 3,100 shares, abstained from voting on Ordinary Resolution 5 in respect of her own re-election as Director of the Company.
    5. All the non-executive Directors of the Company, who are also shareholders and collectively hold 145,652 shares (directly or indirectly), abstained from voting on Ordinary Resolution 6 in respect of the payment of Directors' Fees to the non-executive Directors for the financial year ending 31 March 2021.
    6. All Directors of the Company, who are also shareholders and collectively hold 3,705,800 shares, abstained from voting on Ordinary Resolution 9 relating to the authority to grant awards and issue shares in accordance with the provisions of the SATS Performance Share Plan and SATS Restricted Share Plan.
    7. Temasek Holdings (Private) Limited and its associates, abstained from voting on Ordinary Resolution 10 relating to the renewal of the Interested Person Transactions Mandate.
  2. Name of firm and/or person appointed as scrutineers

RHT Governance, Risk & Compliance (Singapore) Pte. Ltd. was appointed as the scrutineers for the AGM.

By Order of the Board

  1. Prema Company Secretary

24 September 2020

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

SATS Ltd. published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2020 05:04:02 UTC


© Publicnow 2020
All news about SATS LTD.
2020Singapore Index Extends Gains on Closing; Keppel Shares Up 1%
MT
2020First Batch of COVID-19 Vaccine Lands in Singapore
MT
2020Singapore airport goes sub-zero for COVID-19 vaccine transport plan
RE
2020SATS Raises Bond Program Limit to $1.5 Billion
MT
2020SATS : SGX Gateway Services Food Solutions 12 Nov 2020 SATS 2Q loss narrower tha..
PU
2020MARKET CHATTER : TajSATS Forays Into Nonaviation Business with Meal Delivery Ven..
MT
2020SINGAPORE AIRLINES : To Offer Wider Range Of Main Course With New Short-Haul Eco..
AQ
2020Singapore's Index Ends Razor-Thin in Green on Friday; Singapore Airlines Issu..
MT
2020SATS Rises 8% as Cost-Cutting Drives Fiscal Q2 Loss Down on Quarterly Basis
MT
2020SATS' : financial performance is returning to normal, and the members' activity ..
AQ
More news
Financials
Sales 2021 959 M 722 M 722 M
Net income 2021 -84,7 M -63,8 M -63,8 M
Net cash 2021 231 M 174 M 174 M
P/E ratio 2021 -52,7x
Yield 2021 0,06%
Capitalization 4 468 M 3 357 M 3 363 M
EV / Sales 2021 4,42x
EV / Sales 2022 2,87x
Nbr of Employees 17 000
Free-Float 98,8%
Chart SATS LTD.
Duration : Period :
SATS Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SATS LTD.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 4,22 SGD
Last Close Price 3,99 SGD
Spread / Highest target 32,3%
Spread / Average Target 5,76%
Spread / Lowest Target -24,8%
EPS Revisions
Managers and Directors
NameTitle
Alexander Charles Hungate President, CEO & Executive Director
Yiu Kiang Goh Non-Executive Chairman
Kok Khong Seah Chief Financial Officer
Chee Meng Yap Independent Non-Executive Director
Pak Kuan Kok Independent Non-Executive Director
Sector and Competitors