Search ST Engineering

English
AA

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

 

 

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

 

 

 

 

 

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

 

 

 

 

 

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

 

 

 

 

 

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

 

 

 

 

 

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

 

 

 

 

 

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

 

 

 

 

 

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

 

 

 

 

 

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

 

 

 

 

 

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

Top