An American Depositary Receipt ("ADR") is a negotiable receipt issued by a US depositary bank to represent a specified number of ordinary shares of a non-US issuer that has been deposited with the depositary bank or its custodian. As of 10 October 2008, certain amendments to US securities laws became effective which made it easier for depositary banks to establish unsponsored ADR programmes without the participation or consent of the issuer.
Singapore Technologies Engineering Ltd has not authorised and does not support or encourage the establishment of any unsponsored ADR programmes in respect of its securities and disclaims any liability in connection with any unsponsored ADRs. Singapore Technologies Engineering Ltd also does not represent to any depositary bank nor should any depositary bank rely on a belief that Singapore Technologies Engineering Ltd publishes on its website or any electronic information delivery system all information in English currently and on an ongoing basis required to claim or maintain the exemption from registration under Rule 12g3-2(b) under the US Securities Exchange Act of 1934.
1. What business is ST Engineering in?
ST Engineering is a global technology, defence and engineering group that uses technology and innovation to solve real-world problems and improve lives through its diverse portfolio of businesses across the aerospace, smart city, defence and public security segments.
2. Where are ST Engineering's main operations?
The Group is headquartered in Singapore with offices in Asia, Europe, the Middle East and the U.S.
3. Who are the members of ST Engineering’s Board of Directors and what are their responsibilities?
Information on the Board of Directors and their responsibilities is available here.
4. Where can I find information about ST Engineering’s business sustainability policies?
Information on ST Engineering’s business sustainability approach and policies is available here.
5. Who are ST Engineering’s independent auditors?
ST Engineering’s independent registered public accounting firm is PricewaterhouseCoopers LLP.
6. What is ST Engineering’s credit rating?
ST Engineering has a triple-A credit rating from Moody’s and S&P.
1. When and where is ST Engineering listed?
ST Engineering was listed on the mainboard of Singapore Exchange (then the Stock Exchange of Singapore) in December 1997.
ST Engineering is also a component stock of the Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index.
2. Where can I get the current ST Engineering’s stock price?
A 10-minute delayed price, as well as other related share information, are available here.
3. Who are ST Engineering’s shareholders?
Temasek Holdings has direct and deemed interests of 1,605,511,999 ST Engineering shares or about 51.54% of total issued share capital as at 2 March 2021.
The rest of ST Engineering shares are widely held by major institutions and funds worldwide, and retail investors.
You may wish to refer to Shareholding Statistics as outlined in our Annual Reports for more information.
4. What restrictions are there to owning ST Engineering shares?
There are no specific restrictions to local or foreign ownership of the ST Engineering shares. However, if any one company or individual wishes to own 15% or more of ST Engineering's issued shares, then the Special Member's approval would be required. The Special Member is the Minister for Finance, who owns one Special Share.
5. I am a shareholder and wish to change my particulars, e.g. mailing address. Who should I contact?
Singapore's Central Depository (CDP) maintains the registrar of shareholders' information for all companies listed on the Singapore Exchange. You must contact CDP directly for changes in your personal particulars:
9 North Buona Vista Drive
Hotline: +65 6535 7511
6. Who can I contact for distribution list subscription and/or shareholder queries?
Our Investor Relations team is available to respond to any questions you may have. Kindly reach out to them at +65 6722 1818 or email@example.com.
Alternatively, please sign up for our mailing list to receive the latest updates from ST Engineering.
7. When is the next annual general meeting?
ST Engineering will convene and hold its 24th Annual General Meeting (AGM) by electronics means on Thursday, 22 April 2021, 2:30 p.m. (GMT+8). Please visit our corporate website for more information about our 24th AGM.
Information on past Annual General Meetings is available here.
1. What is your dividend policy?
We will continue to pay out a substantive portion of our earnings as dividends unless there are changes to our cash requirements and subject to retained earnings balance. We remain committed to create shareholders' value through the EVA approach to managing business and this approach will continue to guide us in terms of dividend policy.
2. Do we consider absolute dividend payout or payout ratio as a basis for return to shareholders?
Dividend ratio may not be our biggest consideration taking our past track records into account. We return value to our shareholders based on long-term fundamentals or long term outlook of our business.
3. How often do you distribute dividends and when is your ex-dividend and dividend payment date?
Since inception in 1997, ST Engineering has declared dividends every year. Ex-dividend date for dividends declared for the preceding financial year is usually in late April or early May and payment date is usually later in May.
Information on ex-dividend and dividend payment date is available here.
4. What do you mean by "one-tier" in your dividends declared?
From 2003 onwards, ST Engineering's dividends are based on one-tier tax system. As such, dividends declared after 2002 will not be taxed the corporate tax rate. Shareholders will receive the net amount of dividends as announced. Thereafter, shareholders will be taxed on dividend income based on their individual tax brackets after the annual income assessment from Inland Revenue Authority of Singapore.
5. Why did the company stop declaring special dividends for financial year ended 31 December 2016?
We have been consistently returning value to our shareholders and we are confident of our ability to sustain the dividend payout.
1. When is ST Engineering's financial year end?
ST Engineering's financial year ends on 31 December.
2. Where can I find historical financial reports?
Historical quarterly financial reports and earnings webcast are available here.
3. When is the next quarterly results announcement?
We announced in February 2020 that we will move to half-yearly reporting for FY2020 and onwards. When appropriate, we will augment our half-yearly financial results with relevant operation information on a quarterly basis. Indicative dates for ST Engineering's financial results announcements and investor relations calendar are available here.
4. Can I attend ST Engineering’s results briefing?
You may wish to join us via our live webcast where you can view the presentation and submit questions online. Webcast link will be made available closer to announcement date on our corporate website and SGX announcement.
Alternatively, please sign up for our mailing list to receive latest updates from ST Engineering.
5. How can I obtain a copy of your annual report?
Annual reports are archived here.
To request a print copy of our latest annual report, please reach out to the Investor Relations team at firstname.lastname@example.org
6. SGX has recently amended its Listing Rules to allow for electronic transmission of Documents. What is ST Engineering's position on this?
The shareholders had, at the AGM held on 21 Apr 2016, approved the adoption of our new Constitution which allows for electronic transmission of our Annual Report.
In support of Singapore Exchange's move towards electronic communications with shareholders, the Group no longer produces CD-ROMs for FY2017 Annual Report and onwards. Shareholders will still receive printed copies of our Notice of AGM, Proxy Form and Request Form. Printed copy of our Annual Report will be available upon request.
7. I wish to attend the various investor events as listed on your investor relations calendar. Who should I speak to?
The events listed on our IR calendar cover activities that we organise for analysts/investors, and investor conferences that we participate to reach out to and engage with the institutional investors.
One of the events that we organise which retail investors/shareholders are welcomed to participate in is our half-yearly results briefing via a live webcast. Webcast link are made available closer to the results release date on our corporate website and SGX announcement.