BUILDING LANDMARKS, CHARTING GROWTH
261
Annual Report 2015
NOTICE OF ANNUAL GENERAL MEETING
(b)
(notwithstanding the authority conferred by this Resolution may have ceased to be
in force) issue shares in pursuance of any Instrument made or granted by the
Directors while this Resolution was in force,
provided that:
(1) the aggregate number of shares to be issued pursuant to this Resolution (including
shares to be issued in pursuance of Instruments made or granted pursuant to this
Resolution) does not exceed 50% of the total number of issued shares in the capital
of the Company, excluding treasury shares (as calculated in accordance with
sub-paragraph (2) below), of which the aggregate number of shares to be issued
other than on a pro rata basis to shareholders of the Company (including shares to
be issued in pursuance of Instruments made or granted pursuant to this Resolution)
shall not exceed 20% of the total number of issued shares in the capital of the
Company, excluding treasury shares (as calculated in accordance with
sub-paragraph (2) below);
(2) (subject to such manner of calculation as may be prescribed by Singapore Exchange
Securities Trading Limited (the “
SGX-ST
”)) for the purpose of determining the
aggregate number of shares that may be issued under sub-paragraph (1) above,
the percentage of issued shares shall be based on the total number of issued shares
in the capital of the Company, excluding treasury shares, at the time this Resolution
is passed, after adjusting for:
(i)
new shares arising from the conversion or exercise of any convertible
securities or share options or vesting of share awards which are outstanding
or subsisting at the time this Resolution is passed; and
(ii) any subsequent bonus issue, consolidation or subdivision of shares;
(3) in exercising the authority conferred by this Resolution, the Company shall comply
with the provisions of the Listing Manual of the SGX-ST for the time being in force
(unless such compliance has been waived by the SGX-ST) and the Articles of
Association for the time being of the Company; and
(4) (unless revoked or varied by the Company in general meeting) the authority conferred
by this Resolution shall continue in force until the conclusion of the next Annual
General Meeting of the Company or the date by which the next Annual General
Meeting of the Company is required by law to be held, whichever is the earlier.
