Company Registration Number: 196300098Z

  1. OUTCOME OF THE 61ST ANNUAL GENERAL MEETING HELD ON 26 APRIL 2024
  2. RE-APPOINTMENTOF DIRECTORS

Singapore, 26 April 2024 - Seatrium Limited (the "Company") wishes to announce the following:

  1. Outcome of the 61st Annual General Meeting of the Company ("AGM") held on 26 April 2024
    All the resolutions set out in the Notice of the AGM dated 9 April 2024 were duly approved and passed by the Company's shareholders at the AGM held on 26 April 2024. T S Tay Public Accounting Corporation was appointed as the scrutineer for the AGM. The results of the poll on each of the resolutions put to the vote at the AGM are set out in the table below*:

Resolution

Total number

For

Against

number and

of shares

Number of

As a

Number of

As a

details

represented by

shares

percentage

shares

percentage

votes for and

of total

of total

against the

number of

number of

resolution

votes for

votes for

and against

and against

the

the

resolution

resolution

(%)

(%)

Ordinary

36,068,375,888

35,973,815,101

99.74

94,560,787

0.26

Resolution 1:

To adopt

the

directors'

statement

and

audited financial

statements

Ordinary

36,079,876,534

35,883,120,848

99.45

196,755,686

0.55

Resolution 2:

To re-elect Mr

Mark

Gainsborough

Ordinary

36,078,242,007

33,633,121,244

93.22

2,445,120,763

6.78

Resolution 3:

To re-elect Mr

Nagi Hamiyeh

Ordinary

36,078,088,317

35,977,133,382

99.72

100,954,935

0.28

Resolution 4:

To re-elect Ms

Ieda Gomes Yell

Ordinary

36,077,367,698

35,980,052,706

99.73

97,314,992

0.27

Resolution 5:

To re-elect Mr

Sarjit Singh Gill

Company Registration Number: 196300098Z

Resolution

Total number

For

Against

number and

of shares

Number of

As a

Number of

As a

details

represented by

shares

percentage

shares

percentage

votes for and

of total

of total

against the

number of

number of

resolution

votes for

votes for

and against

and against

the

the

resolution

resolution

(%)

(%)

Ordinary

36,077,849,314

35,981,471,921

99.73

96,377,393

0.27

Resolution 6:

To re-elect Ms

Astrid

Skarheim

Onsum

Ordinary

36,078,147,419

35,982,777,431

99.74

95,369,988

0.26

Resolution 7:

To re-elect Ms

Mariel

von

Schumann

Ordinary

36,067,716,510

35,938,894,338

99.64

128,822,172

0.36

Resolution 8:

To

approve

directors' fees

for

the year ending 31

December 2024

Ordinary

36,076,969,360

35,888,163,650

99.48

188,805,710

0.52

Resolution 9:

To

re-appoint

KPMG

LLP

as

auditors

and

to

authorise

the

directors

to

fix

their remuneration

Ordinary

33,831,448,531

33,209,569,792

98.16

621,878,739

1.84

Resolution 10:

To

approve

the

renewal

of

the

Share

Issue

Mandate

Ordinary

36,072,839,672

34,797,539,977

96.46

1,275,299,695

3.54

Resolution 11:

To

approve

the

renewal

of

the

Share

Plan

Mandate

Ordinary

11,816,886,150

11,679,547,972

98.84

137,338,178

1.16

Resolution 12:

To

approve

the

renewal

of

the

Interested Person

Transactions

Mandate

Company Registration Number: 196300098Z

Resolution

Total number

For

Against

number and

of shares

Number of

As a

Number of

As a

details

represented by

shares

percentage

shares

percentage

votes for and

of total

of total

against the

number of

number of

resolution

votes for

votes for

and against

and against

the

the

resolution

resolution

(%)

(%)

Ordinary

36,073,449,813

35,980,828,631

99.74

92,621,182

0.26

Resolution 13:

To

approve

the

renewal

of

the

Share Purchase

Mandate

Ordinary

36,105,221,779

35,948,135,993

99.56

157,085,786

0.44

Resolution 14:

To

approve

the

Proposed

Share

Consolidation

*The numbers shown in this table differ from the numbers announced at the AGM. This is because the screen from the webcast service provider's platform did not include the votes cast by the Chairman of the Meeting as proxy. These votes had been duly submitted to the service provider and were correctly counted by the scrutineer. The difference is not material and there is no change in the outcome of the voting. All resolutions put to the vote at the AGM were duly passed.

Details of the parties who were required to abstain from voting on certain resolutions are set out below:

Resolution number and details

Name

Total Number of shares

Ordinary Resolution 5:

Mr Sarjit Singh Gill

741,636

To re-elect Mr Sarjit Singh Gill

Ordinary Resolution 8:

Mr Yap Chee Keong

2,083,085

To approve directors' fees for the

year ending 31 December 2024

Mr Sarjit Singh Gill

741,636

Mr Chris Ong Leng Yeow

9,427,796

Ordinary Resolution 12:

Mr Yap Chee Keong

2,083,085

To approve the renewal of the

Interested Person Transactions

Mr Sarjit Singh Gill

741,636

Mandate

Mr Chris Ong Leng Yeow

9,427,796

Startree

Investments Pte

Ltd

24,219,365,777

("Startree")

Subsidiaries and/or associated

1,657,766,278

companies of Temasek Holdings

(Private)

Limited (other

than

Startree)

Company Registration Number: 196300098Z

  1. Re-appointmentof directors
    Mr Mark Gainsborough, who has been re-elected as a director of the Company, remains as the Chairman of the Board of Directors, the Chairman of the Nomination and Remuneration Committee and Transformation Committee, and a member of the Corporate Social Responsibility Committee. He is considered an independent director of the Company.
    Mr Nagi Hamiyeh, who has been re-elected as a director of the Company, remains as a member of the Audit and Risk Committee, Nomination and Remuneration Committee and Transformation Committee. He is considered a non-executive and non-independent director of the Company.
    Ms Ieda Gomes Yell, who has been re-elected as a director of the Company, remains as a member of the Corporate Social Responsibility Committee and Transformation Committee. She is considered an independent director of the Company.
    Mr Sarjit Singh Gill, who has been re-elected as a director of the Company, remains as a member of the Audit and Risk Committee. He is considered an independent director of the Company.
    Ms Astrid Skarheim Onsum, who has been re-elected as a director of the Company, remains as a member of the Audit and Risk Committee. She is considered an independent director of the Company.
    Ms Mariel von Schumann, who has been re-elected as a director of the Company, remains as a member of the Nomination and Remuneration Committee and Corporate Social Responsibility Committee. She is considered an independent director of the Company.

-End-

Company Registration Number: 196300098Z

About Seatrium Limited

Seatrium Limited ("Seatrium", together with its subsidiaries, the "Group") provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has over 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well as in the repair, upgrading and conversion of different ship types.

The Group's key business segments include Oil & Gas Newbuilds and Conversions, Offshore Renewables, Repairs & Upgrades, and New Energies, with a growing focus on sustainable solutions to advance the global energy transition and maritime decarbonisation.

As a premier global player offering offshore renewables, new energies and cleaner offshore & marine solutions, Seatrium is committed to delivering high standards of safety, quality and performance to its customers which include major energy companies, vessel owners and operators, shipping companies, and cruise and ferry operators.

Seatrium operates shipyards, engineering & technology centres and facilities in Singapore, Brazil, China, India, Indonesia, Japan, Malaysia, the Philippines, Norway, the United Arab Emirates, the United Kingdom and the United States.

Discover more at www.seatrium.com.

For more information, please contact:

Ms Judy Tan

Head, Investor Relations and Corporate Communications

Tel No: +65 97109784

Email:judy.tan@seatrium.com

Ms Clarissa Ho

Senior Manager, Investor Relations and Corporate Communications

Tel No: +65 96321253

Email:shufang.ho@seatrium.com

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Disclaimer

Seatrium Ltd. published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 08:30:13 UTC.