Company Registration Number: 196300098Z
- OUTCOME OF THE 61ST ANNUAL GENERAL MEETING HELD ON 26 APRIL 2024
- RE-APPOINTMENTOF DIRECTORS
Singapore, 26 April 2024 - Seatrium Limited (the "Company") wishes to announce the following:
-
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
-
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.