SATS LTD.
SATS Ltd. (the "Company") is pleased to announce, in accordance with Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("Listing Manual"), that at the Annual General Meeting ("AGM") of the Company held today, the Resolutions relating to the following matters as set out in the Notice of the AGM dated 25 June 2014 were put to the Meeting and duly passed on poll vote:-
Resolutions | For | Against | |||
Resolutions | Number of Shares | Percentage (%) | Number of Shares | Percentage (%) | |
1 | Adoption of the Directors' Report, Audited Financial Statements and the Auditors' Report | 741,970,402 | 99.97 | 212,460 | 0.03 |
2 | Declaration of a final dividend | 742,050,399 | 99.96 | 299,695 | 0.04 |
3 | Re-appointment of Mr David Zalmon Baffsky as Director | 739,121,154 | 99.68 | 2,371,373 | 0.32 |
4 | Re-appointment of Mr Nihal Vijaya Devadas Kaviratne CBE as Director | 733,417,124 | 98.90 | 8,126,377 | 1.10 |
5 | Re-election of Mr Leo Yip Seng Cheong as Director | 739,170,092 | 99.74 | 1,909,764 | 0.26 |
6 | Re-election of Mr Koh Poh Tiong as Director | 720,270,056 | 97.22 | 20,565,119 | 2.78 |
7 | Re-election of Ms Euleen Goh Yiu Kiang as Director | 735,307,798 | 99.26 | 5,504,585 | 0.74 |
8 | Re-election of Mr Yap Chee Meng as Director | 740,418,707 | 99.96 | 287,928 | 0.04 |
SATS Ltd. 新翔集团有限公司
P.O. Box 3 Singapore Changi Airport Singapore 918141
邮政信箱 3 号 新加坡樟宜国际机场 新加坡 918141
sats.com.sg Co. Reg. No. 197201770GResolutions | For | Against | |||
Resolutions | Number of Shares | Percentage (%) | Number of Shares | Percentage (%) | |
9 | Re-appointment and remuneration of Auditors | 732,355,046 | 99.07 | 6,880,101 | 0.93 |
10 | Approval of Directors' fees for the financial year ending 31 March 2015 | 739,663,702 | 99.83 | 1,279,604 | 0.17 |
11 | To grant authority to the Directors to issue additional shares and convertible instruments pursuant to Section 161 of the Companies Act, Chapter 50 of Singapore | 708,179,255 | 95.64 | 32,308,398 | 4.36 |
12 | To approve the proposed extension of the SATS Performance Share Plan and the SATS Restricted Share Plan and to grant authority to the Directors to grant awards and issue shares in accordance with the provisions of the SATS Performance Share Plan and SATS Restricted Share Plan, and to allot and issue shares pursuant to the SATS Employee Share Option Plan | 598,509,044 | 80.97 | 140,701,729 | 19.03 |
13 | To approve the proposed renewal of the Mandate for Interested Person Transactions | 260,233,102 | 99.85 | 391,658 | 0.15 |
14 | To approve the proposed renewal of Share Purchase Mandate | 739,462,441 | 99.87 | 967,997 | 0.13 |
Board Committees
Mr David Zalmon Baffsky was re-elected as a Director of the Company and will continue to serve as the Chairman of the Nominating Committee and a member of the Remuneration
and Human Resource Committee.
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Mr Nihal Vijaya Devadas Kaviratne CBE was re-elected as a Director of the Company and will continue to serve as a member of the Audit Committee and the Board Risk and Safety Committee.
Mr Leo Yip Seng Cheong was re-elected as a Director of the Company and will continue to serve as a member of the Nominating Committee and the Board Risk and Safety Committee.
Mr Koh Poh Tiong was re-elected as a Director of the Company and will continue to serve as a member of the Audit Committee and the Remuneration and Human Resource Committee.
Ms Euleen Goh Yiu Kiang was re-elected as a Director of the Company and will continue to serve as the Chairman of the Audit Committee and a member of the Board Executive Committee.
Mr Yap Chee Meng was re-elected as a Director of the Company and will continue to serve as the Chairman of the Board Risk and Safety Committee.
The Board considers all the above directors as independent directors. More information on the above Directors can be found in the Company's FY2013-14 Annual Report.
As at 23 July 2014, the Audit Committee will comprise of Ms Euleen Goh Yiu Kiang, Mr Nihal Vijaya Devadas Kaviratne CBE and Mr Koh Poh Tiong. All the members of the Audit Committee are independent Directors of the Company. The Board considers Ms Euleen Goh Yiu Kiang, Mr Nihal Vijaya Devadas Kaviratne CBE and Mr Koh Poh Tiong as independent for the purpose of Rule 704(8) of the Listing Manual.
By Order of the Board
S. Prema
Joint Company Secretary
23 July 2014
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