SINGAPORE AIRLINES LIMITED
(Incorporated in the Republic of Singapore)
Company Registration No.: 197200078R
OUTCOME OF THE 51st ANNUAL GENERAL MEETING
HELD ON 27 JULY 2023
Pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Singapore Airlines Limited (the "Company") is pleased to announce that by way of a poll vote, all resolutions set out in the Notice of Annual General Meeting ("AGM") dated 28 June 2023 have been duly approved and passed by the Company's shareholders at the AGM held on 27 July 2023.
The results of the poll on each of the resolutions put to the vote at the AGM are set out below:
- Breakdown of all valid votes cast at the AGM
Total Number | For | Against | |||||||||||||||
of Shares | |||||||||||||||||
Resolution Number | Represented | ||||||||||||||||
by Votes For | |||||||||||||||||
and Details | Number of | % | Number of | % | |||||||||||||
and Against | |||||||||||||||||
Shares | Shares | ||||||||||||||||
the Relevant | |||||||||||||||||
Resolution | |||||||||||||||||
Ordinary Resolution 1 | |||||||||||||||||
Adoption of Directors' | |||||||||||||||||
Statement, Audited Financial | 1,957,577,300 | 1,956,527,212 | 99.95 | 1,050,088 | 0.05 | ||||||||||||
Statements and Auditors' | |||||||||||||||||
Report for the year ended 31 | |||||||||||||||||
March 2023 | |||||||||||||||||
Ordinary Resolution 2 | 1,958,148,953 | 1,958,011,353 | 99.99 | 137,600 | 0.01 | ||||||||||||
Declaration of Final Dividend | |||||||||||||||||
Ordinary Resolution 3(a) | |||||||||||||||||
Re-election of Mr Goh Choon | 1,957,122,166 | 1,947,546,184 | 99.51 | 9,575,982 | 0.49 | ||||||||||||
Phong in accordance with | |||||||||||||||||
Article 91 | |||||||||||||||||
Ordinary Resolution 3(b) | |||||||||||||||||
Re-election of Mr Dominic Ho | 1,956,321,447 | 1,953,791,886 | 99.87 | 2,529,561 | 0.13 | ||||||||||||
Chiu Fai in accordance with | |||||||||||||||||
Article 91 | |||||||||||||||||
Ordinary Resolution 3(c) | |||||||||||||||||
Re-election of Mr Lee Kim | 1,956,709,197 | 1,914,277,338 | 97.83 | 42,431,859 | 2.17 | ||||||||||||
Shin in accordance with Article | |||||||||||||||||
91 | |||||||||||||||||
Ordinary Resolution 4 | |||||||||||||||||
Approval of Directors' | 1,955,349,292 | 1,951,130,953 | 99.78 | 4,218,339 | 0.22 | ||||||||||||
emoluments for the financial | |||||||||||||||||
year ending 31 March 2024 | |||||||||||||||||
Ordinary Resolution 5 | |||||||||||||||||
Re-appointment of Auditors | 1,955,820,776 | 1,953,483,273 | 99.88 | 2,337,503 | 0.12 | ||||||||||||
and authority for the Directors | |||||||||||||||||
to fix their remuneration | |||||||||||||||||
Total Number | For | Against | |||||||||||||||
of Shares | |||||||||||||||||
Resolution Number | Represented | ||||||||||||||||
by Votes For | |||||||||||||||||
and Details | Number of | % | Number of | % | |||||||||||||
and Against | |||||||||||||||||
Shares | Shares | ||||||||||||||||
the Relevant | |||||||||||||||||
Resolution | |||||||||||||||||
Ordinary Resolution 6 | |||||||||||||||||
Authority for Directors to issue | |||||||||||||||||
shares, and to make or grant | |||||||||||||||||
instruments convertible into | 1,955,836,916 | 1,941,256,521 | 99.25 | 14,580,395 | 0.75 | ||||||||||||
shares, pursuant to Section | |||||||||||||||||
161 of the Companies Act | |||||||||||||||||
1967 | |||||||||||||||||
Ordinary Resolution 7 | |||||||||||||||||
Authority for Directors to grant | |||||||||||||||||
awards, and to allot and issue | |||||||||||||||||
shares, pursuant to the SIA | 360,336,717 | 329,794,981 | 91.52 | 30,541,736 | 8.48 | ||||||||||||
Performance Share Plan 2014 | |||||||||||||||||
and the SIA Restricted Share | |||||||||||||||||
Plan 2014 | |||||||||||||||||
Ordinary Resolution 8 | |||||||||||||||||
Renewal of the Mandate for | 365,254,269 | 364,337,464 | 99.75 | 916,805 | 0.25 | ||||||||||||
Interested Person | |||||||||||||||||
Transactions | |||||||||||||||||
Ordinary Resolution 9 | |||||||||||||||||
Renewal of the Share Buy | 1,955,355,826 | 1,953,892,210 | 99.93 | 1,463,616 | 0.07 | ||||||||||||
Back Mandate | |||||||||||||||||
- Details of parties who are required to abstain from voting on any resolution(s)
Resolution Number | Details of Parties | Total Number of Shares | ||||||
and Details | Held | |||||||
Ordinary Resolution 8 | Temasek Holdings (Private) Limited | Temasek - 657,306,600 | ||||||
Renewal of the Mandate for | ("Temasek"), and its associates, | |||||||
Napier - 930,959,900 | ||||||||
Interested Person | which include Napier Investments Pte. | |||||||
Transactions ("IPT Mandate") | Ltd. ("Napier"), are regarded as | Other subsidiaries and/or | ||||||
Interested Persons under the IPT | ||||||||
associated companies of | ||||||||
Mandate. They are required to abstain | ||||||||
Temasek - 3,092,392 | ||||||||
from voting on this resolution. | ||||||||
No other party was required to abstain from voting on any other resolution put to the AGM. Nonetheless, to demonstrate good corporate governance practices, all Directors and employees of the Company who are also shareholders were asked to abstain from voting on Ordinary Resolution 7, in respect of the share plan mandate for the Directors to grant awards and allot and issue shares pursuant to the SIA Performance Share Plan 2014 and the SIA Restricted Share Plan 2014.
-
Name of firm appointed as scrutineer
RHT Governance, Risk & Compliance (Singapore) Pte. Ltd. was appointed as scrutineer for the AGM. - Re-appointmentof Directors to the Board Audit Committee
- Mr Dominic Ho Chiu Fai, who was re-elected as a Director of the Company, will continue to serve as a member of the Board Audit Committee ("BAC");
- The Board considers Mr Dominic Ho Chiu Fai to be an independent Director;
- Following the retirement of Mr Hsieh Tsun-yan as Director at the conclusion of the Company's AGM today, he will also step down as a member of the BAC; and
- With the above mentioned, the BAC will comprise four independent non-executive Directors, namely Mr Yeoh Oon Jin (Chairman), Ms Goh Swee Chen, Mr Dominic Ho Chiu Fai and Ms Jeanette Wong Kai Yuan, and one non-independentnon-executive Director, Mr Gautam Banerjee.
By Order of the Board
Brenton Wu
Company Secretary
27 July 2023
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Disclaimer
Singapore Airlines Ltd. published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2023 08:13:15 UTC.