DIVIDEND POLICY
While the Company has not formally instituted a dividend policy, it has a good track record of
paying annual dividends to shareholders. In proposing any dividend payout and/or determining
the form, frequency and/or the amount of such dividend payout, the Board will take into account,
inter alia, the Group’s nancial position, retained earnings, results of operation and cash ow,
the Group’s expected working capital requirements, the Group’s expected capital expenditure
and future expansion and investment plans and other funding requirements, general economic
conditions and other internal or external factors that may have an impact on the business or
nancial performance and position of the Group.
DEALINGS IN SECURITIES
The Company has complied with and adopted policies in line with Rule 1207(19) of the SGX-ST
Listing Manual on dealings in the Company’s securities. The Company’s internal compliance
code provides guidance to its officers and employees with regard to dealings in the Company’s
securities. The Group’s officers and employees are prohibited from dealing in the Company’s
securities while in possession of unpublished price-sensitive information of the Group, as well
as during the periods commencing two weeks before the announcement of the Company’s
quarterly results and one month before the announcement of the Company’s full year results
and ending on the date of the announcement of the relevant results. The Group’s officers
and employees are also discouraged from dealing in the Company’s securities on short-term
considerations.
All directors are required to seek Board’s approval before trading in the Company’s shares.
CORPORATE GOVERNANCE
REPORT
ASL Marine Holdings Ltd. /Annual Report 2015
48
