NOTICE OF ANNUAL GENERAL MEETING
170
ASL Marine Holdings Ltd.
Annual Report 2016
(iii)
the date on which the Company has purchased the maximum number of Shares
mandated under the Share Purchase Mandate;
(c) in this resolution:-
“Average Closing Price” means the average of the closing market prices of a Share over
the five consecutive Market Days on which the Shares are transacted on the SGX-ST,
immediately preceding the date of the Market Purchase by the Company or, as the case may
be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to
be adjusted, in accordance with the listing rules of the SGX-ST, for any corporate action that
occurs after the relevant five Market Days period;
“date of the making of the offer” means the date on which the Company makes an offer for
the purchase or acquisition of Shares from holders of Shares, stating therein the relevant
terms of the equal access scheme for effecting the Off-Market Purchase;
“Market Day” means a day on which the SGX-ST is open for trading in securities;
“Maximum Percentage” means that number of issued Shares representing 10% of the total
number of issued ordinary shares (excluding treasury shares) in the capital of the Company
as at the date of the passing of this resolution; and
“Maximum Price” in relation to a Share to be purchased, means the purchase price to be
paid for the Shares (excluding brokerage, stamp duties, commission, applicable goods and
services tax and other related expenses) not exceeding:-
(i)
in the case of a Market Purchase, 105% of the Average Closing Price; and
(ii) in the case of an Off-Market Purchase pursuant to an equal access scheme,
110% of the Average Closing Price, and
(d)
the directors of the Company and/or any of them be and are hereby authorised to
complete and do all such acts and things (including executing such documents as may
be required) as they and/or he may consider expedient or necessary to give effect to the
transactions contemplated and/or authorised by this resolution.
Resolution 7
8.
To transact such other business as can be transacted at an Annual General Meeting of
the Company.
By Order of the Board
Ang Kok Tian
Chairman, Managing Director and CEO
Singapore
11 November 2016
