ASL Marine Holdings Ltd.
Annual Report 2016
171
Notes
1. (a) A member who is not a relevant intermediary is entitled to appoint not more than
two proxies to attend, speak and vote at the meeting. Where such member’s form of
proxy appoints more than one proxy, the proportion of the shareholding concerned
to be represented by each proxy shall be specified in the form of proxy.
(b) A member who is a relevant intermediary is entitled to appoint more than two proxies
to attend, speak and vote at the meeting, but each proxy must be appointed
to exercise the rights attached to a different share or shares held by such member.
Where such member’s form of proxy appoints more than two proxies, the number and
class of shares in relation to which each proxy has been appointed shall be specified in
the form of proxy.
“Relevant intermediary” has the meaning ascribed to it in Section 181 of the Companies Act,
Cap. 50.
2. A proxy need not be a member of the Company.
3. The instrument appointing a proxy or proxies must be deposited at the Company’s registered office
at 19 Pandan Road, Singapore 609271 not less than 48 hours before the time appointed for holding
the Annual General Meeting.
4. The instrument appointing a proxy or proxies must be under the hand of the appointor or his/her
attorney duly authorised in writing. Where the instrument appointing a proxy or proxies is executed
by a corporation, it must be executed either under its common seal or under the hand of any officer
or attorney duly authorised.
Explanatory Notes
1. The ordinary resolution proposed in Resolution 6 above is to authorise the directors from the date
of the above meeting until the date of the next Annual General Meeting to allot and issue shares and
convertible securities in the Company. The aggregate number of shares and convertible securities
which the directors may allot and issue under this resolution shall not exceed 50% of the total number
of issued shares (excluding treasury shares) in the capital of the Company at the time this resolution is
passed. For allotments and issues of shares and convertible securities other than on a pro rata basis
to all shareholders, the aggregate number of shares and convertible securities to be issued shall not
exceed 15% of the total number of issued shares (excluding treasury shares) in the capital of the
Company, at the time this resolution is passed.
2. The ordinary resolution proposed in Resolution 7 above is to authorise the directors from the date
of the above meeting until the earliest of (i) the date on which the next Annual General Meeting of
the Company is held or required by law to be held, (ii) the date on which the authority conferred
by this mandate is revoked or varied by shareholders in general meeting, or (iii) the date on which
the Company has purchased the maximum number of shares mandated under this mandate,
to purchase or otherwise acquire issued ordinary shares in the capital of the Company by way of
Market Purchases or Off-Market Purchases of up to 10% of the total number of issued ordinary shares
(excluding treasury shares) in the capital of the Company. For more information on this resolution,
please refer to the letter to shareholders dated 11 November 2016.
