135
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2016
2015/2016 ANNUAL REPORT
NOTICE OF ANNUAL GENERAL MEETING AND BOOK CLOSURE
Singapore Shipping Corporation Limited
Company Registration No. 198801332G
(Incorporated in the Republic of Singapore)
(i) the aggregate number of Shares to be issued pursuant to this Resolution (including Shares
to be issued in pursuance of Instruments made or granted pursuant to this Resolution),
does not exceed 50% of the issued Shares in the capital of the Company (as calculated
in accordance with sub-paragraph (ii) below), of which the aggregate number of Shares to
be issued other than on a pro rata basis to shareholders of the Company (including Shares
to be issued in pursuance of Instruments made or granted pursuant to this Resolution)
does not exceed 20% of the issued Shares in the capital of the Company (as calculated in
accordance with sub-paragraph (ii) below);
(ii) (subject to such manner of calculation as may be prescribed by the SGX-ST) for the
purpose of determining the aggregate number of Shares that may be issued under sub-
paragraph (i) above, the percentage of issued Shares shall be based on the number of
issued Shares in the capital of the Company at the time this Resolution is passed, and
adjusting for: (1) any new Shares arising from the conversion or exercise of any convertible
securities or share options or vesting of share awards which are outstanding or subsisting
at the time this Resolution is passed; and (2) any subsequent bonus issue, consolidation
or subdivision of Shares;
(iii) in exercising the authority conferred by this Resolution, the Company shall comply with
the provisions of the Listing Manual of the SGX-ST for the time being in force (unless
such compliance has been waived by the SGX-ST), all applicable requirements under the
Companies Act and the Constitution for the time being of the Company; and
(iv) (unless revoked or varied by the Company in General Meeting) the authority conferred
by this Resolution shall continue in force until the conclusion of the next Annual General
Meeting of the Company or the date by which the next Annual General Meeting of the
Company is required by law to be held, whichever is the earlier.
Note: This Resolution, if passed, authorises the Directors to issue Shares in the capital of the Company
and to make or grant instruments (such as warrants or debentures) convertible into Shares, and to
issue Shares in pursuance of such instruments, up to an amount not exceeding in total 50% of the
issued Shares in the capital of the Company, with a sub-limit of 20% for issues other than on a pro rata
basis to shareholders.
(Resolution 8)
9. That the Directors of the Company be and are hereby authorised to:
(a)
offer and grant options in accordance with the provisions of the Singapore Shipping Corporation
Limited Share Option Plan 2015 and/or grant awards in accordance with the provisions of the
Singapore Shipping Corporation Limited Performance Share Plan 2015 (together the “Share
Plans”); and
(b)
allot and issue from time to time such number of Shares as may be required to be issued pursuant
