29 Mar 2022

Annual General Meeting to be Held on 20 April 2022

  1. Background. Sembcorp Marine Ltd (“Sembcorp Marine” or the “Company”) refers to:

    (a) the COVID-19 (Temporary Measures) Act 2020 which enables the Minister for Law by order to prescribe alternative arrangements for listed companies in Singapore to, inter alia, conduct general meetings, either wholly or partly, by electronic communication, video conferencing, tele-conferencing or other electronic means;
    (b) the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (the “Order”) which sets out the alternative arrangements in respect of, inter alia, general meetings of companies; and
    (c) the joint statement by the Accounting and Corporate Regulatory Authority, Monetary Authority of Singapore and Singapore Exchange Regulation of 13 April 2020 (and subsequently updated on 27 April 2020, 22 June 2020, 1 October 2020 and 4 February 2022) which provides guidance on the conduct of general meetings amid the evolving COVID-19 situation.

  2. Sembcorp Marine wishes to announce that pursuant to the Order, its 59th Annual General Meeting (“AGM”) will be convened and held by way of electronic means on Wednesday, 20 April 2022 at 11.00 a.m. (Singapore time).

  3. Notice of AGM and proxy form. The Notice of AGM and proxy form will be sent to shareholders by electronic means via publication on our corporate website and on the SGX website. Printed copies of these documents will not be sent to shareholders. 

  4. No personal attendance at AGM. As a precautionary measure due to the current COVID-19 situation in Singapore, shareholders will not be able to attend the AGM in person.

  5. Alternative arrangements for participation in the AGM. Shareholders may participate in the AGM by:

    (i) observing and/or listening to the AGM proceedings via live audio-visual webcast or live audio-only stream;
    (ii) submitting questions to the Chairman of the Meeting in advance of the AGM; and/or
    (iii) appointing the Chairman of the Meeting as proxy to attend, speak and vote on their behalf at the AGM.

    Details of the steps for pre-registration, pre-submission of questions and voting at the AGM by shareholders, including CPF and SRS investors, are set out in the Appendix to this announcement. In addition, CPF and SRS investors who wish to appoint the Chairman of the Meeting as proxy should approach their respective CPF Agent Banks or SRS Operators to submit their votes by 5.00 p.m. on 7 April 2022. There will be no live voting or live Q&A at the AGM.

  6. Persons who hold shares through relevant intermediaries. Persons who hold Sembcorp Marine shares through relevant intermediaries (as defined in section 181 of the Companies Act 1967), other than CPF and SRS investors, and who wish to participate in the AGM by:

    (i) observing and/or listening to the AGM proceedings via live audio-visual webcast or live audio-only stream;
    (ii) submitting questions to the Chairman of the Meeting in advance of the AGM; and/or
    (iii) appointing the Chairman of the Meeting as proxy to attend, speak and vote on their behalf at the AGM,

    should contact the relevant intermediary through which they hold such shares as soon as possible in order for the necessary arrangements to be made for their participation in the AGM.

  7. Annual Report 2021 and Letter to Shareholders. The Annual Report 2021 and the Letter to Shareholders dated 29 March 2022 (in relation to the proposed renewal of the mandate for interested person transactions and the proposed renewal of the share purchase mandate) have been published on our corporate website, and may be accessed as follows:

    (a) the Annual Report 2021 may be accessed at the URL https://www.sembmarine.com/investor-relations/annual-report by clicking on the “DOWNLOAD PDF” button; and

    (b) the Letter to Shareholders dated 29 March 2022 may be accessed at the URL
    https://www.sembmarine.com/investor-relations/circular-to-shareholder by clicking on the hyperlink “Letter to Shareholders dated 29 March 2022”.

    The above documents may also be accessed at the SGX website at the URL
    https://www.sgx.com/securities/company-announcements.

  8. Key dates/deadlines. In summary, the key dates/deadlines which Shareholders should take note of are set out in the table below:
    Key DatesActions
    9.00 a.m. on
    29 March 2022
    (Tuesday)
     
    Shareholders, including CPF and SRS investors, may begin to pre-register at the pre-registration website at the URL https://conveneagm.sg/SEMBMARINE-AGM2022 for live audio-visual webcast/live audio-only stream of the AGM proceedings.

    Shareholders may also begin to submit questions in advance of the AGM, via such pre-registration website or, in the alternative, by post to the Share Registrar, KCK CorpServe Pte. Ltd., in the manner as further described in the Appendix to this announcement.

    5.00 p.m. on
    6 April 2022
    (Wednesday)
    Deadline for shareholders, including CPF and SRS investors, to submit substantial and relevant questions to the Chairman of the Meeting in advance of the AGM.

    Shareholders are strongly encouraged to submit their substantial and relevant questions promptly by 6 April 2022 in order for these to be addressed by the Company by 13 April 2022. If there are subsequent clarifications sought, or substantial and relevant questions/ follow-up questions received after 6 April 2022, the Company will address these as soon as practicable prior to the AGM or during the AGM itself through live audio-visual webcast and live audio-only stream of the AGM proceedings.

    Latest by
    13 April 2022
    (Wednesday)
    The Company will publish its responses to the substantial and relevant questions submitted by shareholders by the 6 April 2022 deadline at the URL
    https://www.sembmarine.com/investor-relations/annual-general-meeting
    meeting and on the SGX website at the URL
    https://www.sgx.com/securities/companyannouncements.

    11.00 a.m. on
    17 April 2022
    (Sunday)
    Deadline for shareholders to:

    • pre-register for the live audio-visual webcast/live audio-only stream of the AGM proceedings; and
    • submit instruments appointing the Chairman of the Meeting as proxy.

    11.00 a.m. on
    19 April 2022
    (Tuesday)

    Authenticated shareholders who have pre-registered via the pre-registration website will receive a confirmation email via the email address provided on pre-registration.

    Shareholders who do not receive the confirmation email by 11.00 a.m. on 19 April 2022, but have registered by the 17 April 2022 deadline should contact the Company’s Share Registrar, KCK CorpServe Pte. Ltd., at +65 6430 8217 between 11.00 a.m. and 5.00 p.m. on 19 April 2022.

    Date and time of AGM
    11.00 a.m. on
    20 April 2022
    (Wednesday)

    Use the login credentials created during pre-registration to access the live audio-visual webcast or live audio-only stream of the AGM proceedings

  9. Further information. For more information, shareholders can refer to the FAQs on our corporate website at the URL https://www.sembmarine.com/investor-relations/investors-faq, or call our hotline number at +65 6971 7044.

  10. Important reminder. Due to the constantly evolving COVID-19 situation in Singapore, we may be required to change our arrangements for the AGM at short notice. Shareholders should check our corporate website at the URL https://www.sembmarine.com/annual-general-meeting for the latest updates on the AGM.

The Company would like to thank all shareholders for their co-operation in enabling us to hold the AGM with the optimum safe distancing measures amid the COVID-19 pandemic.

 

By order of the Board

Tan Yah Sze / Kem Huey Lee Sharon

Joint Company Secretaries

29 March 2022

 

Please click the below links to download:

  1. Notice of AGM
  2. Proxy Form for AGM
  3. Letter to Shareholders dated 29 March, 2022
  4. SGX Announcement of AGM (with Appendix)
  5. Annual Report 2021
  6. Sustainability Report 2021

 

For the full PDF of this announcement, please click here.

 

 

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