20 May 2020

(1) Outcome of the 57th Annual General Meeting held on 20 May 2020
(2) Re-appointment of Directors
(3) President & CEO’s Presentation Slides at the 57th Annual General Meeting 

Singapore, 20 May 2020 – Sembcorp Marine Ltd (the “Company”) wishes to announce the following:

  1. Outcome of the 57th Annual General Meeting of the Company (“AGM”) held on 20 May 2020

    All the resolutions set out in the Notice of the AGM dated 28 April 2020 were duly approved and passed by the Company’s shareholders at the AGM held on 20 May 2020.

    T S Tay Public Accounting Corporation was appointed as the scrutineer for the AGM.

    The results of the poll on each of the resolutions put to the vote at the AGM are set out below:

    Details of parties who were required to abstain from voting on certain resolutions are set out below:

    In addition to Mr Wong Weng Sun who was required to abstain from voting his holding of 3,686,812 shares on Resolution 9 on the proposed adoption of the Sembcorp Marine Performance Share Plan 2020 (“SCM PSP 2020”), employees who are eligible to participate in the SCM PSP 2020, and who are also shareholders of the Company, were required to abstain from voting on Resolution 9.

    In addition to all of the directors listed in the above table who were required to abstain from voting their aggregate holding of 4,972,792 shares on Resolution 10 on the proposed adoption of the Sembcorp Marine Restricted Share Plan 2020 (“SCM RSP 2020”), employees who are eligible to participate in the SCM RSP 2020, and who are also shareholders of the Company, were required to abstain from voting on Resolution 10.

  2. Re-appointment of directors

    Mr Eric Ang Teik Lim, who has been re-elected as a director of the Company, remains as a member of the Board Risk Committee, the Nominating Committee and the Executive Resource & Compensation Committee. He is considered an independent director of the Company.

    Mr Koh Chiap Khiong, who has been re-elected as a director of the Company, remains as a member of the Audit Committee and the Special Committee. He is considered a non-executive and non-independent director of the Company.

  3. President & CEO’s presentation slides at the AGM 

    A copy of the slides presented by the Company’s President & CEO, Mr Wong Weng Sun, at the AGM is enclosed for shareholders’ reference.

 

 

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

 

 

 

 

 

 

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