Straco Corporation Limited • Annual Report 2014
98
Notes:
1)
A member of the Company entitled to attend and vote at the Meeting is entitled to appoint a proxy in his stead.
2)
A proxy need not be a member of the Company.
3)
If the appointor is a corporation, the proxy must be executed under seal or the hand of its duly authorised officer or attorney.
4)
The instrument appointing a proxy must be deposited at the registered office of the Company at 10 Anson Road, #30-15 International Plaza,
Singapore 079903 not later than 48 hours before the time appointed for the Meeting.
Explanatory Notes:-
1.
The ordinary resolution no. 9 is to authorise the Directors of the Company from the date of the above Meeting until the next Annual General Meeting
to issue shares and convertible securities in the Company up to an amount not exceeding in aggregate 50 percent of total number of issued shares
excluding treasury shares of the Company, of which the total number of shares and convertible securities issued other than on a pro-rata basis to
existing shareholders shall not exceed 20 percent of the total number of issued shares excluding treasury shares of the Company at the time the
resolution is passed, for such purposes as they consider would be in the interests of the Company. This authority will, unless revoked or varied at a
general meeting, expire at the next Annual General Meeting of the Company.
2
The proposed ordinary resolution no. 10, if passed, will empower the Directors of the Company effective 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, to repurchase ordinary shares of the Company by way of market purchases or off-market purchases of up to ten per cent (10%) of the
total number of issued shares (excluding treasury shares) in the capital of the Company at the Maximum Price as defined in the Circular dated 14
April 2015. The rationale for, the authority and limitation on, the sources of funds to be used for the purchase or acquisition including the amount
of financing and the financial effects of the purchase or acquisition of ordinary shares by the Company pursuant to the Share Purchase Mandate on
the audited consolidated financial accounts of the Group for the financial year ended 31 December 2014 are set out in greater detail in the Letter to
Shareholders enclosed together with the Annual Report.
NOTICE OF ANNUAL GENERAL MEETING
