Straco Corporation Limited • Annual Report 2014
24
The Company’s dividend policy endeavours to balance dividend return to shareholders with the need for long-term sustainable growth whilst aiming for an
efficient capital structure. The Company strives to provide shareholders on an annual basis with a consistent and sustainable ordinary dividend based on cash
position, working capital, expenditure plans, acquisition opportunities and market environment.
The Company has been declaring dividends at year-end. Any payouts are communicated to shareholders via announcement on SGXNET when the Company
discloses its financial results.
DEALING IN SECURITIES
All Directors and Executives of the Group are not allowed to deal in the Company’s securities during the period commencing two weeks before the
announcement of the Company’s financial statements for the first and third quarters of its financial year and one month before the announcement of the
Company’s second quarter and full year financial statements.
Internal guidelines applicable to all directors and affected staff of the Group with regard to dealings in the shares of the Company have been adopted
whereby such dealings are strictly prohibited during prescribed periods until the announcements of the relevant results are made. The employees and
directors of the Group are also reminded to observe the insider trading laws at all times even when dealing in securities within permitted trading period.
They are also discouraged from dealing in the Company’s shares on short-term considerations.
INTERESTED PERSON TRANSACTIONS POLICY
The Company has adopted an internal policy in respect of any transactions with interested persons and has set out the procedures for review and approval of
the Company’s interested person transactions.
Details of the interested person transactions are disclosed as follows:
Name of Interested Person
Aggregate value of all interested person transactions during the
financial year ended 2014
(S$’000)
Shanghai Poly Technologies Co. Ltd
388
MATERIAL CONTRACTS
There were no material contracts entered into by the Company or any of its subsidiaries involving the interest of the Chief Executive Officer, any director or
controlling shareholder, either still subsisting at the end of the financial year or if not then subsisting, entered into since the end of the previous financial year.
CORPORATE GOVERNANCE
