SUNNINGDALE TECH LTD
ANNUAL REPORT 2014
122
PROPOSED RENEWAL OF THE SHARE PURCHASE MANDATE
The Singapore Exchange Securities Trading Limited assumes no responsibility for the accuracy of any of the statements made or
opinions expressed or reports contained in this Appendix.
1.
INTRODUCTION
On 29 April 2014, the Company obtained shareholders’ approval at the Annual General Meeting of the Company (“2014
AGM”) to authorize the Directors to exercise all powers of the Company to purchase or otherwise acquire its issued shares in
the capital of the Company (the “Shares”) (“Share Purchase Mandate”) on the terms of the Share Purchase Mandate which
has taken effect from the date of the 2014 AGM until the date of the forthcoming AGM to be held on 27th April 2015 or until
it is varied or revoked by an ordinary resolution of shareholders in the general meeting
ˈ
if so varied or revoked prior to the
forthcoming AGM (“2015 AGM”).
Since the approval of the renewal of the Share Purchase Mandate at the 2014 AGM, the Company has not purchased or
acquired any Shares under the Share Purchase Mandate. Accordingly, the Directors are proposing to seek the approval of
shareholders at the 2015 AGM for the renewal of the Share Purchase Mandate.
2.
DEFINITIONS
In this Appendix, the following definitions apply throughout unless otherwise stated:
“Articles”
: The Articles of Association of Sunningdale Tech Ltd.
“Award”
: A contingent award of Shares granted under the RSP and/or the PSP.
“CDP”
: The Central Depository (Pte) Limited.
“Companies Act”
: The Companies Act, Chapter 50 of Singapore or as amended from time to time.
“Company”
: Sunningdale Tech Ltd.
“Controlling Shareholder”
: A person who: -
(a)
holds directly or indirectly fifteen per cent (15%) or more of the total number
of issued shares excluding treasury shares in the company. The SGX-ST
may determine that a person who satisfies this paragraph is not a controlling
shareholder; or
(b)
in fact exercises control over a company.
“Council”
: The Securities Industry Council of Singapore.
“Directors”
: The Directors of the Company for the time being.
“EPS”
: Earnings per share.
“FY 2014”
: Financial year ended 31 December 2014.
“Latest Practicable Date”
: 27 March 2015 being the latest practicable date prior to the printing of this Annexure.
“Listing Manual”
: The Listing Manual of the SGX-ST, as amended, modified or supplemented from time
to time.
APPENDIX 1
APPENDIX 1
