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HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
APPENDIX
2.4.2 Duration of Authority
Purchases or acquisitions of Shares pursuant to the proposed Share Purchase Mandate
may be made, at any time and from time to time, on and from the date of the AGM of the
Company held on 23 April 2015, at which the Share Purchase Mandate is approved, up to:
(a)
the date on which the next AGM is held or required by law to be held;
(b)
the date on which the purchases or acquisitions of Shares pursuant to the proposed
Share Purchase Mandate are carried out to the full extent mandated; or
(c)
the date on which the authority conferred by the Share Purchase Mandate is revoked
or varied by the Shareholders in a general meeting,
whichever is the earliest.
The authority conferred on the Directors by the Share Purchase Mandate to purchase Shares
may be renewed at the next AGM or any other general meeting of the Company. When
seeking the approval of the Shareholders for the renewal of the Share Purchase Mandate,
the Company is required to disclose details pertaining to purchases or acquisitions of Shares
pursuant to the proposed Share Purchase Mandate made during the previous twelve (12)
months, including the total number of Shares purchased, the purchase price per Share or
the highest and lowest prices paid for such purchases of Shares, where relevant, and the
total consideration paid for such purchases.
2.4.3 Manner of Purchases or Acquisitions of Shares
Purchases or acquisitions of Shares may be made by way of:
(a)
on-market purchases (“
Market Purchase
”), transacted on the SGX-ST through the
ready market, and which may be transacted through one or more duly licensed stock
brokers appointed by the Company for the purpose; and/or
(b)
off-market purchases (“
Off-Market Purchase
”) effected pursuant to an equal access
scheme in accordance with Section 76C of the Companies Act.
The Directors may impose such terms and conditions which are not inconsistent with the
Share Purchase Mandate, the Listing Rules and the Companies Act, as they consider fit in
the interests of the Company in connection with or in relation to any equal access scheme
or schemes. An Off-Market Purchase must, however, satisfy all of the following conditions:
