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 29 April 2016, 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.
131
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
APPENDIX
