2.7
Reporting Requirements
Within 30 days of the passing of a Shareholders’ resolution to approve the purchases of Shares by
the Company, the Company shall lodge a copy of such resolution with the Registrar.
The Company shall notify the Registrar within 30 days of a purchase of Shares by the Company on
the SGX-ST or otherwise. Such notification shall include details of the purchases including the date
of the purchases, the total number of Shares purchased by the Company, the number of Shares
cancelled and the number of Shares held as treasury shares, the Company’s issued ordinary share
capital before and after the purchase of Shares, the amount of consideration paid by the Company
for the purchases and such other information as required by the Companies Act.
Listing Rule 886(1) specifies that a listed company shall notify the SGX-ST of all purchases or
acquisitions of its Shares not later than 9.00 a.m.:
(a)
in the case of a Market Purchase, on the Market Day following the day on which the Market
Purchase was made; and
(b)
in the case of an Off-Market Purchase under an equal access scheme, on the second Market
Day after the closing of acceptances of the offer for the Off-Market Purchase.
The notification of such purchases or acquisitions of Shares to the SGX-ST shall include details of
the total number of Shares authorised for purchase, the date of purchase, prices paid for the total
number of Shares purchased, the purchase price per Share or the highest and lowest purchase price
per Share and the number of issued Shares excluding treasury shares after purchase, in the form
prescribed under the Listing Rules. The Company shall make arrangements with its stockbrokers to
ensure that they provide the Company in a timely fashion the necessary information which will enable
the Company to make the notifications to the SGX-ST.
The Company, upon undertaking any sale, transfer, cancellation and/or use of treasury shares,
will comply with Rule 704(28) of the Listing Manual, which provides that an issuer must make an
immediate announcement thereof, stating the following:
(i)
date of the sale, transfer, cancellation and/or use;
(ii)
purpose of such sale, transfer, cancellation and/or use;
(iii)
number of treasury shares sold, transferred, cancelled and/or used;
135
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
APPENDIX
