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ACHIEVING THE RIGHT BALANCE COSMOSTEEL ANNUAL REPORT 2013 108
SPECIAL BUSINESS
AS ORDINARY RESOLUTIONS
To consider and, if thought fit, to pass the following Ordinary Resolutions, with or without modifications:-
10. That pursuant to Section 161 of the Companies Act, Chapter 50 and Rule 806 of the Listing
Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”), authority be and
is hereby given to the Directors of the Company (the “Share Issue Mandate”) to:
(A) (i) issue shares in the capital of the Company (“Shares”) whether by way of rights,
bonus or otherwise; and/or
(ii) make or grant offers, agreements or options (collectively, “Instruments”)
that might or would require Shares to be issued, including but not limited to
the creation and issue of (as well as adjustments to) warrants, debentures,
convertible securities or other instruments convertible into Shares; and/or
(iii) notwithstanding that such authority conferred by this Resolutionmay have ceased
to be in force at the time the Instruments are to be issued, issue additional
Instruments arising from adjustments made to the number of Instruments
previously issued in the event of rights, bonus or other capitalisation issues,
at any time and upon such terms and conditions and for such purposes and to
such persons as the Directors may in their absolute discretion deem fit; and
(B) issue Shares in pursuance of any Instrument made or granted by the Directors pursuant
to (A)(ii) and/or (A)(iii) above, notwithstanding that such authority may have ceased to
be in force at the time the Shares are to be issued,
provided that:
(I) the aggregate number of Shares to be issued pursuant to this Resolution (including
Shares to be issued in pursuance of Instruments made or granted pursuant to this
Resolution) does not exceed fifty per cent. (50%) of the total number of issued Shares
(excluding treasury shares) (as calculated in accordance with sub-paragraph (II)
below), of which the aggregate number of Shares to be issued other than on a pro rata
basis to shareholders of the Company (including Shares to be issued in pursuance
of Instruments made or granted pursuant to this Resolution) does not exceed twenty
per cent. (20%) of the total number of issued Shares (excluding treasury shares) (as
calculated in accordance with sub-paragraph (II) below);
not i ce
of annual general meet ing ( cont ’d)