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DYNA-MAC HOLDINGS LTD.
2016 ANNUAL REPORT
119
Performance At A Glance
Year in Review
Financial Report
Corporate Governance and Transparency
Sustainable Growth
NOTICE OF THE
ANNUAL GENERAL MEETING
The authority for the Additional Limit is proposed pursuant to SGX-ST Practice Note 8.3 which
became effective on 13 March 2017 until 31 December 2018 by which date no further shares shall be
issued pursuant to this Resolution, if on that date the aggregate number of shares (including shares to
be issued in pursuance of the Instruments, made or granted pursuant to this Resolution) exceeds 50%
of the total number of issued shares (excluding treasury shares) in the capital of the Company (“the
Enhanced Rights Issue Limit”). The Enhanced Rights Issue Limit is aimed at helping companies raise
funds expediently for expansion activities or working capital. It is subject to the condition that the
Company complies with applicable legal requirements including but not limited to provisions in the
Companies Act requiring the Company to seek shareholders’ approval and disclosure requirements
under the Listing Manual on the use of the proceeds as and when the funds are materially disbursed
and a status report on the use of proceeds in the annual report; and limitations in any existing
mandate from shareholders.
The Board is of the view that the Enhanced Rights Issue Limit is in the interests of the Company and
its shareholders as it will provide the Company with the option and flexibility to raise further funds
to meet its working capital and/or other funding requirements in a timely manner and without having
to incur additional time and cost to obtain separate shareholders’ approval.
The Enhanced Rights Issue Limit will be exercised only if the Directors believe that to do so would
be likely to promote the success of the Company for the benefit of shareholders as a whole.
Resolution 7: This resolution seeks to renew the annual mandate to allow the Company, its subsidiaries and
associated companies that are entities at risk, or any of them, to enter into certain Interested Person
Transactions with persons who are considered “Interested Persons” (as defined in Chapter 9). Details
of the terms of the mandate are set out in the Appendix to the 2016 Annual Report.
Personal Data Privacy:
By submitting an instrument appointing a proxy(ies) and/or representative(s) to attend, speak and vote at the
Annual General Meeting and/or any adjournment thereof, a member of the Company (i) consents to the collection,
use and disclosure of the member’s personal data by the Company (or its agents) for the purpose of the processing
and administration by the Company (or its agents) of proxies and representatives appointed for the Annual General
Meeting (including any adjournment thereof) and the preparation and compilation of the attendance lists, minutes
and other documents relating to the Annual General Meeting (including any adjournment thereof), and in order
for the Company (or its agents) to comply with any applicable laws, listing rules, regulations and/or guidelines
(collectively, the “Purposes”), (ii) warrants where the member discloses the personal data of the member’s proxy(ies)
and/or representative(s) for the collection, use, and disclosure by the Company (or its agents) of the personal data
of such proxy(ies) and/or representative(s) for the Purposes, and (iii) agrees that the member will indemnify the
Company in respect of any penalties, liabilities, claims, demands, losses and damages as a result of the member’s
breach of warranty.