“Relevant Period” means the period commencing from the date on which the last
AGM was held and expiring on the date the next AGM is held or is required by law to
be held, whichever is the earlier, after the date of this Resolution; and
“Maximum Price”, in relation to a Share to be purchased or acquired, means the
purchase price (excluding brokerage, stamp duties, commission, applicable goods
and services tax and other related expenses) which shall not exceed:
(a)
in the case of a Market Purchase, 105% of the Average Closing Price; and
(b)
in the case of an Off-Market Purchase pursuant to an equal access scheme,
120% of the Average Closing Price,
where:
“Average Closing Price” means the average of the closing market prices of the Shares
over the last five market days, on which transactions in the Shares were recorded,
before the day on which the purchase or acquisition of Shares was made, or as the
case may be, the day of the making of the offer pursuant to the Off-Market Purchase,
and deemed to be adjusted for any corporate action that occurs after the relevant five
market days period;
“day of the making of the offer” means the day on which the Company announces its
intention to make an offer for an Off-Market Purchase, stating therein the purchase
price (which shall not be more than the Maximum Price for an Off-Market Purchase
calculated on the foregoing basis) for each Share and the relevant terms of the equal
access scheme for effecting the Off-Market Purchase; and
(5)
the Directors and/or any of them be and are hereby authorised to complete and do
all such acts and things (including executing such documents as may be required) as
they and/or he may consider necessary, expedient, incidental or in the interests of
the Company to give effect to the transactions contemplated and/or authorised by
this Resolution.
(see explanatory note 4)
9.
To transact any other business that may be properly transacted at an AGM.
BY ORDER OF THE BOARD
Wee Woon Hong
Lwin Lwin Aung
Company Secretaries
10 October 2016
Singapore
NOTICE OF ANNUAL GENERAL MEETING
ISOTEAM LTD. (REgISTRATIOn nuMBER 201230294M)
117
ISOTEAM LTD.
ANNUAL REPORT 2016
