kingsmen creatives ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 200210790Z)
Directors:
Soh Siak Poh Benedict (Executive Chairman)
Simon Ong Chin Sim (Group Managing Director and Executive Director)
Chong Siew Ling (Managing Director, Exhibitions & Museums and Executive Director)
Prabhakaran s/o Narayanan Nair (Independent Director)
Wong Ah Long (Independent Director)
Tan Cher Liang (Independent Director)
Registered Office:
3 Changi South Lane
Kingsmen Creative Centre
Singapore 486118
13 April 2016
To:
The Shareholders of Kingsmen Creatives Ltd.
Dear Shareholder,
THE PROPOSED RENEWAL OF THE SHARE PURCHASE MANDATE
1.
INTRODUCTION
The Directors of the Company are convening the 2016 AGM to seek the Shareholders’ approval for,
inter alia
, the
proposed renewal of the Share Purchase Mandate.
At the extraordinary general meeting of the Company held on 28 April 2008, the Shareholders had approved the Share
Purchase Mandate to enable the Company to purchase or otherwise acquire the Shares. The Share Purchase Mandate
was last renewed at the annual general meeting of the Company held on 30 April 2015 (the “
2015 Mandate
”). The
validity period of the 2015 Mandate will expire at the 2016 AGM. Accordingly, the Company is seeking approval from
the Shareholders for,
inter alia
, the renewal of the Share Purchase Mandate at the 2016 AGM.
This Circular is circulated to the Shareholders together with the Company’s Annual Report. The purpose of this Circular
is to explain the rationale for, and provide the Shareholders with information relating to, the proposed renewal of the
Share Purchase Mandate to be tabled at the 2016 AGM.
2.
PROPOSED RENEWAL OF THE SHARE PURCHASE MANDATE
2.1 Rationale for the Share Purchase Mandate
The Share Purchase Mandate would give the Company flexibility to undertake purchases or acquisitions of its
Shares at any time, subject to market conditions, during the period when the Share Purchase Mandate is in force.
Share purchases or acquisitions provide the Company with a mechanism to facilitate the return of surplus cash
(if any) over and above its ordinary capital requirements to its Shareholders, in an expedient and cost-efficient
manner. Share purchases or acquisitions will also allow the Directors greater flexibility over the Company’s share
capital structure with a view to enhancing its NTA per share and/or EPS.
letter to
shareholders
k i n g s m e n c r e a t i v e s l t d
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