Megachem Limited Annual Report 2015 57 As this legislative amendment is in favor to our shareholders, we will adopt this new legislation in the forthcoming annual general meeting and will seek shareholders’ approval formally via special resolution for the amendment of our Articles of Association following the full implementation of the legislative changes under Companies Act, Chapter 50. COMMUNICATION WITH SHAREHOLDERS Principle 15 Companies should actively engage their shareholders and put in place an investor relations policy to promote regular, effective and fair communication with shareholders. 15.1 An investor relations strategy is in place which sets the policies to regularly, fairly and effectively communicate with our shareholders. Please refer to Investor Relations section of this Annual Report. 15.2 Information is disclosed timely to our shareholders through SGXNET and is also made available on our Company’s website. The Company ensures that all shareholders are treated fairly by providing all shareholders the same information at the same time. The Company does not practice selective disclosure of material information. 15.3 The Company maintains regular dialogue with shareholders through online Q&A, analyst briefings and at the general meetings. Analyst briefings are conducted for members of the investment community and media after each results announcement. Key management personnel including the Managing Director, Executive Director and Chief Financial Officer are present in these briefings. An on-line Q&A session is also conducted after each result announcement for shareholders to raise their queries with regard to the results. The results announcement, the analyst briefings presentation and the on-line Q&A are all published on SGXNET and are also made available on the Company’s website, www.megachem.com and investors’ relation website, www.shareinvestor. com. 15.4 Shareholders are given the opportunity to air their views via the online Q&A, analyst briefings and at general meetings. 15.5 In its consideration for dividend payment, the Company takes into account, among other factors, current cash position, future cash needs, profitability, retained earnings and business outlook. The Company takes the view that committing to a fixed dividend policy may jeopardise its financial position in times of adverse changes in market conditions. Hence it does not disclose a dividend policy to its shareholders. Nevertheless, it has been making dividend payments every year since its initial public listing. For FY2015, the Company had paid an interim dividend of 0.3 cents per share and is recommending a final tax exempt dividend of 0.7 cents per share, subject to approval at the annual general meeting.
RkJQdWJsaXNoZXIy NTkwNzg=