Glossary of SGX announcement terms

The meeting a company holds each year at which the shareholders vote on the matters reserved to them: adopting the audited accounts, re-electing retiring directors, appointing the auditors, and approving directors' fees and any final dividend. Singapore-incorporated companies must hold one under the Companies Act, and an SGX-listed issuer must give notice of it through SGXNet, which is why AGM notices appear on this site's calendars.

Further reading at Investopedia →

A financial report or statement issued by a publicly listed company at the end of a financial year to its shareholders, and is usually audited.

Read at SGX →

An offer of free additional shares to existing shareholders. This will result in dilution of the share prices as well.

Read at SGX →

The day when the shareholder records of a company are closed for registration in order to determine the entitlement of dividends, rights and bonus issues. Only shareholders marked in the company's register at the Book Closure Date would be entitled to receive these benefits.

Read at SGX →

For tax purpose, a registered business trust is treated like a company from the first year it commences operation as a registered business trust. This is because the economic purpose, structure and operation of a registered business trust are similar to those of a company.

Read at IRAS →

Catalist is a market operated by Singapore Exchange Securities Trading Ltd, with a Sponsor- supervised model.

Read at SGX →

Same meaning as in the Companies Act;

Read at SGX →

Director/CEO of: Listed corporation, Trustee-manager of listed BT, Responsible person for listed REIT. Types of interests to be disclosed: Interests or changes in interests in the securities, relevant securities-based derivatives contracts or relevant units of listed issuer. Time period for disclosure to be made: Within two business days of: (a) his appointment as a director/CEO; or (b) an acquisition or disposal of, or a change in, his interest. Director of a listed company incorporated in Singapore. Types of interests to be disclosed: Interest or changes in interests in the securities or relevant securities-based derivatives contracts of a related corporation of the listed company. Time period for disclosure to be made: Within two business days of: (a) his appointment as a director of the listed company; or (b) an acquisition or disposal of, or a change in, his interest in the securities or relevant securities-based derivatives contracts of the related corporation.

Read at MAS →

A share of the company’s profits distributed to shareholders of the company’s ordinary and preferred stocks. The dividend payout is determined by the company’s board of directors and may be paid out in cash or stock dividend. Money paid out by a company to the owner of its stock. An income stock is a stock that has a regularly paid, higher- than-average dividend

Read at SGX →

The first day on which a share trades without the right to a dividend that has already been declared. Buy on or after this date and the seller keeps that payment, not you. It is fixed by reference to the record date -- the day the issuer looks at its register to see who is entitled -- and on SGX it normally falls one market day earlier. A share price will often fall by roughly the dividend on this date, because the entitlement has left it.

Further reading at Investopedia →

Any general meeting of shareholders other than the annual one, called because a decision cannot wait until the next AGM. Typical business is approving a major acquisition or disposal, issuing new shares, altering the constitution, or appointing or removing a director. It can be convened by the board, or requisitioned by shareholders holding enough of the voting capital to compel one.

Further reading at Investopedia →

A dividend paid during a company’s financial year.

Read at SGX →

This term is used collectively to refer to – a company incorporated in Singapore any or all of the shares in which are listed for quotation on the official list of an approved exchange; a corporation (not being a company incorporated in Singapore, or a collective investment scheme constituted as a corporation) any or all of the shares in which are listed for quotation on the official list of an approved exchange, such listing being a primary listing; BT; or REIT.

Read at MAS →

A trading board where companies have met SGX’s stringent financial requirements to qualify for a listing.

Read at SGX →

A statement in which a company tells the market what it expects its own results to be, or warns that they will differ materially from what the market is expecting. On SGX this most often appears as a profit warning issued ahead of the results themselves. Guidance is an estimate made on a particular day from information available then, not a promise, and an issuer is expected to correct the market if the position changes.

Further reading at Investopedia →

A company, usually traded publicly, that raises money from shareholders and invests that money in a portfolio of real estate properties. REITs are modeled after mutual funds, although the tax treatment of REIT income is different.

Read at SGX →

means the date fixed by the Issuer for the purposes of determining entitlements to dividends or other distributions to or rights of holders of its securities.

Read at SGX →

An issue of rights to a company's existing shareholders that entitles them to buy additional shares directly from the company in proportion to their existing holdings, within a fixed time period. The subscription price at which each share may be purchased in generally at a discount to the current market price. Rights are often transferable, allowing the holder to sell them on the open market.

Read at SGX →

On SGX this is usually met in "scrip dividend", an arrangement where shareholders may elect to take new shares instead of the cash dividend, letting the company keep the cash. More generally a scrip is a document standing in for money or for a part-entitlement -- for instance the leftover fraction of a share after a bonus issue or a share consolidation.

Further reading at Investopedia →

Any scheme which enables shareholders to elect to receive shares in lieu of the cash amount of any dividend must comply with the following:—

Read at SGX →

A company buying its own shares back from the market. The shares are then either cancelled or held in treasury, so fewer remain in issue and each one represents a slightly larger claim on the same company. An SGX-listed issuer needs a mandate from shareholders before it can buy back, and must report its purchases to the market daily, which is why buyback announcements appear so frequently on the calendars.

Further reading at Investopedia →

A one-off dividend paid outside the issuer's usual interim and final cycle, typically after a specific event such as selling a business or an unusually strong year. It is announced as special precisely to signal that it is not a commitment to pay again, so it should not be read as a permanent increase in the ordinary dividend.

Further reading at Corporate Finance Institute →

A shareholder who has an interest of interests in one or more voting shares in the company; and the total votes attached to that share, or those shares, is not less than 5 per cent of the total votes attached to all the voting shares in the company. “Voting shares” exclude treasury shares.

Read at SID →

A suspension is generally a longer term trading stoppage that can be requested either by an issuer or imposed by the Exchange. When a suspension is being lifted, a stock will enter into an adjust phase for a minimum duration of 15 minutes before normal trading commences. In a trading halt, orders in the system are not purged until the end of the market day while for a suspension, all orders are purged at the time of the suspension. The Exchange will normally only halt or suspend the trading of an issuer's securities at the request of the issuer. The sponsor is responsible to advise the issuer and notify the Exchange if it forms the view that a trading halt or suspension is warranted. Where there is a difference in opinion between the sponsor and the issuer, the Exchange will take into account both the sponsor's and the issuer's views when acting on such requests. /Amended on 29 September 201129 September 2011 and 7 February 20207 February 2020./

Read at SGX →

A trading halt is a short term trading stoppage requested by an issuer to disclose material information. It is generally requested for a minimum of thirty minutes to a maximum of three market days. When a trading halt is being lifted, a stock will enter into the phase that the market is then in. In a trading halt, orders in the system are not purged until the end of the market day while for a suspension, all orders are purged at the time of the suspension. The Exchange will normally only halt or suspend the trading of an issuer's securities at the request of the issuer. The sponsor is responsible to advise the issuer and notify the Exchange if it forms the view that a trading halt or suspension is warranted. Where there is a difference in opinion between the sponsor and the issuer, the Exchange will take into account both the sponsor's and the issuer's views when acting on such requests. /Amended on 29 September 201129 September 2011 and 7 February 20207 February 2020./

Read at SGX →