O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX
O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX
O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX
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may apply for a larger number of Shares in integral multiples of<br />
1,000 Offering Shares.<br />
Lock-ups ....................... Wehaveagreed that we will not, subject to certain exceptions,<br />
issue, offer, sell, contract to sell, pledge or otherwise dispose of,<br />
directly or indirectly, or file with the United States Securities and<br />
Exchange Commission a registration statement under the Securities<br />
Act relating to, any Shares or securities convertible into or<br />
exchangeable or exercisable for any Shares or warrants or other<br />
rights to purchase or subscribe for Shares, or enter into a transaction<br />
which would have the same effect, or enter into any swap,<br />
hedge or other arrangement that transfers, in whole or in part, any<br />
of the economic consequences of ownership of our Shares, whether<br />
any of these transactions are to be settled by delivery of our Shares<br />
or such other securities, in cash or otherwise, or publicly disclose<br />
our intention to make any offer, sale, pledge, disposition or filing,<br />
without, in each case, the prior written consent of the Issue Managers<br />
until six months after the Listing Date.<br />
Certain of our Shareholders have also agreed that, subject to certain<br />
exceptions, they will not offer, sell, contract to sell, pledge or otherwise<br />
dispose of, directly or indirectly, any Shares, without, in<br />
each case, the prior written consent of the Issue Managers until six<br />
months after the Listing Date. See “Plan of Distribution — Restrictions<br />
on Disposals and Issue of Shares”.<br />
Dividends ....................... Inconsidering the level of dividend payments, if any, we intend to<br />
take into account various factors, including (but not limited to):<br />
the level of our cash, gearing, return on equity and retained<br />
earnings;<br />
our expected financial performance;<br />
our projected levels of capital expenditure and other investment<br />
plans;<br />
tax positions of our Company and our subsidiaries;<br />
laws or regulations in issuing dividends; and<br />
any restrictions on payment of dividends that may be imposed on<br />
us by our financing arrangements.<br />
See “Dividend Policy” for a description of our dividend policy.<br />
Listing and Trading ............... Prior to the Offering, there has been no public market for our<br />
Shares. Application has been made to the <strong>SGX</strong>-ST for permission<br />
to list all our issued Shares (including the Vendor Shares), the New<br />
Shares and the Award Shares on the Main Board of the <strong>SGX</strong>-ST.<br />
Such permission will be granted when we have been admitted to<br />
the Official List of the <strong>SGX</strong>-ST. Acceptance of applications for the<br />
Offering Shares will be conditional upon, among other things, permission<br />
being granted to deal in and for quotation for all our issued<br />
Shares (including the Vendor Shares), the New Shares and the<br />
Award Shares. We have not applied to any other exchange to list<br />
our Shares.<br />
Our Shares are expected to commence trading on a “ready” basis<br />
as early as 9.00 a.m. on 28 November 2008 (Singapore time). See<br />
“— Indicative Timetable”.<br />
Our Shares will, upon their issue, listing and quotation on the<br />
<strong>SGX</strong>-ST, be traded on the <strong>SGX</strong>-ST under the book-entry (scripless)<br />
settlement system of CDP. Dealing in and quotation of our Shares<br />
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