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In the context of constantly evolving requirements
of disclosure, transparency and corporate governance,
we aim to provide investors with an accurate, coherent
and balanced account of the Group’s performance. To
do this, multiple communication platforms are utilised
including group briefings to analysts, investors and
the media, one-on-one meetings with shareholders
and potential investors, investor roadshows and the
investor relations section of our corporate website.
In addition, company visits and facility tours are also
organised to help investors gain better insight into the
Group’s operations.
During the year, senior management and the
investor relations team continued to actively maintain
open communication channels with the financial
community. We held over 150 one-on-one and group
meetings with shareholders, analysts and potential
investors. These included non-deal roadshows in
major international financial centres. In Asia, we
covered Singapore, Hong Kong and Tokyo; in Europe,
Frankfurt and London; and in North America, New
York, Boston and Toronto. We also participated
in seven investor conferences during the year. In
Singapore, we participated in the DBS Vickers Pulse
of Asia Conference in January, the Deutsche Bank
Access Asia Conference and the CLSA Corporate Access
Forum in May, the Nomura Asia Equity Forum in June,
the DBS Vickers Pulse of Asia Conference in July, the
UBS ASEAN & India Conference in September and the
Morgan Stanley Asia Pacific Summit in November. We
also organised site visits to our Utilities operations
on Jurong Island to help give analysts and investors
a better understanding of our capabilities in energy
and water.
During the year, Sembcorp Industries was awarded
the Most Transparent Company award under the multi-industry
/ conglomerates category at the Securities Investors Association (Singapore) Investors’ Choice
Awards, in recognition of our commitment to
corporate governance and transparency.
As at the end of the year, the company was ranked
seventh in Singapore’s Governance and Transparency
Index out of 687 companies listed locally. Jointly
launched by The Business Times and the National
University of Singapore’s Corporate Governance and
Financial Reporting Centre, the index assesses the
transparency of companies’ financial disclosures as well
as governance, ethics and rigour in financial reporting.
Sembcorp Industries’ share price performed well in
2010, closing the year at S$5.14 from S$3.70 in 2009.
The company’s share price averaged S$4.23 during
the year, registering a low of S$3.43 on January 27,
2010 and a high of S$5.16 on December 8, 2010.
Daily turnover in 2010 averaged 3.0 million shares.
In 2010, Sembcorp Industries’ shares delivered a total
shareholder return of 43%, outperforming the Straits
Times Index’s 13%.
In 2010, other than our major shareholder Temasek
Holdings, which held 49.5% of our shares as at the
end of 2010, institutional shareholders as a group
continued to dominate Sembcorp’s shareholder base.
Institutional shareholders accounted for 36.9% of
our issued share capital or 73.1% of free float. Retail
shareholders, shareholders holding less than 100,000
shares, and others held the remaining 13.6% of
issued share capital or 26.9% of free float. In terms
of geographical breakdown, excluding the stake
held by Temasek Holdings, Singapore shareholders
accounted for 10% of issued share capital. Our largest
geographical shareholding base was North America
with 14% of issued share capital. Shareholders from
the Europe and Asia excluding Singapore accounted
for 10% and 7% of issued share capital respectively.
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