Benefits of being a Top 20 Shareholders

[CityFarmer]

If you own more 5%, do u get to become one of the board of directors?

when u have >5%, do you WANT to be a director??

you get paid director fee, why not?

WANT is only part of the story, it needs AGM approval for directorship of public company.

[paullow]

i think some agressive tycoons if 5% can't get director, they continue their buying spree till thry get their way.

[Stockerman]

If u hide ur real holdings under nominees and u hold more than 5%, do u still need to declare to SGX?

Even 5% also no diff, more reports to be done on buy or sell under by-law.

[cfa]

Must declare direct and deemed interests..

[RBM]

If u hide ur real holdings under nominees and u hold more than 5%, do u still need to declare to SGX?

Even 5% also no diff, more reports to be done on buy or sell under by-law.

Answer: Yes. And if e.g. your spouse owns shares these are deemed to be held by the shareholder as well.

The only possible advantage of being on the Top 20 Shareholder list is that if the company is considering a share placement (rather than a full blown rights issue) it is more likely to invite you to participate than those shareholders who are not on the Top 20 list - many Companies renew their share issue mandates at their AGM's and typically this allows them to QUOTE issue shares on other than a pro-rata basis to the shareholders of the company UNQUOTE upto a maximum of 20% of the issued shares.