Capital Markets, Listed Entities & M&A

Temporary Measures Extended to 30 June 2021: (1) Alternative Meeting Arrangements; (2) Electronic Dissemination of Rights Issue and Take-over/Merger Documents

The following temporary exemption and/or measures that are provided to overcome the control measures put in place to deal with the COVID-19 pandemic have been extended to 30 June 2021 ("extension"):

1. Alternative meeting arrangements for various types of entities to convene, hold or conduct meetings by electronic means; and
2. Electronic dissemination of documents in relation to rights issues of issuers listed on the SGX-ST Mainboard and Catalist and take-over or merger transactions.

This Update provides a summary of the effect of the extension. Refinements to the alternative meeting arrangements for companies, variable capital companies, business trusts, relevant unit trusts and relevant debenture holders to facilitate greater convenience and engagement for virtual meetings are highlighted.