SGX RegCo Consults on Proposed Changes to Listing Rules to Facilitate Shareholder-Requisitioned Meetings

On 23 April 2024, the Singapore Exchange Regulation (“SGX RegCo“) issued a Consultation Paper on “Facilitating Shareholder-Requisitioned Meetings” to seek feedback on its proposed changes to the SGX-ST Listing Rules (Mainboard) and SGX-ST Listing Rules (Catalist) (collectively, “Listing Rules“).

These changes relate to where shareholders (“Requisitionists“) of issuers listed on the SGX-ST (“issuers“) have requisitioned a general meeting (“Shareholder-Requisitioned Meetings“). Within 21 days of deposit of the requisition notice, issuers are to:

• commence facilitative efforts as soon as practicable; or
• (where they dispute the validity of the requisition notice) apply for a court ruling.

All comments should be provided to SGX RegCo by 23 May 2024.

This Update provides a brief summary of the proposed changes to the Listing Rules.