The Singapore Exchange Regulation (“SGX RegCo“) has issued a new guidance note setting out its expectations on the issuers’ conduct of general meetings amid the ongoing COVID-19 situation with regard to:
- The use of virtual information session (“VIS“) for prescribed corporate actions; and
- Prescribed timeline for addressing shareholders’ questions submitted before general meetings (“Prescribed Q&A timeline“).
The additional practices relating to VIS and the Prescribed Q&A timeline will take effect for any notice of general meeting served after 1 January 2022. Issuers listed on Singapore Exchange Securities Trading Limited (SGX-ST) which do not utilise both real-time remote electronic voting and real-time electronic communication at their general meetings will be required to adopt these additional practices, in addition to the guidelines set out in the SGX RegCo “Guidance on the Conduct of General Meetings Amid Evolving COVID-19 Situation” that was issued on 1 October 2020.
To find out more about these additional practices set out in the new SGX RegCo “Guidance on what SGX RegCo expects on the conduct of general meetings amid the ongoing COVID-19 situation” that was issued on 16 December 2021, please click “READ MORE” for our Update.
For more information, click here to read the full Legal Update.
