DBS Sets Date for AGM

The bank will pay its final dividend of S$0.33 per share on May 26, after approval at the AGM. DBS Bank will hold its annual general meeting (AGM) by electronic means on April 30. As no physical attendees permitted in light of ongoing «circuit breaker» measures, shareholders should pre-register to be able to watch and/or listen to the proceedings online, the bank said in a statement on Thursday

Originally scheduled for March 31, DBS said it would postpone its AGM, following government measures that imposed stricter measures to enforce safe distancing in social settings, given the Covid-19 virus outbreak.

Earlier this month, Singapore Exchange Regulation said it would automatically extend by 60 days the deadline for all issuers with financial year-end on or before 31 March 2020 to hold their AGMs.

The date of UOB’s AGM has not been fixed, it is likely to hold its meeting on April 30. UOB investors are due to approve a final dividend of 55 cents a share and a special dividend of S$0.20 per share at the AGM.

OCBC also said it would defer its AGM, originally scheduled for April 30, to a future date to be determined. The bank was due to pay a final dividend of S$0.28 per share on June 5, with the record date on May 26.