SGX Extends Deadline for AGMs

Social distancing measures could make the holding of annual general meetings (AGMs) and the performance of statutory audits for full-year financial results challenging, SGX said.

Singapore Exchange Regulation will automatically extend by 60 days the deadline for all issuers with financial year-end on or before 31 March 2020 to hold their AGMs, it announced on Tuesday.

The decision was made in consultation with the Accounting and Corporate Regulatory Authority (ACRA) and the Monetary Authority of Singapore (MAS) in light of government advisories and measures amid the Covid-19 situation.

ACRA also said it will grant an extension of 60 days for all companies, both listed and non-listed, whose AGMs are due between 16 April to 31 July. It is also giving a 60-day extension to companies whose annual return filing due dates fall between May 1 and Aug 31.