This is after the High Court allowed WPP Scangroup Plc to convene and hold a virtual general meeting, subject to compliance with the provisions of the Capital Markets Act and the Regulations. Prior to this, most of the listed firms were restricted by their Article of Association to hold virtual general meetings. “The court’s decision will benefit all listed companies that could not hold virtual general meetings due to the Articles of Association restrictions. Listed companies will apply to the Capital Markets Authority for a no objection, to proceed as directed by the court,” CMA said in a statement. Prior to this, CMA allowed all listed companies with urgent matters such as payment of dividends to proceed to do so subject to ratification by shareholders in the next possible AGM.

Source: The Star April 30, 2020 13:18 UTC