DBS to defer annual general meeting
Singapore.26 Mar 2020
Singapore, 26 Mar 2020 - DBS Group Holdings Ltd (DBSH) refers to its:
(ii) announcement dated 25 March 2020 stating that with the stricter measures announced by the Ministry of Health (MOH) in the evening of 24 March 2020 (the “24 March MOH Notification”), DBSH is re-assessing its AGM plans and has suspended pre-registrations for in-person attendance.
The 24 March MOH Notification states that with effect from 11:59pm on 26 March 2020, all events and mass gatherings must be deferred or cancelled, regardless of size. ACRA, MAS and SGX RegCo have also issued a joint statement on 25 March 2020 stating that all listed issuers are expected to comply with MOH’s safe distancing measures, and that legislative amendments are being proposed for Parliament sitting in April 2020 in relation to the conduct of meetings (which include allowing issuers the flexibility to hold meetings solely by virtual means).
In view of the restrictions set out in the 24 March MOH Notification, DBSH regrets that the AGM originally scheduled for 31 March 2020 has to be deferred to a future date to be determined.
This means that there will be no live webcast on 31 March 2020, and shareholders are advised not to go to the AGM venue on that date. Pre-registrations to watch the webcast and for physical attendance on 31 March 2020 have also ceased.
DBSH will update shareholders of the new date for the AGM and the procedures for participation after the legislative amendments to facilitate the holding of the meeting have been passed, and the necessary arrangements have been put in place in order to implement the safe distancing measures imposed by MOH. Shareholders can refer to DBS’ website https://www.dbs.com/investors/agm2020.page for updates on the AGM.
DBSH apologises to shareholders for the inconvenience and thanks them for their patience in these difficult times.
By order of the Board
Teoh Chia-Yin
Group Secretary
26 March 2020
About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 28,000 staff, representing over 40 nationalities. For more information, please visithttp://www.dbs.com.
(i) announcement dated 24 March 2020 regarding online access to its annual general meeting (AGM) to be held on 31 March 2020 as part of added precautionary measures amid the Covid-19 situation; and
(ii) announcement dated 25 March 2020 stating that with the stricter measures announced by the Ministry of Health (MOH) in the evening of 24 March 2020 (the “24 March MOH Notification”), DBSH is re-assessing its AGM plans and has suspended pre-registrations for in-person attendance.
The 24 March MOH Notification states that with effect from 11:59pm on 26 March 2020, all events and mass gatherings must be deferred or cancelled, regardless of size. ACRA, MAS and SGX RegCo have also issued a joint statement on 25 March 2020 stating that all listed issuers are expected to comply with MOH’s safe distancing measures, and that legislative amendments are being proposed for Parliament sitting in April 2020 in relation to the conduct of meetings (which include allowing issuers the flexibility to hold meetings solely by virtual means).
In view of the restrictions set out in the 24 March MOH Notification, DBSH regrets that the AGM originally scheduled for 31 March 2020 has to be deferred to a future date to be determined.
This means that there will be no live webcast on 31 March 2020, and shareholders are advised not to go to the AGM venue on that date. Pre-registrations to watch the webcast and for physical attendance on 31 March 2020 have also ceased.
DBSH will update shareholders of the new date for the AGM and the procedures for participation after the legislative amendments to facilitate the holding of the meeting have been passed, and the necessary arrangements have been put in place in order to implement the safe distancing measures imposed by MOH. Shareholders can refer to DBS’ website https://www.dbs.com/investors/agm2020.page for updates on the AGM.
DBSH apologises to shareholders for the inconvenience and thanks them for their patience in these difficult times.
By order of the Board
Teoh Chia-Yin
Group Secretary
26 March 2020
[END]
About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 11 consecutive years from 2009 to 2019.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 28,000 staff, representing over 40 nationalities. For more information, please visithttp://www.dbs.com.
