Due to the constantly evolving Covid-19 situation in Singapore, we may be required to change our AGM arrangements at short notice. Do kindly check this page for the latest updates on the status of the DBS AGM.

IMPORTANT UPDATE (as at 26 March 2020, 12pm)

DBS Annual General Meeting to be postponed

In light of stricter measures announced by the Ministry of Health (MOH) on 24 March 2020, and legislative amendments which will be addressed in Parliament in April 2020 in relation to the conduct of meetings (which include allowing listed companies the flexibility to hold meetings solely by virtual means), we regret that the DBS Annual General Meeting (AGM) originally scheduled for 31 March 2020 will 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.

We will update shareholders of the new date for the AGM and the procedures for participation through mail and this website after the legislative amendments to facilitate the holding of meetings have been passed.

We apologise for the inconvenience caused and thank you for your patience during these difficult times.

 

FAQs for deferring AGM

DBS is required to defer its AGM to a later date (to be confirmed) due to the restrictions on the holding of events as stated in the notification by the Ministry of Health released in the evening of 24 March 2020 (“24 March MOH Notification”) to minimise further spread of Covid-19.

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. These restrictions are currently expected to be place until 30 April 2020 but may be extended if the Covid-19 situation does not improve.  

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).   

 


We have explored this option. However, at this present time, we are unable to do so as Singapore law does not allow listed companies to conduct shareholder meetings solely by virtual means. 


We are not able to confirm at this point in time.

We understand from the joint statement issued by ACRA, MAS and SGX RegCo on 25 March 2020 (https://www.sgx.com/media-centre/20200325-guidance-safe-distancing-measures-issuers-when-conducting-meetings) that legislative amendments are being proposed for Parliament sitting in April 2020 in relation to the conduct of meetings. The proposed amendments include, among others, allowing issuers the flexibility to hold meetings solely by virtual means.

We will notify shareholders of the new date fixed for the AGM and procedures for participation in the AGM, after the law has been amended and we have more clarity on how we can hold our AGM amidst the Covid-19 situation.  


There will NOT be any physical meeting or webcast of the AGM on 31 March.   


Pre-registrations to watch the webcast and for physical attendance for the AGM on 31 March 2020 have ceased until further notice.

We will provide further details on the new date of the AGM, and how shareholders can participate in our AGM, after we have more clarity on how we can hold our AGM in view of the Covid-19 situation.  


We regret that all pre-registrations for in-person attendance at our AGM on 31 March 2020 will be disregarded. Shareholders who pre-registered to attend the AGM on 31 March 2020 will not receive any email confirmations.

We will provide further details on the new date of the AGM, and how shareholders can participate in our AGM, after we have more clarity on how we can hold our AGM in view of the Covid-19 situation.   


Yes, shareholders will have to submit a new proxy form reflecting the new date of the AGM.   

All submitted proxy forms for the 31 March 2020 AGM will be disregarded.  


We are not able to confirm at this point in time. This will depend on the Covid-19 situation and the restrictions imposed by MOH on events and gatherings.  

We will provide further details on the new date of the AGM, and how shareholders can participate in our AGM, after we have more clarity on how we can hold our AGM in view of the Covid-19 situation.


We are not able to confirm at this point in time.

We will provide further details on the new date of the AGM, and how shareholders can participate in our AGM, after we have more clarity on how we can hold our AGM in view of the Covid-19 situation.


We will provide further updates on whether shareholders who have already pre-registered to watch the webcast, need to re-register after the new date of the AGM is fixed.    

Shareholders who pre-registered to watch the live webcast of the AGM on 31 March 2020 will not receive any email with log-in credentials by 30 March.


Yes, the payment of the final dividend will be delayed. Under Singapore law, shareholders’ approval is required before we can pay the final dividend of 33 cents per share.

As we are unable to fix the date of the new AGM at this point in time, we do not know when the final dividend can be paid. We will update shareholders after we have more clarity.