COVID-19: Public listed companies to cancel Annual General Meetings

The ban on social gatherings by the government has compelled some listed companies to cancel their Annual General Meetings (AGM) that was scheduled to start from this month.

The AGM’s normally brings together several hundreds or thousands of shareholders to take critical decisions for their respective companies.

Societe Generale is one of such companies as it has announced the cancellation of its AGM slated for Alisa Hotel on 26 March, 2020.

In a statement, Societe Generale said “This notice refers to the Directive on public gatherings given on March 15, 2020 by the President of the Republic of Ghana, His Excellency, Nana Addo Dankwa Akufo-Addo.

“Reference is also made to the Release by the Ghana Stock Exchange on Annual General Meetings of Listed Companies issued on March 16, 2020.

“The Bank has therefore cancelled the 40th Annual General Meeting which was fixed for Thursday, 26th March, 2020 at 11:00 am at the Alisa Hotel, Ridge Arena, Accra - Ghana.”

It pointed out that a new date, venue and time will be circulated in due course, and as such any inconvenience caused was deeply regretted.

It is expected that other public listed companies scheduled to have their AGMs this month or early April will postpone their meetings to conform with the protocol outlined by President Akufo-Addo.