Coronavirus: Unilever, CalBank postpone Annual General Meetings

More public firms have postponed their Annual General Meetings (AGMs) because of the coronavirus pandemic.

While some have suspended the AGMs indefinitely, others have rescheduled them.

The AGMs usually are meetings that critical business decisions are taken by the shareholders.

They include approval or rejection of annual financial statements, appointment of new board members, approval or rejection of external auditors.

Indigenous bank, CalBank said: “Notice is hereby given to all shareholders of CalBank and the investing public that the 2020 Annual General Meeting scheduled for May 6, 2020 at the Accra International Conference Centre (AICC) has been postponed until further notice.”

According to the bank, the postponement is pursuant to, and in compliance with the directive on public gatherings issued by the President of the Republic of Ghana on 15 March 2020, as part of measures to reduce the spread of COVID-19.

In that regard, the Board of CalBank will continue to review the situation and provide further information in due course.

It added: “We urge all our shareholders to continue to practice the needed safety protocols as we work together to fight the COVID-19 pandemic.”

Also, Unilever Ghana said: “Notice is hereby given that the Annual General Meeting of Unilever Ghana Limited scheduled for Thursday, May 14 2020 has been put on hold until further notice.”

This decision, it said, is in compliance with the directive on public gatherings issued by the President of the Republic of Ghana and the Ghana Stock Exchange as a result of the COVID-19 pandemic on the 15th and 16th of March 2020, respectively.

It added that “Management would like to assure all shareholders that once the situation stabilizes and the President of the Republic of Ghana issues a directive to lift the ban on public gatherings, a new date for the AGM would be communicated to all Shareholders.”