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OTHERS MCOM HOLDING BERHAD ("the Company" or "MCOM") - Extension of time for convening the Fourth Annual General Meeting ("4th AGM") of the Company

MCOM HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
MCOM HOLDING BERHAD ("the Company" or "MCOM") - Extension of time for convening the Fourth Annual General Meeting ("4th AGM") of the Company

On 28 May 2021, a statement was issued by the Prime Minister’s Office subsequent to the special meeting of the National Security Council where the decision was made to implement a lockdown in phases with the initial phase of a total lockdown starting from 1 June 2021 to 14 June 2021 nationwide to curb the sharp increase in COVID-19 infections in Malaysia.
 

In view of the COVID-19 pandemic and the ensuing enforcement of the total lockdown, Suruhanjaya Syarikat Malaysia (“SSM”) had vided its Practice Directive 8/2021 issued on 1 June 2021 granted an extension of time for a period of 90 days to companies having financial years ended 30 November 2020 to 31 January 2021 by application for circulation/lodgement of financial statements and for holding of annual general meeting (for public companies only) (“EOT Application”), in support of the Government initiatives to ease the economic pressures faced by the corporate community arising from the COVID-19 pandemic.


In response, the Securities Commission Malaysia also issued a revision to its Guidance Notes and Frequently Asked Questions on the Conduct of General Meetings (“Updated SC Guidance”), which took effect on 1 June 2021 when the nationwide total lockdown is implemented. The Updated SC Guidance requires all listed issuers to conduct a fully virtual general meeting during the total lockdown period where all meeting participants including the Chairperson of the meeting, board members, senior management and shareholders participate in the meeting online.

In anticipation of scarcity in live streaming and online remote voting facilities during the total lockdown period and the second half of June 2021, the Board of Directors of MCOM has decided to utilise the EOT Application and defer the 4th AGM of the Company which is originally due to be convened by June 2021 to a later date.

 

The Board of Directors will continue to monitor the evolving situation of COVID-19 in Malaysia and will determine and announce the appropriate date to hold the 4th AGM of the Company. Accordingly, the Notice of the 4th AGM of the Company together with the Proxy Form and/or Notification to Shareholders, will be issued in due course.

 

This announcement is dated 3 June 2021.






Announcement Info

Company Name MCOM HOLDINGS BERHAD
Stock Name MCOM
Date Announced 03 Jun 2021
Category General Announcement for PLC
Reference Number GA1-03062021-00041




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