RE: Perfect sense27 Aug 2020 12:12
All likelyhood it's because of Covid-19.
"However, the outbreak of the Coronavirus is causing companies to rethink their arrangements for 2020 AGMs in light of potential bans on large gatherings, travel restrictions and the risk that venues selected for the meetings may cease to be available due to unexpected closure.
Where AGM notices have already been sent out, or are in the process of being dispatched, companies are urging shareholders to check their websites for AGM updates, and recommending that shareholders submit their proxy votes on resolutions to be considered at the meeting as soon as possible, in case they are not able to attend the meeting in person. They are also making clear that if AGM meetings are held, they will not necessarily take place in the usual format. For example, meetings are likely to be shorter in duration as presentations by the chair and other members of the board are kept to a minimum, or replaced by webcasts.
Problems for companies are exacerbated by the fact that in a number of jurisdictions, including the UK and Hong Kong, there is a legislative requirement for public companies to hold an AGM within a specified period following their financial year-end (within six months in the case of the UK and Hong Kong). Most choose to hold their AGM well before that six-month deadline, but some may want to consider pushing the date back further where practicable. In doing so, however, they incur the risk of having to postpone again and running out of time before the statutory deadline expires."
Source: Https://www.nortonrosefulbright.com/en/knowledge/publications/316de106/covid-19-what-does-this-mean-for-agms
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