Many UK listed companies are currently preparing for their AGM to take place during spring and summer 2020. In light of the 2019 novel coronavirus disease (COVID-19) and the current restrictions on movement and gatherings, they are having to consider the contingencies that need to be put in place in order to call and hold an AGM.
Similarly, although many UK listed companies with a 31 December year-end have now published their preliminary results announcements and annual report and accounts, those companies with 31 March and 30 June year-ends should be considering the potential impact of COVID-19 on their corporate reporting and, in particular, their corporate reporting timetable. The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) have both recently published guidance for companies on the key issues to consider in this area.
This artilce first appeared in the May 2020 issue of PLC magazine.
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© Herbert Smith Freehills 2020