The group failed to submit their FY16 results on time.
After granting a 30-day extension for submission of Ezra’s
FY16 results, SGX approved yet again Ezra’s proposal to hold its Annual General
Meeting (AGM) two months late.
The group was not able to meet the deadline for submission
of results for financial year 2016 ending August 31, 2016. Instead the company
released its FY16 results on November 29 after a 30-day extension.
Ezra announced on SGX that it would need a two-month
extension to hold its AGM to
(i) discuss with its external auditors, and
finalise the Audited Financial Statements for FY2016;
(ii) prepare, finalise,
and printing of the annual report; and
(iii) seek approval from the Board for
the release of the Audited Financial Statements for FY2016 and the accompanying
annual report.
The SGX approval is subject to
(a) the Company announcing
the period of extension granted, the reasons for seeking the extension of time
and the conditions as required under Listing Rule 107;
(b) submission of a
written confirmation from the Company that the extension of time does not
contravene any laws and regulations governing the Company and the constitution
of the Company (or ratification by shareholders at the AGM to waive the
relevant provision in the constitution);
(c) submission of a written
confirmation from the Company that it is not aware of any information that will
have a material bearing on investors’ decision which has yet to be announced by
the Company; and
(d) the Company convening its AGM by 28 February 2017 subject
to approval of the same being obtained from ACRA.
SGX
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