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ARTICLE · 27 APRIL 2020

COVID-19: How It Affects Annual General Meetings

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

Elias Neocleous & Co LLC

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Due to the outbreak of the Coronavirus Disease ("COVID-19"), the Republic of Cyprus, like many other countries, has declared a state of emergency and imposed a national lockdown in an attempt to contain the spread of COVID-19.

CyprusCoronavirus (COVID-19)
Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Introduction

Due to the outbreak of the Coronavirus Disease ("COVID-19"), the Republic of Cyprus, like many other countries, has declared a state of emergency and imposed a national lockdown in an attempt to contain the spread of COVID-19. Passenger flights have been banned, and the movements of people have been restricted to those considered to be absolutely necessary (i.e. getting to work, purchasing food, visiting the doctor, and helping those in need).

As this unprecedented situation continues to unfold, companies are having to adjust to a host of effects arising as a result of COVID-19. Many companies, especially Cyprus listed companies which are required to hold their annual general meeting ("AGM") within four months following their financial year-end, have concerns on how they will be able to convene their upcoming AGM in view of the restrictive measures.

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