Sydney, Australia, 28 May 2021 — Speedcast International Limited (ASX: SDA), today announced that it has been granted an extension of time to hold its 2019 AGM until one month after the day Speedcast International lodges its financial reports for FY19 in accordance with the existing relief granted by ASIC. This relief amends the existing relief granted to the company in March 2021.
Speedcast International further announced that it has been granted an extension of time to hold its 2020 AGM until one month after the day Speedcast International lodges its financial reports for FY20 in accordance with the existing relief granted by ASIC.
Under the financial reporting relief granted to Speedcast International by ASIC, the deadline for lodging Speedcast International’s financial reports for both FY19 and FY20 is the earlier of i) 30 December 2021, ii) the date on which a disclosure document is lodged with ASIC in relation to any offer for issue or sale of securities that needs disclosure to investors under Chapter 6D of the Corporations Act, and iii) the date on which Speedcast International has a liquidator appointed to it.
Speedcast International needed an extension of time because it was otherwise required under the Corporations Act 2001 (Cth) to have held an annual general meeting for FY19 by 31 May 2020 and for FY20 by 31 May 2021, which it was unable to due to timing and resource constraints.
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