Ascendant AGM postponed
The annual general meeting of Ascendant Group Ltd, scheduled to be held March 27, has been postponed due to the Covid-19 pandemic.
The board of directors of Ascendant, which includes power utility Belco among its holdings, said in a letter to shareholders that a new date will be announced “once the Bermuda Government indicates that it is safe to do so”.
In relation to the pending sale of Ascendant to Algonquin Power&Utilities Corp, the board said it “will continue to work with the Minister of Home Affairs and the Regulatory Authority to ensure that the regulatory approvals required for the sale to proceed are obtained as expeditiously as possible”.
It added: “We will continue to assess the situation in Bermuda and ensure that all applicable laws and proper procedure relating to the postponement and holding of the AGM are complied with and that shareholders’ rights are upheld.
“We will communicate with shareholders once a decision has been made on a new date for the AGM and proceed in accordance with the Companies Act 1981 and the company’s constitutional documents.”
Pair rebuild bridges after kites clash
Strict new rules for shopping
UK flies in 1,800 Covid-19 test kits
BUT slams decision to dock teachers’ pay
Lawyer: SoE is ‘right, proper and justified’
Hundreds sign up for kindness campaign
Payments made to 1,142 laid-off workers
Emergency US repatriation flight finalised
Survivor tells of life-changing experience
Bermudian seniors on holiday stranded in UK
Shoppers implored to resist panic-buying
Burt: we must dig deep to defeat Covid-19
Public schools to reopen ‘when safe’
Grocery deliverers on standby
Ada Nyabongo (1926-2020)
Take Our Poll