This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

Update #13
ShareSoc Sirius Shareholders’ Group (SSSG)
SiriusClaim (www.SiriusClaim.com)
15th December 2020

On 8th of December we (ShareSoc and Sirius Claim Group) held a webinar to provide a progress update. The event was very well attended. There were 258 registrants and over 200 attended on the night. Links to the video of the webinar are here and copies of the slides here for those who were unable to attend.

There were a good number of questions and answers at the end. If we were unable to answer your question during the event we will try and follow up with these where we have contact details.

The webinar contained some interesting statistics gathered by ShareSoc and presented by Cliff Weight before the update from Sirius Claim Group.

As discussed in the webinar, we have been working through large volumes of information and we are in the process of completing a briefing pack which outlines and where possible evidences our areas of concern.

We are looking to review this with potential legal partners early next year and, depending on their assessment, we should then know if we have any potential claims and whether they are viable to pursue; there are no guarantees that this will be the case.

Please be assured that we have covered a wide set of subject areas in our work, so anything that you are thinking of, we probably covered. However, and for clarity, at this stage we are unable to share what the potential claims are or whom they maybe against. This is to protect both ourselves and the possibility of the claims.

We will bring you further updates in due course as events unfold, so please keep your eye out for them, and finally I wish you and your families a Merry Christmas and a Happy New Year.

 

Paul Anscombe

Sirius Claim Group

 

 

 

 

  

 

 

3 Comments
  1. Rob Morrison says:

    Keep up the good work, having lost >£40k, anything that can be done to bring those responsible to account, will be welcome!

  2. Paul Thurgood says:

    Hi Paul

    Thank you for the update and all the hard work you and others, including those at ShareSoc, have carried out on our behalf. As you may remember I was quite a vociferous supporter of the efforts to get a better deal for all shareholders a year ago following the derisory offer from AAL. I also encouraged other to join ShareSoc and attended the shareholder meeting. A couple of days ago I received an email from ShareSoc as my membership is up for renewal end of this week. I wanted to check whether the fact I do or do not decide to renew will have any detrimental affect on my participation in any pursuit of claims against AAL etc – I assume not. There are bound to be many others who receive similar emails shortly as I am pretty sure I was one of the first to sign up. I realise that you need to be careful not to divulge too much due to the sensitive nature of you current investigations but some sort of Facebook Group or similar to allow basic communication of progress etc would be good. Should I remain a full member of ShareSoc, I am not sure many others will rejoin as there were many who had their doubts last year. I do appreciate ShareSoc have contributed a lot but they did receive a huge financial boost last year due to the Sirius affect last year I am sure. I look forward to hearing from you with regards to your thoughts on this. Kind regards Paul

  3. Cliff Weight says:

    Paul, You are right. ShareSoc membership is not a prerequisite of membership of the SSSG / Sirius Claim, although of course continued support through full membership is always appreciated.

    However, I disagree that Sirius Shareholder Group was a huge financial boost for ShareSoc. It did lead to 1,000 new members, but only about 190 joined as full (ie paying) members. Sirius led to huge amounts of time and (unpaid) effort from ShareSoc directors and other volunteers, which could have been channelled elsewhere, but ShareSoc decided to allocate its limited resources on behalf of Sirius shareholders.

    I would hope that former Sirius shareholders join ShareSoc, not just because of the work we are doing on behalf of former SIrius shareholders, but because of the broad range of services and campaigning activities we do. As well as SIrius, we are currently undertaking 6 major campaigns-
    Woodford
    Aviva
    Law Commission/nominees/shareholder rights
    Improvements in voting and engagement
    SVS/ITI
    Special Administration Regime (SAR) reform
    Improvements in regulation of AIM.

    Cliff Weight, Director, ShareSoc

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