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.

Invitation to Meet with Royal Mail, April 8th 15.30pm

Following the Royal Mail’s AGM in 2018, at which 70% of shareholders rejected the Director’s Remuneration Report, the Royal Mail are embarking on a series of consultative meetings with major shareholders and shareholders’ representatives to discuss their concerns.

Such a meeting has been called specifically for representatives of UK Shareholders Association and ShareSoc and will be held at the Royal Mail’s premises at Victoria Embankment London on April 8th and attended by Orna Ni-Chionna, NED and Chair of the Remuneration Committee; Julia Davenport, Director of Reward; and Kulbinder Dosanjh, Company Secretary. The meeting will be restricted to 12-15 maximum and will last for between 1 to 1.5 hours.

Because of the restriction on numbers we ask you to respond as soon as possible to this invitation by emailing your wish to attend to Kate at info@sharesoc.org

Further background is in our blog and press coverage, links are below

Royal Mail Remuneration

http://www.dailymail.co.uk/news/article-5968185/Fury-6million-deal-German-Royal-Mail-chief-wholl-control-living-Switzerland.html

Majority of investors reject pay deal for Royal Mail chief executive …https://www.theguardian.com/…/majority-of-investors-reject-pay-deal-for-royal-mails-ch…

https://www.dailymail.co.uk/news/article-5969955/Royal-Mail-gears-showdown-investors-executive-pay-packages.html

http://www.cityam.com/265726/royal-mail-embarrassed-lack-shareholder-engagement-over

 

The share price has declined by over 60% since its high of £6.31 to £2.40 on 22 Mar 2019 and there is now criticism of the Chairman.

https://www.telegraph.co.uk/business/2019/03/22/royal-mail-names-ba-veteran-keith-williams-chair/

It could be an interesting meeting. ShareSoc Directors Cliff Weight and David Stredder are going to be there. Let us know if you wish to attend.

Regards

Cliff

Note : Extract from Royal Mail communications

‘Following Royal Mail’s AGM in 2018 we are endeavouring to engage with all our shareholders and stakeholders to discuss the results so that we can fully understand the reasons for the voting at that time. We would like to offer you the opportunity to meet with Royal Mail to give you an outline of how our developing strategic thinking will feed into our policy review and to discuss any concerns that you may have.’

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