RBS Virtual Shareholder Event, Thursday 16 July 2020

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.

I am looking forward to this virtual shareholder event and have registered.

RBS had a closed AGM (due to Covid) and promised this event for retail shareholders so they could ask the questions they would have liked to have asked at the AGM.

Now is your chance to listen to RBS management and ask your questions.

To secure your place, please register by 10th July here if you know your SRN (shareholder registration number which you can find on your share certificate). You will then receive a confirmation email with full details of how to join the session.

Any shareholders who hold their shares via a platform/nominee who wish to attend should email shareholderevent@rbs.com and RBS will arrange it, so they have told me. RBS have only invited main register shareholders but they will register nominee shareholders also, but cannot do it via their online website (I thought their state or the art technology  and IT skills was one of their sources of competitive advantage, so I find it surprising that they cannot automate this simple problem for shares held via intermediares!!).

The event is principally for shareholders, but others can email RBS at shareholderevent@rbs.com and ask to attend.

RBS will be publishing its results for the first half of 2020 on 31st July, so panel members will be restricted in how much they can comment on RBS’ financial performance in the second quarter of 2020 and beyond. ShareSoc commented on the poor timing of the AGM which restricted what could be said at and just prior to the meeting, as the company was in a close period. We said at the time that the AGM should have been after the Results for Q1 had been announced. RBS have now repeated their scheduling schoolboy error by holding this event 2 weeks before the Q2 results announcement.

Questions can be pre-submitted prior to the meeting.

Cliff Weight, Director, ShareSoc

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