It has been brought to our attention by Sirius that our original MP Template Letter contained certain inaccuracies.
At the time of drafting the template, we had received the impression that Sirius had been negotiating the takeover with Anglo American for a year and a half, including the period covering the 15p open offer and placing. The company confirms, and we accept, that this was not the case.
We would also like to clarify that our reference to a protracted marketing campaign by the company was not intended to imply any breach by Sirius of FCA rules in relation to any open offers.
If you have written to your MP on the basis of the original Template Letter you will need to correct it in order to ensure you do not unintentionally libel Sirius and/or its directors. We would suggest that you do so by using the text of this notice.
Thank you, and apologies.
ShareSoc Sirius Shareholders’ Group (SSSG)
ShareSoc invites individual shareholders in Sirius Minerals Plc (SXX) to register your interest with the ShareSoc Sirius Shareholders’ Group (SSSG).
Many individual investors have lost money through their investment in Sirius. An offer has now been made for the company, which will crystallise the losses and which leaves shareholders with limited options.
ShareSoc has agreed to create the SSSG to help individual Sirius shareholders to communicate and work together for the best collective outcome. Some 200 Sirius shareholders have already joined as ShareSoc members and the more we have the more we hope to achieve on your behalf.
The SSSG has the following objectives:
- facilitating shareholder communication (both between themselves and with relevant parties)
- helping shareholders to review and evaluate their current situation and options
- acting as a shareholder voice to involved parties, to relevant bodies and to the press where appropriate.
The choices facing shareholders at this stage are limited, and the SSSG can make no promises that its activities will improve or expand those choices.
The SSSG is run by Chris Spencer Phillips, Paul de Gruchy and Cliff Weight from ShareSoc and by Yashmin Ismail, Mark Jones and Ian Martignetti who are Sirius shareholders.
We would like to welcome all Sirius shareholders to ShareSoc and to thank those who have joined already.
Introduction to the SSSG: ShareSoc Sirius Shareholder Group (SSSG)
Update #1 24th January 2020 – Letter Sent to the Sirius Board and Meetings Requested
Update #2 28th January 2020 – Shareholder Register Analysis
Update #3 30th January 2020 – Pressure from the Press and Support from the Law Commission
Update #4 5th February 2020 – Meeting with Sirius and Writing to MPs
Update #5 10th February 2020 – Scheme of Arrangement Published
Update #6 15th February 2020 – Clarification to MP letter. more meetings and press coverage
ShareSoc is a not-for-profit organisation with a Board of Directors who are all unpaid, working to improve the rights of retail shareholders and working with companies, regulators and the Government with this objective.
ShareSoc is reliant on our members’ subscriptions and donations to cover our operating costs, including our office costs and the cost of hosting, maintaining and enhancing this website.
Full members can also access our dedicated SSSG Forum, to discuss matters related to Sirius (as well as all our other forums and proprietary content). Details of full member benefits can be found here.
If you wish to make a voluntary contribution to support the activities of ShareSoc please go to this page of our web site: Donations.
Chris Spencer-Phillips – SSSG Co-ordinator tel: 0791 868 1366