AGM Reports

AGM Reports

Our library contains reports on the Annual General Meetings of a large number of listed and quoted companies that our members have attended. This unique resource provides valuable insights for investors in those companies, not available anywhere else.

Please note that the links to our AGM reports included in the summaries below can only be used by full members of ShareSoc, who are registered with our members’ network site. Click here to become a full member, for less than 90p/week and gain full access to our library of hundreds of AGM reports, as well as other member benefits.

If you are already a full member and are still having any difficulty accessing our reports, please contact the ShareSoc Office.

Please note also that these reports are best accessed via a desktop computer or a tablet. If you wish to access them from a smartphone, the links won’t work directly, but will simply direct you to the top of the AGM forum on our members’ network. To use the index present in that forum from a smartphone, please first select the menu at the top right of the members network site and then select “Desktop View” from that menu.

We are sorry about these limitations of our current IT systems and will overcome them in the later stages of our IT upgrade project which is currently underway. We need your support to complete that project. Read more about it here.

Finally, please note that the summaries below are only for more recent AGM reports. Please visit our members network for a full index of all available reports.

Ventus and Ventus 2 VCTs (VEN, VEN2) AGM Report

Report from Tim Grattan The Ventus (VEN) and Ventus 2 (VEN2)  AGMs were held on Thursday 8th August 2019, commencing at 11:30 at the offices of Howard Kennedy (the VCT’s solicitors), No. 1 London Bridge, London SE1 9BG. For investors who are not familiar with VEN and VEN2, they are both Venture Capital Trusts (VCTs) which own (or part own) a number of wind farms and hydroelectric power generation stations in the UK. The directors of the VCTs employ Temporis (renewable energy specialists) ...

Albion Enterprise VCT AGM Report

Report from Steve Holdsworth This year’s Albion Enterprise VCT AGM was held on Tuesday 30th July 2019 at 12:00 at The Charterhouse, a fascinating and historic venue – www.thecharterhouse.org – close to Farringdon rail and tube station, Barbican tube station and Albion’s office in Benjamin Street, to where it recently relocated after 10 years at King’s Arms Yard. It was the first Albion AGM to be held at the new venue after several years of them being held at the City of ...

NewRiver REIT AGM Report

Report from Yusuf Samad I attended the NewRiver REIT AGM. There were initial comments by Allan Lockhart, CEO and a good Q&A session covering about 20 questions. I have captured the key points from the introduction by Allan and the Q&A session including some data from the reports. Mark Bentley was also at the AGM. Management Buying Shares A shareholder asked about buybacks and management buying since the share price drop. The Chairman has bought some shares. The management has been buying mainly through ...

ProVen VCT (PVN) AGM Report

I commented on the results of ProVen VCT before their AGM, here: https://www.sharesoc.org/blog/aim/broker-charges-proven-vct-performance-fee-and-loopup-seminar/ . I said: “Total return to shareholders was 10.3% last year, but the fund manager did even better. Of the overall profits of the company of £18.6 million, they received £7.7 million in management fees (i.e. they received 41% of the profits this year). That includes £5.6 million in performance fees. Studying the management fee (base 2.0%) and the performance fee, I find the... Click here for the complete AGM report ...

Mountfield Group (MOGP) AGM Report

Attendees – Peter Jay, Andy Collins and Andy May of MOGP, Simon Hedger and one other PI plus two reps from DAC Beechcroft Formal business and resolutions all done fairly quickly followed by Peter Jay opening up the meeting for Q&A. Questions and answers below have been summarised where possible and any errors/omissions are... Click here for the complete AGM report if you are a full member of ShareSoc, as these reports are exclusive to our full members. The above is only an introduction ...

Oxford Technology VCTs (OXT, OXH, OTT, OXF) AGM Report

The 2019 Oxford VCT AGMs were held earlier this week (Wednesday 3rd July) at the Oxford Technology VCT offices, The Magdalen Centre, Oxford Science Park, Oxford OX4 4GA. Links to all four Annual Reports (year ending Feb 2019) can be found on the Oxford Technology home page: https://www.oxfordtechnologyvct.com/ At this year’s AGM there were probably around 20 ordinary shareholders present, slightly down on last year. The meeting commenced at 14:00 and after a brief welcome from the OT1 chairman we had a presentation by ...

RA International (RAI) AGM Report

The AGM was held on 24th June. Notes by Simon Hedger/Mark Bentley: Contracts with O&G / mining companies discussed i.e. what are the key differences in bidding them compared to UN type contracts? CEO noted that they are very similar; the key difference being the end client risk as they are typically new clients rather than ones RA has worked with before. Capital requirements of larger projects being bid by the Group. In summary, the bigger the project the more working ...

ECSC (ECSC) AGM Report

This year’s ECSC AGM was held at at Regus - London Monument, 68 King William Street, London EC4N 7DZ on Wednesday 19 June 2019 at 2.00 pm, The previous two AGMs had been held at the company’s HQ in Bradford, so this was a welcome change in venue for attendees from London and the SE. There were around 15 attendees, which included 5 - 6 ordinary shareholders, the BOD and representatives from Allenby (Nomad and Broker) and the PR agency. For investors who ...

Synairgen (SYN) AGM Report

The Synairgen 2019 AGM was held on Monday 2nd June at the offices of Fladgate LLP, 16 Great Queen Street, London. For anyone who is unfamiliar with the company, Synairgen is an AIM listed UK based biotech company focused primarily on developing new treatments for Asthma, COPD and other respiratory diseases. The company floated on AIM in November 2004, issuing approximately 8m shares at 130p/share valuing the company at around £28m. There have been several placings since the IPO; the most recent ...

Albion Technical & General VCT (AATG) AGM Report

This year’s Albion Technical & General VCT AGM was held on Tuesday 4th June 2019 at 11:00hrs at the City of London Club in Old Broad Street, conveniently located between Liverpool Street and Bank stations – the same venue as the two recent Kings Arms Yard VCT and Albion Development VCT AGMs from the same Albion stable. As previously reported, this is the final year that these AGMs were held there due to forthcoming redevelopment of the venue, with future ones ...