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.

You will find summaries of our AGM reports on this page. You can also search for reports on a specific company, using our “Research” feature. Only full members of ShareSoc can view the full details of our AGM reports and need to login to do so. If you wish to gain access, 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.


RM (RM.) AGM Report 2012

Does the fact that a company is in difficulties justify breaching corporate governance guidelines and sound remuneration policies? I attended the AGM of RM Plc on Monday the 26th March at their offices near Abingdon. It’s always good to see a company’s offices (they were a bit drab, although in a modern building on a science park – rather like a school in fact), but I am not greatly pleased when they set the time for 9 o’clock on a Monday morning. I did complain ...

4imprint Group (FOUR) General Meeting Report 2012

4imprint is a company that sells promotional merchandise. I attended a General Meeting of the company in central London on the 14th March (in effect what used to be called an “extraordinary general meeting”) to approve the disposal of Brand Addition. The company is disposing of a major division, representing 32% of its revenue last year, so revenue and profits in future will be substantially less as a result (Brand Addition was profitable and seemed to be a reasonable return on ...

Chrysalis VCT (CYS) AGM Report 2012

Chrysalis is a Venture Capital Trust which had a somewhat disappointing start in life back in the year 2000. As a result in 2004 the fund manager was fired, the company name was changed to Chrysalis and it became a “self managed” trust, i.e. they directly employ a fund manager rather than contracting it out to a third party as most investment trusts (and VCTs) do. Since that initial debacle the Net Asset Value has been recovering – according to Allenbridge ...

William Sinclair Holdings plc (SNCL) – AGM Report 2013

Share Price:  140p Market Capitalisation:  £24.m Institutions : 32.8% (inc Slater Investments 7%) Activities: A leading UK producer of commercial, horticultural and branded garden products including J. Arthur Bower’s, Silvaperl and New Horizon, the leading brand in the fast growing peat free garden compost and organic plant food sectors. Customers include Garden Centre Group, Sainsburys, Morrisons, Wilkinsons, Homebase and B&Q as well as independents. Report and Accounts for the year ended 30th September 2012 The Chairman read a bland press release indicating the company was basically ...

IDOX (IDOX) AGM Report 2012

IDOX, a software company that specialises in document management in the local authority and engineering sectors, held its AGM in London today – at the rather inconvenient time of 10.00 am. That might explain why they only got 4 shareholders present, and why I had not attended their AGMs in previous years (I have been a shareholder for some time and can’t complain about the recent share price performance). The meeting opened with questions. I asked about the trend to service based ...

Brewin Dolphin (BRW) AGM Report 2012 – A Last Supper (plus one).

The Annual General Meeting of Brewin Dolphin took place in Merchant Taylor’s Hall in the City of London on the 24th February. Brewin Dolphin are a traditional stockbroker with many private clients, and can actually date their history back to 1762 (I have to admit to being a client of theirs). In recent years they have expanded by acquiring regional stockbrokers typically via share issuance. As a result, and because of generous share option schemes, they have a large number of ...

Media Corporation (MDC) AGM Report 2012

I attended the Annual General Meeting of Media Corporation Plc in London on the 16th February. I have only a nominal holding in the company which I obtained solely so I could attend the AGM as I have been following this company and its problems for some time (it has been reported on in past editions of the ShareSoc Informer Newsletter). ShareSoc has been giving some informal advice to some of the shareholders who have been concerned about past events, and ...

Downing Income VCT3 (DIVO) General Meeting Report 2012

Yesterday there was a General Meeting of Downing Income VCT3 – what used to be called an Extraordinary General Meeting (EGM) but technically there is no longer any such thing – there are only General Meetings. This was called to approve the issue of new shares (in effect to create a new “E” share investment pool), with all the associated changes to the Articles that are required. Bearing in mind that this company has been a very disappointing investment over the years ...

Baronsmead VCT 1(BVT) and VCT 2 (BMD) AGM Reports 2012

On the 11th January I attended the AGMs of Baronsmead VCT and Baronsmead VCT 2 which were held one after the other (with lunch intervening) at the London Stock Exchange building (one now has to enter via the back entrance to avoid the on-going “demonstration” outside St. Pauls). It makes sense to combine these meetings to some extent because they have overlapping investments, overlapping shareholders and the same investment manager (ISIS). These companies have been two of the more successful Venture Capital Trusts ...

Conygar (CIC) AGM Report 2012

I attended the Annual General Meeting of Conygar in London on the 5th January 2012. The reason for attending was that ShareSoc issued a press release on the issue of remuneration at this company the day before which was entitled “A good example of what is wrong with remuneration in public companies” – see www.sharesoc.org/ShareSoc_Press016_Conygar.pdf . It’s worth stating that I do not have a significant shareholding in this company, not generally being a fan of small property companies and certainly ...