The background is that ShareSoc was approached by the Bacanora Lithium Shareholder Action Group which is being run by Dee Patel who asked for ShareSoc’s assistance. We have helped them in explaining some key issues in how to run a campaign, how to obtain the shareholder register, problems with voting nominee shares, etc.
We also thought whether a takeover would be in the UK public interest issue. We drew this to the attention of ShareSoc Patron Lord Lee, who has now tabled ...
by Cliff Weight, Director ShareSoc.
The Gamestop upcoming AGM votes have highlighted the differences in the platforms. Some still do not allow you to buy US shares.
Notably Interactive and eToro will allow voting of Gamestop shares.
I was sent the information below by a journalist, which looks right, but I cannot guarantee it is so. These things often change. I understand that Hargreaves are looking at making voting easier and considering using Broadridge. That would definitely be a great step in the right direction.
Access to US ...
The Daily Mail quoted ShareSoc Director Cliff Weight in its 2 May Aviva article https://www.thisismoney.co.uk/money/markets/article-9535371/Aviva-faces-investor-revolt-preference-shares-scandal.html
Aviva faces an investor revolt this week after angering shareholders by deciding not to claw back fees from directors who oversaw a preference shares scandal.
The insurer was rocked in 2018 when it said it was considering buying back shares marketed as 'irredeemable' for less than they were trading at.
It reneged on the announcement days later, by which time the shares had tumbled.
It was forced to compensate investors. ...
It is good news that The Mail on Sunday MailOnline is supporting shareholders and shareholders rights.
I get quoted....
Cliff Weight, director of investor campaign group ShareSoc, says wealth platforms make it so difficult for customers to engage that they are 'disenfranchising individual shareholders'.
He says: 'Most platforms don't even pass on information and if you want to vote the method offered is practically prehistoric. As a result they're throwing away millions of shareholder votes.'
Weight believes platform Interactive Investor is better than most. Eight per cent ...
The Law Commission has published a “scoping paper” on Intermediated Securities (See Reference 1 below). This might sound a pretty dry technical subject but the subtitle of the report asks the important question – it covers “Who Owns Your Shares?”
I have written about the problem of the growth in the use of nominee accounts as on-line platforms have replaced share certificates many times in the past. ShareSoc has a web page with voluminous information on this subject including reports written by ...
Shareholders are excluded from this GM and there is no pre-meeting webinar to discuss these highly contentious proposals to wind up the VCT and distribute any monies raised (less administration fees, including payments to the failing fund manager and some directors).
Several members of the ShareSoc VCT Investor Group (including Tim Grattan, Mark Lauber, Roger Lawson and myself) met on 10 Nov to discuss Chrysalis' plans. Our conclusion was that shareholders should vote against these proposals for the following reasons:
Chrysalis is ...
I “attended” the Avast (AVST) Annual General Meeting today. This was of course held on-line using Zoom with only one director in physical attendance (Warren Finegold) who chaired the meeting. Zoom seems to be becoming the de facto standard for on-line meetings.
The Chairman of the company, John Schwarz, gave a brief presentation backed up by some slides. To summarise, it was another strong year of growth and profitability. A new CEO is now in place. EBITDA was up 8% with strong ...
In respect of Interactive Investor the settings for getting the voting and information service are as below: The first step is to go into your account settings, the rightmost...
Please sign the petition, asking issuers to include retail investors when issuing shares, if you have not already done so. See
The petition already has over 1,000 signatures.
Mark Northway, Chairman, ShareSoc
Lord Lee of Trafford DL FCA House of Lords
Adam McConkey, Chairman, Quoted Companies Alliance
Sarah Wilson, CEO, Minerva Analytics Ltd
Andy Bell, Founder & CEO AJ Bell
Peter Hargreaves, Founder Hargreaves Lansdown
Paul Killik, Senior Executive Officer, Killik & Co
Gavin Oldham OBE, Chairman Share plc/The Share Centre
There are continuing sign of progress on shareholder rights. The Law Commission Review is progressing and we have received the following letter from the Government. Corporate Responsibility Minister Kelly...