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Press release 116 - Requirements of public companies’ directors regarding takeover approaches
Joint Press Release from ShareSoc & UKSA on behalf of individual investors
ShareSoc and UKSA recommend The Takeover Panel:
Review their current rules, which disadvantage individual shareholders and all those who are not privy to a potential bid.
Sets out a clear and orderly framework for takeovers, including measures to ensure fairness to shareholders and other stakeholders.
Consider issuing Panel guidance for assessing when talks ...
Review of 2020
I wrote a review of my share portfolio (only an ISA) at the end of 2019 which ended the year 25% up which I was pleased about being a relative newcomer to investing.
Surprisingly 2020 was an even better year albeit a bit of a roller coaster – my ISA was up 80%, if I include profits I made in my spread betting account, which I transferred into my ISA. I have been inspired by ISA Millionaires Leon Boris and ...
On 7th December 2020 the FCA published draft guidance for Insolvency Practitioners (IPs) on how to approach regulated firms and launched a consultation on that proposed guidance.
This is of particular interest to individual investors because it guides the actions of IPs involved in Special Administrations, which occur when a broker fails.
ShareSoc has been concerned about the Special Administration Regime (SAR) since we got involved with the Beaufort case. Clients with substantial portfolios were threatened with significant "haircuts" to their holdings, to ...
Press release 115 - ShareSoc Sends Open Letter to Aviva
concerned about the remuneration review which was announced after the FCA censured Aviva, and
is urging Aviva
to claw back bonuses paid in 2018 and
ensure cultural change at Aviva occurs.
ShareSoc has warned Aviva in an Open Letter (see copy here) that a trivial remuneration adjustment would not be acceptable.
Cliff Weight, ShareSoc Director.
ShareSoc, the UK Individual Shareholders Society
ShareSoc is the UK's largest retail shareholder organisation acting in all areas of ...
By Cliff Weight, ShareSoc Director.
I was asked to write an article on remuneration, which was my specialist subject before I retired. I thought ShareSoc readers might be interested in my musings which were published as the lead article in the specialist magazine Executive Compensation Briefing.
My article is attached below (free).
ecbjan21 pages 1-3
On 6 January 2021, the Treasury published the Short Selling (Notification Thresholds) Regulations 2021 No. 5 to amend the notification threshold under Article 5(2) of the Short Selling Regulation from 0.2% to 0.1% of the issued share capital of an issuer. This change will come into force on 1 February 2021.
This means that from 1 February 2021 the notification threshold for issued share capital of a company that has shares admitted to trading on a UK trading venue (UK Regulated Market and UK ...
Please find below the recording of ShareSoc's 2020 AGM.
Press release 114 - Joint Press Release from ShareSoc & UKSA on behalf of individual investors: HM Treasury’s Callfor Evidence re Review of UK Listing Rules
ShareSoc and UKSA recommend:
AIM should be regulated by the FCA, not the LSE.
Do not relax standards in the UK. We need to stop even more frauds, scams and scandals.
Remove €8m limit in placings; and open up placings to all.
The LSE has a poor track record on enforcement and is ...
I have not published a portfolio review for quite a while, as it's so time consuming to do. However, 2020 was an extraordinary year, so felt I really ought to see what went wrong, what went right and whether there were any lessons to learn.
Before diving into the details, I need to explain my circumstances and investment strategy. I have been a full-time investor since 2004, living off a fixed pool of capital. Therefore, capital preservation whilst generating sufficient return to ...