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ShareSoc in the News

This page lists references to ShareSoc in the press and broadcast media.

MoneyWeek 20 Feb 2020, Do you own shares in Sirius Minerals? Here’s what you need to do now

Post Date: February 20, 2020
ShareSoc member Michael Taylor looks at the situation and the options for shareholders. See https://moneyweek.com/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover Paul de Gruchy, a director of ShareSoc (the lobby group for individual investors), which has been approached for help by hundreds of investors in Sirius, said that “while ShareSoc cannot recommend whether investors should accept the offer or not, we can help them to get the information they need to make an informed decision and to hold the board to account, in particular in understanding what alternatives ...
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Mail on Sunday, 16 Feb 2020, Probe into Sirius Share Push

Post Date: February 16, 2020
Small investors in Sirius Minerals are compiling a dossier to hand to the City watchdog over fears they were misled when they bought shares in the troubled miner... https://www.thisismoney.co.uk/money/news/article-8007413/Probe-Sirius-share-push-lured-85-000-Investors-slam-derisory-Anglo-American-offer.html ...The pressure group ShareSoc has taken up the case on behalf of 1,000 Sirius investors and last week launched an investigation into how they were persuaded to invest... ...Chris Spencer-Phillips of ShareSoc said: 'If the investigation shows hard evidence the stock was oversold, we'll ask the Financial Conduct Authority to investigate. We're seeking to establish ...
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Daily Mail, 9 Feb 2020, Sirius Minerals stand-off with investors

Post Date: February 9, 2020
The Daily Mail reports that "crunch talks have been held with small shareholders": https://www.thisismoney.co.uk/money/markets/article-7984611/Sirius-Minerals-bosses-hold-crunch-talks-shareholders-seek-backing-405m-takeover.html ...Sirius chief executive Chris Fraser and chairman Russell Scrimshaw met with ShareSoc, which is representing hundreds of individual investors, in a bid to drum up support for the deal last week... ...according to ShareSoc, Fraser and Russell dashed these hopes during the 'frank' talks. ShareSoc said: 'The board has not closed down discussions on alternative solutions and will continue to review all viable alternatives to the Anglo bid until the ...
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Teesside Gazette, 5 Feb 2020, Sirius top shareholder urges mining firm to ‘pursue other options’

Post Date: February 5, 2020
TeessideLive reports that Jupiter Asset Management is seeking an alternative to current proposals. https://www.gazettelive.co.uk/news/teesside-news/sirius-minerals-top-shareholder-urges-17687829 ShareSoc Director and ShareSoc Sirius Shareholder Group (SSSG) Co-ordinator, Chris Spencer-Phillips is quoted extensively: In a letter to Sharesoc, a not-for-profit organisation representing shareholders' interests, Sirius said there was a "very real risk" that the funding package would not be secured by the end of March 2020. It had therefore concluded there was "not likely to be an alternative to the Anglo offer" other than liquidation. Chris Spencer-Phillips, from ShareSoc, was speaking ...
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Investors Chronicle, 30 Jan 2020, Why shareholders votes matter – Sirius Minerals

Post Date: January 30, 2020
Cliff Weight, director at campaign group ShareSoc, highlights that this is currently a frustration for Sirius Minerals (SXX), which is unable to directly contact investors held in nominee accounts regarding the takeover bid from Anglo American (AAL). See https://www.investorschronicle.co.uk/managing-your-money/2020/01/30/why-shareholders-votes-matter/ which is a fairly comprehensive review of the issues. “Individual shareholders can greatly assist in corporate governance, effective company engagement and holding directors to account,” says Mr Weight. Mr Weight says that private investors also tend to be “better than so-called professionals” at ...
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Yorkshire Post, 27 Jan 2020, Sirius Shareholders Get Much Needed Forum

Post Date: January 27, 2020
Ros Snowdon reports on the ShareSoc Sirius Shareholder Group: https://www.yorkshirepost.co.uk/business/sirius-shareholders-get-much-needed-investor-forum-ros-snowdon-1-10223498
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Investors Chronicle, 20 Jan 2020, Sirius to be acquired by Anglo

Post Date: January 20, 2020
https://www.investorschronicle.co.uk/shares/2020/01/20/anglo-to-snap-up-sirius-for-405m/ ShareSoc director Paul de Gruchy quoted saying “some shareholders had lost money they could not afford to lose” and “ShareSoc would look at whether shareholders were misled by Sirius marketing materials”.
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The Times, 30 Nov 2019, How Fund Bosses Use Your Votes

Post Date: November 30, 2019
ShareSoc member and former chairman Roger Lawson says: “The nominee system needs a total rewrite to reflect modern reality and restore shareholder democracy.” See https://www.thetimes.co.uk/article/fund-bosses-come-clean-on-how-you-use-our-votes-vb609kqhh
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Reuters, 28 Nov 2019, Barclays Cuts CEO Pension Perks

Post Date: November 28, 2019
Peter Parry comments on CEO pension payments: https://www.euronews.com/2019/11/28/barclays-joins-rivals-with-cuts-to-ceo-pension-perks
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FT, 16 Nov 2019, Labour’s BT plans leave investors nervous

Post Date: November 16, 2019
Our chairman is quoted by the FT, responding to Labour's broadband policy announcement. “The [Labour party] policy is fundamentally flawed,” Mr Northway said. “It will make the UK a no-go area for capital.” https://www.ft.com/content/90b1fdb2-0797-11ea-9afa-d9e2401fa7ca    
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Daily Mail, 15 Nov 2019, G4S should be ejected from FTSE 4 GOOD index

Post Date: November 15, 2019
Cliff Weight, director at non-profit investor group Sharesoc, said: 'These are unbelievably serious allegations. It is clearly time for them [G4S] to come out of the FTSE 4 Good index.' See https://www.thisismoney.co.uk/money/markets/article-7686711/G4S-blacklisted-Norway-human-rights-concerns.html  
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Financial Times, 25 October 2019, Join the Club!

Post Date: October 25, 2019
ShareSoc director, David Stredder discusses Share Clubs: https://www.ft.com/content/b80aa8fa-ee65-11e9-a55a-30afa498db1b ShareSoc is keen to support share clubs.
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