ShareSoc News

ShareSoc Website Upgrade

Introduction ShareSoc is delighted to announce a major upgrade to its website, providing a host of new features for our members and visitors to our site. These new features supersede our previous Ning-based members' network and bring all our content together in one place. We have also taken the opportunity to introduce some powerful new features, not previously available on our members' network. For a period of one year from release of the new version of our website, we will retain the old ...
Post Date: April 1, 2020 Read more

Major Website Upgrade to be Launched Shortly

I am delighted to announce that after many months of work, we are nearly ready to launch a major upgrade of our website. This upgrade will integrate the features of our members' network into our main website. Watch this space for details! To facilitate this launch, we will need to freeze certain aspects of the current website, for a brief period. This will begin at 9am on Monday 30th March. From then onwards, no new blog or news posts will appear and any ...
Post Date: March 26, 2020 Read more

Sirius Update #9, 14 March 2020

The general disappointment and in many cases anger due to the crystallisation of losses for many investors remains. We reiterate the overall unfairness of the deal, but in the end, this was the only deal on the table. So, what next? The Court Hearing on 13th March approved the scheme and it will become effective on 16th March. After this comes the question of legal redress. Here, the process changes gear: time is no longer of the essence, and it is important to ...
Post Date: March 15, 2020 Read more

Sirius Update #8, 6 March 2020

The Anglo offer to acquire Sirius has been approved by shareholders. There is general disappointment due to the crystalisation of losses for many investors but, as the Chairman said at the meeting, this was the only deal on the table. 57% of shares were not voted. Georgeson, voting advisers to Anglo, are experts: they knew this would occur and Anglo could win the vote with their miserly 5.5p offer. In my opinion, Anglo would have had to offer more if the nominee system had ...
Post Date: March 6, 2020 Read more

Sirius Update #7, 24 Feb 2020

The GM and Court Meeting on 3 March are rushing towards us. If you hold your shares via nominee (i.e. by a platform or broker) you will need to give them your voting instructions very soon. It will depend on which platform/ broker you are with and what their specific terms and conditions say, but most likely their deadline will be 11.00am on Wed 26 Feb. If you want to go to the 3 March meetings, you will need a letter of ...
Post Date: February 25, 2020 Read more

Sirius Minerals Voting Considerations

This document can be downloaded at: Sirius Voting Considerations 20200220 It is issued by ShareSoc and by the ShareSoc Sirius Shareholders Group (SSSG) to set out some of the...
Post Date: February 22, 2020 Read more

Sirius Update #6, 15 Feb 2019

CLARIFICATION It has been brought to our attention by Sirius that our original MP Template Letter contained certain inaccuracies. At the time of drafting the template, we had received the impression that Sirius had been negotiating the takeover with Anglo American for a year and a half, including the period covering the 15p open offer and placing. The company confirms, and we accept, that this was not the case. We would also like to clarify that our reference to a protracted marketing campaign by ...
Post Date: February 16, 2020 Read more

Sirius Minerals – Call with Anglo American

The ShareSoc Sirius Support Group (SSSG) held a call with Anglo America last Wednesday, 12th February. The purpose of the call was to facilitate contact between the representative shareholders and the company, allowing the shareholder view to be expressed. The discussion focussed on two areas of shareholder concern: firstly price and secondly the desire for continued economic involvement. As regards price, we underlined the difference between the offer price and the intrinsic value of the mine with financing in place. Anglo's involvement transforms the ...
Post Date: February 16, 2020 Read more

Sirius Update #5, 9 Feb 2020

CLARIFICATION It has been brought to our attention by Sirius that our original MP Template Letter contained certain inaccuracies. At the time of drafting the template, we had received the impression that Sirius had been negotiating the takeover with Anglo American for a year and a half, including the period covering the 15p open offer and placing. The company confirms, and we accept, that this was not the case. We would also like to clarify that our reference to a protracted marketing campaign by ...
Post Date: February 10, 2020 Read more

Sirius Update #4  5 Feb 2020

Over 700 Sirius shareholders have now joined the ShareSoc Sirius Shareholder Group (SSSG) and more are joining at a rapid rate. Please join ShareSoc and SSSG. The more members of SSSG we have, the more influential we will be. We have successfully lobbied Sirius and they agreed to meet. We have sent them a 5 page letter and they sent a detailed response. The Sirius meeting was with CEO Chris Fraser, Chairman Russell Schrimshaw and others, and happened on 4 Feb. A note ...
Post Date: February 6, 2020 Read more