ShareSoc News

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 main considerations for shareholders in relation to the proposed takeover of Sirius. It is based on our current understanding and does not constitute investment advice. With only a few days left until shareholders will need to cast their votes on the Anglo American offer, it is worth reviewing the position dispassionately and objectively. The Anglo ...

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 ...

Sirius Minerals – Call with Anglo American

The ShareSoc Sirius Shrareholders 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 focused 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 ...

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 ...

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 ...

Sirius Update #3 30 Jan 2020

586 Sirius shareholders have now joined the ShareSoc Sirius Shareholder Group (SSSG) and more are joining at a rapid rate. Pressure is mounting from the Daily Mail, with our input, for Anglo to consider options that keep shareholders engaged https://www.thisismoney.co.uk/money/comment/article-7922163/ALEX-BRUMMER-Sirius-Minerals-backers-shares.html and I can now report two more major press stories in the Telegraph and Yorkshire Post: https://www.telegraph.co.uk/business/2020/01/27/fca-bearing-may-adios-amigo/ - It is the second article on this link and you need to register to see it. https://www.yorkshirepost.co.uk/business/sirius-shareholders-get-much-needed-investor-forum-ros-snowdon-1-10223498 We have had a terrific response from the Law Commission, ...

Sirius Update #2 28 Jan 2020

As of today, 28 Jan,  274 Sirius shareholders representing at least 150m shares have joined the ShareSoc Sirius Shareholder Group (SSSG) and more are joining at a rapid rate. These figures do not include a backlog of registrations still to process. The more members we have, the more people will have to listen to us. We are merging Paul Anscombe's data into ShareSoc's database thus ensuring that the data is held securely and confidentially. This work is currently underway. I would like ...

Sirius Update #1 24 Jan 2020

As of last night 235 Sirius shareholders have joined the ShareSoc Sirius Shareholder Group (SSSG) and more are joining at a rapid rate. Pressure is mounting from the Daily Mail, with our input, for Anglo to consider options that keep shareholders engaged https://www.thisismoney.co.uk/money/comment/article-7922163/ALEX-BRUMMER-Sirius-Minerals-backers-shares.html The SSSG committee have sent a letter the Sirius Board of Directors requesting a meeting and further information. To see the 5 page letter go to the ShareSoc Sirius Forum page https://www.sharesoc.org/forums/topic/letter-requesting-disclosure/ – sorry, but you will have to be ...

ShareSoc Sirius Shareholder Group (SSSG)

by Cliff Weight, ShareSoc Director for Policy and Campaigns ShareSoc has agreed to help individual shareholders in Sirius Minerals. We are seeking shareholders to collectively work together to get the best outcome for all shareholders. ShareSoc have launched the ShareSoc Sirius Shareholder Group to provide whatever support we can. This group is being run by Yashmin Ismail, Chris Spencer Phillips, Paul de Gruchy, Cliff Weight, Mark Jones and Ian Martignetti. We are not opining at this stage on the merits of the proposed Anglo ...

RBS Shareholder Committee Campaign – Update 17

ShareSoc and UKSA have now paused this campaign, because RBS are now engaging better with shareholders and have announced a programme of 4 events a year specifically focussed on engagement with individual shareholders. See https://investors.rbs.com/shareholder-centre/shareholder-events.aspx, where you can also access a recording of RBS' successful virtual event on 25 Nov 2019. This has been a successful campaign. Notable achievements: We were able to successfully requisition 3 resolutions at two AGMs. Although we did not get shareholders to vote in favour of a ...