ShareSoc News

ShareSoc Gives Voting Recommendations for Rensburg AIM VCT Annual General Meeting

PRESS RELEASE 67 4/8/2015 ShareSoc has been running a campaign on Rensburg AIM VCT since 2011. Our initial concerns were the investment performance and policy, but more recently the Directors proposed to wind-up the company. ShareSoc opposed that on the grounds that many investors, some of whom originally would have claimed capital gains roll-over relief, would be disadvantaged by such a move. Although the position of investors is affected by their personal circumstances and tax position, it seemed possible to us to ...

SHARESOC INVESTOR MASTERCLASSES

An Entertaining & Educational Evening for Investors Our Investor Masterclasses are intended for investors with all levels of experience. A panel of expert investors discusses topics of general interest to our audience. Topics will be covered both at a basic level for the beginner, and also in depth for the more experienced investor. There will also be an opportunity for you to quiz the panel and share your own views. No matter what your level of expertise, we’re sure you’ll find something ...

Shareholder Action Group Launched for Alliance Trust

PRESS RELEASE 65 (12/5/2015) Following the Annual General Meeting of Alliance Trust where the Board conceded the appointment of new directors subsequent to the requisition by Elliott Advisors, ShareSoc has been encouraged by a number of private investors to support a shareholder action group to represent their interests. Many investors still have concerns about the strategy of the company and about some aspects of its operations. A shareholder action group has therefore been launched and investors can register their interest on this ...

ShareSoc Comments on the Proposals for Alliance Trust

PRESS RELEASE 64 (24/3/2015) ShareSoc makes the following comments on the requisition to appoint three new non-executive directors to the board of Alliance Trust by Elliott Advisors. We do this from the stance of an independent not-for-profit organisation whose objective is to represent the interests of private shareholders.  Many of our members have an interest in investment trusts which generally provide a low cost and diversified way of investing in the stock market. But the issues that have arisen at this Trust such ...

ShareSoc Launches Share Ownership Reform Proposals

PRESS RELEASE 63 (10/2/2015) ShareSoc has been campaigning for more rights for shareholders and we have now launched specific proposals on how we believe share trading should be reformed. In particular our proposals are aimed at tackling the loss of voting and other rights that currently arises from the use of stockbroker nominee accounts. Our suggestions include:  The development of a new low cost electronic trading facility as recommended by the Kay Review, and which is also required to meet the need in the ...

ShareSoc Deplores Excessive Pay for BG Group CEO

Sharesoc’s response to consultation on Tax-advantage Venture Capital Schemes

The following was a response made to HM Treasury’s consultation on Tax-advantaged Venture Capital Schemes (VCT, EIS and SEIS schemes): Venture Capital Schemes

Shareholder Rights campaign launch meeting on October 14

PRESS RELEASE 58 (02/09/2014) Guaranteed Rights for All Shareholders -Campaign launch meeting On October 14th ShareSoc is launching a campaign to give full rights to ALL shareholders. Shareholders Disenfranchised and Rights Undermined At present most private investors purchase shares in nominee accounts. With a very few exceptions this means that they have no automatic rights to vote, to attend General Meetings of companies or even receive information on the affairs of the company. The nominee system disenfranchises the vast majority of private shareholders. As a ...

New boards elected at Oxford Technology VCTs, after campaign by ShareSoc

PRESS RELEASE 59 New boards elected at Oxford Technology VCTs, after campaign by ShareSoc.  Today all four of the Oxford Technology VCTs held their Annual General Meetings. The meetings were well attended as Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) previously had their VCT status withdrawn by HMRC, although this has now been temporarily "set aside" while an appeal is processed. ShareSoc formed a "Shareholder Action Group" with a committee of interested shareholders to make representations on this matter and protect ...

ShareSoc welcomes announcement of changes at the Oxford Technology VCTs

PRESS RELEASE 57 (31/07/2014) The Oxford Technology VCT (OXT) and Oxford Technology 3 VCT (OTT) previously had their VCT status withdrawn by HMRC, although this has now been temporarily "set aside" pending an appeal. ShareSoc formed a "Shareholder Action Group" with a committee of interested shareholders to make representations on this matter and protect their interests. We also pushed for changes to the corporate governance of these VCTs including changes in the directors (see the note dated the 1st July on this web ...