Laggard ANEXO Directors say “We have done nothing wrong”

This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

Shareholder action group call for regulatory review 

Further to my previous Anexo blog, I write to highlight the Investors’ Chronicle’s most recent follow-up on Anexo from 11 September. 

 The key element in the article is Anexo’s on-the-record stance, which boils down to two lines: 

  • “We have done nothing wrong.”
  • “No regulator has raised concerns / criticised the process.”

 

Those two assertions go to the heart of why this warrants FT and wider media coverage. Ordinary investors (pensioners, ISA/SIPP holders, parents saving for their children) have suffered life-changing losses following a 40–50% price collapse triggered not by macro news but by the company’s own transaction structure. Yet management’s message is effectively nothing to see here, and the absence of visible regulatory action is being used as a shield.

This isn’t a valuation spat; it is a question of market integrity with clear public interest as to:

  • whether the UK’s rules meaningfully protect minority shareholders
  • whether regulatory silence can be cited as exoneration when outcomes look coercive to the investing public

 

I would be grateful if the FT and other media could give this the wider airing it merits and have written to them and to my MP to that effect. I await with interest if there is any follow up.

Please do send me an email if you support the actions of the Anexo shareholder group. 

 

Cliff Weight, member of ShareSoc and of ShareSoc’s Education and Policy & Campaigns Committees.  

DISCLOSURE: The author holds shares in Anexo  

 

Initial disclaimer for blog posts: This article reflects the opinions of its author and not necessarily those of ShareSoc. 

 

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.