RBS Campaign Update 10 – 161 forms submitted, press release issued and huge media coverage

Update 10 29/12/2017 – 161 forms submitted, press release issued and huge media coverage

Today I travelled to London to deliver the 161 signed forms to RBS. Yesterday, we issued a press release. Radio 4 reported on it in their Business Briefing at 6.25am. There were lots of press stories.

Cliff Weight Delivers Requisitions to RBS

We thought the press coverage today was balanced. We have worked well (together with RBS people) in avoiding the negative publicity that occurred earlier in the year. This is good progress in our more productive working relationship with RBS. I noted the following coverage in Reuters, FT, Indy, Telegraph, Times, Yahoo, Press Assocation and CityWire. There will also be a piece in Shares magazine which is very important to us (60,000 private investors subscribe to this) and in the Investors Chronicle. I was told a story is also on page 2 of the business news of the Scotsman but have not seen the article yet.

Small RBS investors renew push to set up shareholder committee
Reuters

RBS shareholders revive call to set up committee
Financial Times

RBS investors push for new shareholder committee to scrutinise governance issues
The Independent

Small RBS shareholders renew calls for governance overhaul
Telegraph.co.uk

RBS shareholders renew calls for greater influence
The Times

PRESS DIGEST- Financial Times – Dec 29 (RBS)
Yahoo Finance UK
…ShareSoc and the UK Shareholders’ Association (UKSA) have called on Royal Bank of Scotland Group Plc to submit a resolution at its annual meeting on setting up a new shareholder committee to “improve the corporate governance and shareholder …

Friday Papers: Global M&A exceeds $3tn for fourth straight year
Citywire.co.uk
The Times: An investor group, Sharesoc, which represents individual investors, is making a second attempt to force Royal Bank of Scotland to give its shareholders a bigger say over its governance. Financial Times: Canberra is poised to stymie a deal under which Huawei was to run a seabed cable more …

Press Association: https://www.pressandjournal.co.uk/business/uk-and-abroad/1383274/rbs-urged-to-open-door-for-shareholder-committee-to-boost-corporate-governance/

 

We now have to wait (probably to the end of January) to see if RBS will accept our resolution for a shareholder committee and the request for a discussion at the AGM. Last year they told us their Board decision on 30 January, after their January Board meeting.

Cliff Weight

Director, ShareSoc and RBS Shareholder Committee Campaign co-ordinator