Shareholder Rights are central to ShareSoc’s campaigning activities. Defending pre-emptive rights and the rights of minority shareholders, and ensuring access for individuals to placings on fair terms are areas where we lobby, represent and campaign for the benefit of ShareSoc members and individual investors as a whole.
Primary Bid, in collaboration with the London Stock Exchange, has made huge strides in making IPOs and fund raises more available to retail shareholders. The Treasury is finally putting various initiatives in place following the Hill and Austin reports.
The recent announcement from REX looks like more good news for individual investors.
REX is currently owned and operated by Peel Hunt. Peel Hunt is actively engaged in establishing REX as a standalone, independent business to be known as RetailBook. RetailBook is expected to launch in H2 2023.
Hargreaves Lansdown has agreed to partner with and use the REX platform on an exclusive basis for follow-on share offerings by UK listed companies until the end of June 2023.
Jefferies, Numis and Rothschild & Co have each agreed to collaborate with REX/RetailBook with a view to increasing the adoption of the technology in transactions managed or advised on by these key institutions.
Under the collaboration agreements, it is envisaged that the partners will collaborate with and have the right to take up an equity stake in RetailBook alongside Peel Hunt.
See the full press release at:
This is a ShareSoc News Item written by Director Cliff Weight
does this facility only apply to shareholders of the brokers adopting the platform