Lord Lee

Takeover Guidance

Lord Lee of Trafford and Patron of ShareSoc has been invited to meet the new chief of the Takeover Panel, Ian Hart. This follows Lord Lee's actions earlier this year including a Parliamentary Question and a major article in the Times. Backed by ShareSoc, he lobbied for companies to let their owners (their shareholders) know as soon as possible about potential bids, even if they have to say “there can be no certainty that an offer will ultimately be made”. He ...

The Times, 15 Feb 2021, Investors left to fly blind on bid approaches

Lord Lee, Patron of ShareSoc was quoted extensively in this article in The Times about his concerns regarding disclosures surrounding takeovers. https://www.thetimes.co.uk/article/investors-left-to-fly-blind-on-bid-approaches-n6xlc2vv5 This was the second article in The Times about Lord Lee's concerns. https://www.thetimes.co.uk/article/takeover-panel-left-signature-aviation-shareholders-in-the-dark-m2752pd3w ShareSoc is fully aligned with Lord Lee and have issued a press release about this. https://www.sharesoc.org/sharesoc-news/press-release-116-requirements-of-public-companies-directors-regarding-takeover-approaches/

Daily Mail, 12 Feb 2021, Lord Lee locks horns with Takeover Panel

Lord Lee, Patron of ShareSoc is quoted extensively in this article in the Daily Mail about his concerns regarding disclosures surrounding takeovers. https://www.thisismoney.co.uk/money/markets/article-9254913/Lord-Lee-locks-horns-Takeover-Panel.html   ShareSoc are fully aligned with Lord Lee and have issued a press release about this. https://www.sharesoc.org/sharesoc-news/press-release-116-requirements-of-public-companies-directors-regarding-takeover-approaches/

Dividends – ShareSoc and UKSA send joint letter to FRC, FCA and BEIS

Many of our members are very concerned at the spate of recent dividend suspensions. Many members feel that private investors are much more concerned with the non payment of dividends than the problems at AGMs, about which we have blogged at length. Many members are somewhat surprised that ShareSoc have not pronounced on dividends, so it is timely to correct this. Not only are many private investors heavily dependent on dividends, so are many charities and pension funds. These points are very ...