VCT Investor Group

Trouble Brewing at Hargreave Hale AIM VCT?

The views expressed in this article are those of its author and not necessarily those of ShareSoc. I have been a shareholder in Hargreave Hale AIM VCT (HHV) for quite some time and have been happy with the tax free dividend stream they have sent me over the years. As usual, I recently received the AGM proxy form for the 3rd February AGM and was reviewing the annual report when something caught my attention. An investee company called Honest Brew (HB), which ...

Ventus and Ventus 2 VCT – UPDATE

ShareSoc led a campaign fronted by Nick Curtis at the August 2019 AGM to remove the directors and institute governance changes.  There had been concerns from shareholders around the length of director service, investment management fees, performance fee calculations and high management costs. Whilst the majority of the directors remained, Paul Thomas, the Temporis representative, was removed and given the high level of shareholder dissatisfaction (at nearly 50% of the vote) Nick Curtis was asked to go on the board of Ventus.  ...

ShareSoc Campaign has Successful Outcome at Albion

ShareSoc is pleased with the outcome of this consultation with shareholders following the shareholders 30% vote against the fee proposal at the General Meeting in August 2019. This shows:...

Albion Venture Capital (AAVC) Update 4, 14 Oct 2019

AAVC Chairman Richard Glover invited ShareSoc to a meeting to discuss our concerns as part of his process to engage with Shareholders, following the 30% vote against the new management agreement voted on at the EGM in August 2019 and the very extensive questioning at the AGM (see the AGM write up by Tim Grattan https://www.sharesoc.org/agm-reports/albion-venture-vct-aavc-agm-2019/  and my own report https://www.sharesoc.org/blog/vcts/albion-venture-capital-vct-aavc-agm-result-and-actions/ . AAVC is engaging with a broad range of shareholders and has written to about 50% of the larger shareholders who ...