AGM Report

Intercede Group (IGP) AGM Report 2012

AGM Date: September 26, 2012

Report Author: Roger Lawson

There were about 10 shareholders turned up today (26/9/2012) for the Intercede AGM at the company’s offices in Lutterworth, rather fewer than last year from what I recall. As readers may know, ShareSoc ran a campaign against the terms of an LTIP introduced in 2011 and on other aspects of this company (see www.sharesoc.org/campaigns2.html for details). The LTIP was revised recently and we welcomed the change in a press release. But there are still many concerns about the corporate governance in this company as you will see from the following report. The Executive Chairman, Richard Parris, opened the meeting by declaring that all resolutions would be taken on a poll (as opposed to the usual “show of hands” vote). This meant, as he made clear, that the results

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