AGM Reports

AGM Reports

Our library contains reports on the Annual General Meetings of a large number of listed and quoted companies that our members have attended. This unique resource provides valuable insights for investors in those companies, not available anywhere else.

You will find summaries of our AGM reports on this page. You can also search for reports on a specific company, using our “Research” feature. Only full members of ShareSoc can view the full details of our AGM reports and need to login to do so. If you wish to gain access, click here to become a full member, for less than 90p/week and gain full access to our library of hundreds of AGM reports, as well as other member benefits.

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City of London Investment Group (CLIG) AGM 2021

Introduction and Background On Monday 18th October I attended the AGM of City of London Investment Group (CLIG - not to be confused with two other companies with similar names!) held at the rather plush Ned Hotel near the Bank of England. Ray Williams (previous SIGnet director) and I were the only non-director shareholders attending. Most of CLIG's executives, and new major shareholder George Karpus are US based, so I was pleasantly surprised that they'd all flown across for the AGM and, I ...

Charles Stanley Takeover  Meetings 

I attended, via the LumiAGM platform, the Court Meeting and General Meeting of Charles Stanley Group (CAY) to approve the takeover by Raymond James this morning. In other words, these were hybrid meetings with both physical attendees and web attendees. The meetings were reasonably well run but there were no questions from attendees and I guess it will go through as the offer price is more than 40% higher than the previous closing price for CAY shares. But we will have to ...

Polar Capital Technology Trust AGM 2021 and Board Apprentices

I attended the Polar Capital Technology Trust (PCT) Annual General Meeting via the Lumi AGM platform today. This was an exemplary example of how to run a “hybrid” AGM with 8 attendees on-line and 4 shareholders physically present. Questions came from both sources, voting was on-line and there were no technical hitches. The low attendance was probably because we are in the holiday season I would guess. But it proved a useful meeting anyway with a good presentation from fund manager Ben ...

TR Property Investment Trust (TRY) AGM Report 2021

My second physical AGM since the start of the pandemic was that of the TR Property Investment Trust (LSE:TRY), currently my #2 shareholding and one which I have held since 2003 (with a brief hiatus between May 2009 and December 2010). Since I re-entered in 2010, it has delivered an annualised total return of almost 20%, taking into account some trading based on discount arbitrage. The AGM was held at the usual venue of the RAC Club in Pall Mall. About 30 ...

NewRiver REIT AGM 2021

The NewRiver REIT AGM was the first AGM that I attended physically in person since the start of the pandemic in March 2020. Other than the board, some staff and advisers, I was the only external shareholder to attend in person, giving me the luxury of having the board all to myself. As is usually the case in such circumstances they were most gracious. I asked first about the current strategy. Why stick to retail assets, when there was an opportunity to ...

Boku AGM 2021

I also attended the Boku (BOKU) Annual General Meeting today. This was another Zoom event with about 10 attendees. The CEO gave a short presentation and the Chairman covered the issue that proxy advisor ISS had recommended voting against the remuneration resolution (there were some votes against). The ISS complaint was apparently that the LTIP was not solely performance based. The Chairman said they needed to match the more normal US remuneration structure, i.e. options based on length of service. Several questions ...

EKF Diagnostics AGM, Verici DX & Renalytics 2021

I attended the Annual General Meeting of EKF Diagnostics (EKF) today via Zoom. This was one of the better organised electronic format AGMs I have attended. To quote from the company’s web site: “EKF Diagnostics is a global medical manufacturer of point-of-care and central lab devices and chemistry reagents including hemoglobin tests, HbA1c tests, glucose and lactate tests. EKF also manufactures and distributes products associated with COVID-19 pandemic”.  The latter has enabled the company to generate very high revenue growth recently ...

British Smaller Companies VCT AGM 2020

I “attended” the British Smaller Companies VCT Annual General Meeting today via Zoom. This was yet another variant on the practice of virtual AGMs. But there were apparently about 30 people connected which is more than they normally get of shareholders at their AGMs. It was well managed with no significant technical problems, unlike others recently I have attended. Shareholders could vote for or against the resolutions on the day by using a Zoom Vote facility to give an instant poll result ...

Northern 2 VCT AGM 2020 – A Totally Undemocratic Affair

I attended the Northern 2 VCT Annual General Meeting yesterday via Zoom. This was a most disappointing event. There were three directors physically present and Tim Levett gave an overview of the company’s new investments and the top ten holdings. But when it came to the formal business they took a show of hands vote which is totally meaningless when only the directors were permitted to be present. They did show the proxy counts, so they may have won a poll vote anyway ...

Oxford Technology VCT AGMs 2020

The 2020 Oxford VCT AGMs were held via a Zoom video conference on Thursday 9th July. Links to all four Annual Reports (year ending Feb 2020) can be found on the Oxford Technology VT home page: https://www.oxfordtechnologyvct.com/ At this year’s AGM there were 30 (plus) attendees so the number of ordinary shareholders who logged in was probably around 25 (only slightly higher than the attendance last year). The meeting commenced at 14:00 with a brief welcome and some housekeeping rules from the ...