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.

If you are already a full member and are still having any difficulty accessing our reports, please contact the ShareSoc Office.


THE BP (BP.) AGM Report 2013

BP’s AGM is both the first and one of the biggest of the season, and took place at the ExCel Centre on Thursday 11th April. The large hall was well filled. The meeting started on time at 11:30 am and finished at 2:25 pm. The initial comments from the chairman Carl-Henric Svanberg and the CEO Bob Dudley were positive in explaining the recovery so far after the spill in the Gulf of Mexico, and the writer agrees that the recovery in the ...

Baronsmead VCT 3 and VCT 5 (BMD) AGM Reports 2013 – Director re-election issues arose

Investment manager ISIS look after a number of investment trust VCT funds under the Baronsmead brand - 5 in total that have raised funds at different times in the past. They tend to have overlapping portfolios (i.e. common stock holdings in different companies, and in some cases common directors although that is not ideal as it prejudices their independence). Baronsmead 5’s portfolio is slightly different though in that originally it was an “AIM” VCT (i.e. invested primarily in AIM listed companies), ...

AMEC (AMFW) AGM Report 2013

I attended AMEC’s at AGM on Thursday 4th April, at 10:30am, at the offices of Deutsche Bank on London Wall. For a FTSE100 company, attendance was quite low, with around 30 shareholders being present. I learnt afterwards from the CEO (Samir Brikho, SB) that he was pleased to see an improved attendance from last year and that he welcomed the questions that were asked (I bought my shares this year, so this was the first AMEC AGM I had attended). All directors were present. The meeting was divided ...

Lo-Q (ACSO) AGM Report 2013

You probably recall the story of the football reporter who was too lazy to attend a match, but still managed to write up the game for his newspaper. Well here’s a report on an Annual General Meeting which I likewise did not attend, not for want of trying. Due to traffic chaos from closure of the M25, I and David Stredder actually arrived about 15 minutes late for the Lo-Q AGM on the 2nd April. By that time the event was over. ...

Corero (CNS) EGM Report 2013 – poor turnout on a critical vote

Corero Network Services (CNS) held an EGM today to approve a fund raising. This was previously covered in the ShareSoc blogs and I will repeat some of what was said then to give you some background on this company. Corero has two major divisions – the Network Security division which sells products to thwart Digital Denial of Service (DDOS) attacks, and the Business Systems division which primarily markets finance and management application software to education establishments. The latter is long established, profitable ...

Chrysalis VCT (CYS) AGM Report 2013 – “Raiding the Till”

The Chrysalis VCT Annual General Meeting (AGM) was held this morning in London in Downing’s office to the rear of Buckingham Palace. There were in fact two meetings – the AGM itself at 10.00 am and a General Meeting to approve the SRRP at 10.30 - see below for explanation of that. Chrysalis has been one of the most successful VCTs in recent years in terms of asset performance after an initial shaky start. They then fired the fund manager and subsequently ...

Redstone (CTP) EGM Report March 2013

I attended Redstone’s EGM, held today at 10am in the City. Details of the matters under discussion can be found in this circular: http://www.redstone.com/assets/files/investors/160541%20Project%20Darius%20Circular%20(CLEAN). pdf This report is divided into the following sections: Meeting environment, purpose and shareholder impact Q&A Formal Business Further discussions with directors Valuation implications Meeting environment, purpose and shareholder impact Only one other shareholder besides me, other than the directors, was present. Of the directors, only the Chairman, Richard Ramsey, and Tony Weaver (CEO) were present. This was a little disappointing for such a fundamentally ...

Idox (IDOX) AGM Report 2012

I attended the Annual General Meeting on the 28th February of Idox Plc in London starting at 10am. On that morning Idox released an AGM statement from the Chairman Martin Brookes before the markets opened. This advised the company will continue to focus on its two software divisions to deliver “better visibility through larger, more diversified and better qualified prospect pipelines.” The statement also stated that in the Engineering Information Management software business there had been a quieter start in license sales compared ...

ARMOUR group (ONEV) AGM Report 2013

AGM summary Only two attendees. With over 2500 shareholders, most of whom have lost most of their money, a few more might have made the effort........ c45 minute open frank discussion with Board keen to engage, even with some quite blunt questions. No attempt to cut the meeting short as so often happens. Q: yr own brokers note says “the profit recovery is now being generated by internal actions”. You have cut almost a third of the workforce. Is there anything else to cut ...

Renew Holdings plc (RNWH) AGM Report 2014

The meeting, which was sparsely attended by shareholders, commenced promptly at 1100 hrs with a statement read by the company chairman Mr RJ Harrison OBE. Copies of this were passed to all attendees. “Trading for the first quarter of the year has been strong and well ahead of the comparative position last year. The Board expects this to continue through the second quarter of the financial year as a result of which the results for the year ending the 30 September 2014 ...