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LSE General Meeting and Blancco AGM

I attended two company general meetings on the 19th December (I hold a trivial number of shares in each). Here’s a brief report on events, with the later one...

Investment Association Naughty Register

I heard Chris Cummings(CC) CEO of the Investment Association on the BBC Radio 4 this morning launching their new naughty register. https://www.theinvestmentassociation.org/publicregister.html The interview went something like this: BBC Interviewer: "Would you have done it if the Government has not led this initiative?" CC did not say YES. CC said: "This was an industry led initiative." BBC: "Yes, but would you have done it if the Government has not pushed it?" CC again declined to say YES. I surmise IA was led kicking and screaming into this by the ...

ADVFN AGM – How to Disenfranchise Shareholders, and OFCOM Interest

I was surprised yesterday to pick up an RNS Announcement from ADVFN Plc (AFN) stating that the company’s Annual General Meeting had taken place on that day and all resolutions were duly passed. I was surprised because as a shareholder in the company (and on the register), I had received no notification of the AGM and no proxy voting form either of course. In addition there is no notice of the AGM given in any RNS announcement, and there is no information ...

Persimmon Directors, IDOX Profit Warning and Transplants

This morning house building company Persimmon announced that Chairman Nicholas Wrigley and Non-Exec Director Jonathan Davie were departing. The company says that both of them recognise that the 2012 LTIP “could have included a cap” and “in recognition of this omission” they have tendered their resignations. Holders of Persimmon shares like me, or indeed anyone who has followed the debate on excessive executive pay, will be aware of the outrageous pay that has resulted at this and other companies because of the ...

RBS Campaign Update 9 – Progress as at 13/12/2017

If you have not yet joined the campaign you can still do so, please click here to download the forms https://www.sharesoc.org/rbs-agm-2018-requisitions/ . EMAIL 1 sent out on 24 Nov 2017 and 80 new campaign members recruited. Resolution and Request for discussion finalised. Click here to see them. EMAIL 2 sent out on 9 Dec 2017 to all campaign members asking them to sign the forms and return them to us. 30 received so far. We need at least 100 ...