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Sprue Aegis (SPRP) Business Review

The directors of Sprue Aegis have agreed to answer ShareSoc Members questions on Wednesday the 27th April following the recent trading statement (profit warning) and after the results announcement on the previous day. This event will commence at 6.00 pm and last approximately one hour. It will be at the office of Tavistock Communications at: 131 Finsbury Pavement, London, EC2A 1NT. If you plan to attend please tell us by using the ShareSoc Contact page here: Contact - mention “Sprue Aegis ...

Anglo American and Pay

Following ShareSoc's recommendation to vote against the Remuneration Report at Anglo American, yesterday the company received 42% of shareholders votes AGAINST it. Other advisory bodies also recommended opposition and this is a significant snub to the board which they will have to do something about. The ShareSoc press release we issued is here: https://www.sharesoc.org/pr74angloamercian.html The Investment Association which represents institutional investors has published a report which suggests that pay in public companies is "not fit for purpose" and needs reform. This has ...

Lakehouse, Stock Spirits and Sprue Aegis

I commented on the affairs of Lakehouse and Stock Spirits in the last ShareSoc newsletter. Both companies had been attacked by unhappy shareholders who had submitted requisitions to change certain directors, a process that seems to be becoming more common of late. Both situations have now to been resolved to a great extent. At Lakehouse the Chairman Chris Geoghegan is departing forthwith, with the three new directors proposed by the requistioners being appointed to the board as non-executive directors including founder Steve ...

Vote Against Remuneration at RELX

ShareSoc is advising its Members to vote against the Remuneration Report resolution at the RELX Annual General Meeting on 21 April 2016. ShareSoc consider the pay of the CEO...

Persimmon AGM and Remuneration

On the same day as BP held its Annual General Meeting (AGM), and got snubbed by shareholders over its Remuneration Report, house building company Persimmon held its AGM in York. One might have expected that Persimmon would also have been attacked for its remuneration scheme, for the reasons explained below, but in reality it passed with only 9% of votes against. Indeed there was more opposition to the election of a new non-executive director, Nigel Mills, who only passed with 53% ...