Treasury

REX/Retail Book – Retail access to share offerings

  Shareholder Rights are central to ShareSoc’s campaigning activities. Defending pre-emptive rights and the rights of minority shareholders, and ensuring access for individuals to placings on fair terms are areas where we lobby, represent and campaign for the benefit of ShareSoc members and individual investors as a whole.   Primary Bid, in collaboration with the London Stock Exchange, has made huge strides in making IPOs and fund raises more available to retail shareholders. The Treasury is finally putting various initiatives in place following the ...

Letter to the Treasury Committee re FCA’s Woodford Enquiry

The Financial Conduct Authority gave scant detail on progress regarding Woodford, in a letter to the Treasury Committee dated 14th December 2022 (published 11th January 2023), responding to questions posed during the hearing and updates to the Committee on progress in certain areas.    ShareSoc considers the FCA letter to be insufficient. We have written to the Committee saying “we respectfully request that the Committee consider asking members of the FCA to appear before the Committee in person so that the progress of ...

FT publishes Audit Reform Letter signed by ShareSoc and UKSA

The FT has published our letter about "Letter: Investors are let down by the decision to dilute boardroom rules" see https://www.ft.com/content/ff6af1c7-6cb9-4fd8-9be0-43c11bcf89bb The letter we wrote was as follows: Sir Many investors will be disappointed to read the article headed “Backlash spurs dilution of audit reform” (Report, November 9). The reforms are supposed to restore trust in governance and audit. Sir John Kingman’s review emphasised that the best way to do this was to focus on “the interests of consumers of financial information, not producers”. ...

Do Spivvy PE Funds IPO Their Investments at Inflated Prices? – and HM Treasury Consultation UK Listings Review

The AA 86% share price decline, coming on top of the Saga and Aston Martin makes me wonder if PE firms and others are exploiting those retail investors willing to buy into a fashionable story. I have to admit to losing money on Saga, whose share price is down 90% from its 2016 high. My mother-in-law was a huge fan of Saga and she gave me a present of Saga membership when I was 50, so when they were floated, I and ...