AGM Financial News
29.01 / 10:51
companies
Investment trusts
AGM
continuation vote
EGM
performance fee
Chrysalis faces shareholders with continuation and fee votes set for March
If the vote passes at this AGM, the directors will put further continuation votes to the shareholders every three years, as set out by the firm’s IPO.
16.01 / 08:47
companies
AGM
Ninety One
annual general meeting
Ninety One addresses shareholder dissidents from AGM
Overall, 20.4% of shareholders voted against it and at the time, the board said it would 'continue its ongoing dialogue with shareholders and consult as appropriate to fully understand any concerns in relation to this resolution'.
11.12 / 09:33
companies
AGM
Hargreaves Lansdown consults on nine resolutions following AGM dissent
Shareholders expressed discontent but ultimately passed the investment platform’s performance share plan, as 74.5% voted for the proposal, with 25.5% voting against.
07.12 / 12:45
Asia
Investment trusts
AIC
AGM
Vietnam Opportunity fund survives attempt to discontinue trust
The trust said that its second largest shareholder, which holds 11% of the total issued share capital, cast 23% of votes at the AGM and voted in favour of the discontinuation of the trust.
29.11 / 09:38
People moves
AGM
Hargreaves Lansdown chair to step down at AGM
Deanna Oppenheimer (pictured), steps down after six years leading the company, during which she has faced an increasing amount of pushback from shareholders over her leadership of the DIY-investment platform.
23.11 / 15:38
kpmg
Investment trusts
AGM
Saba Capital
Crystal Amber AGM resolutions pass despite strong dissent
KMPG has been Crystal Amber’s auditor since its listing in 2008, which could trigger independence concerns.
15.11 / 08:33
companies
AGM
SJP
shareholders
St James's Place
executive pay
SJP tackles shareholder dissent over executive pay
According to the full AGM results, this was the only issue to not receive at least 90.9% of votes in favour.
08.11 / 08:35
Investment trusts
AGM
continuation vote
tender offer
European Opportunities
Saba Capital
European Opportunities trust rejects shareholder call for 50% tender offer
The offer is conditional on the passing of the trust’s continuation vote at its annual general meeting on 15 November, and will be paid out by 31 January 2024, at the latest.
03.11 / 14:45
companies
Abrdn
AGM
abrdn seeks to reassure shareholders after AGM pushback
Five resolutions received less than 80% of votes cast in their favour.
26.10 / 14:01
Investment trusts
AGM
Andrew Sutch
Hipgnosis
Two Hipgnosis directors resign ahead of AGM
The two directors had been targeted by activist investor Metage Capital, which last week published an open letter calling for a 'clean break' in the trust through the departure of senior leadership.
20.10 / 12:59
Investment trusts
AGM
strategic review
Board Of Directors
Hipgnosis Songs
Andrew Sutch
Time
'Time for a clean break': Hipgnosis shareholder calls for removal of three board directors
Metage Capital's CIO said a strategic review does not solve Hipgnosis Song's underlying problems.
22.09 / 12:17
Investment trusts
AIC
AGM
continuation vote
European Opportunities
European Opportunities trust lowers management fees as continuation vote looms
According to data from the Association of Investment Companies, EOT is currently trading at a 9.97% discount.
18.09 / 07:57
Investment trusts
AGM
continuation vote
Gravis
Backed
end
Gravis trusts GCP Infra and GCP Asset Backed Income end merger talks
GABI and GCP Infra had also been having discussions with the RM Infrastructure trust over a potential combination of assets, but talks were scrapped at the start of September.
15.09 / 11:45
Investment trusts
AGM
ThomasLloyd Energy Impact
Sue Inglis
Investment manager
ThomasLloyd Energy impact to appoint new investment manager
'These changes to the company's investment management arrangements will expedite the completion of the 2022 accounts and 2023 interim accounts and lifting of the suspension of trading in the company's shares.'
24.07 / 13:53
AGM
interactive investor calls for UK firms to improve shareholder communications
According to ii, even more retail investors would engage with their shareholdings if their shareholder communications were written “in plain English”.
17.07 / 15:27
Sky News
Business roles
AGM
reports
Hargreaves Lansdown chair expected to resign following pressure from founder - reports
In October, Oppenheimer was re-elected with 66.5% of the vote at the firm's annual general meeting, after Hargreaves publicly called on her to step down.
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