Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Shareholders should review the situation, reach their own conclusion and vote accordingly.
Voting Process
Shareholders will vote at two separate meetings on 3rd March, the Court Meeting (held with the permission of the Court as part of the process of obtaining the sanction of the High Court) and then the General Meeting.
The vote at the Court Meeting (blue proxy form) is a simple FOR or AGAINST. Approval requires a FOR vote by at least 50% of voting shareholders representing at least 75% of the votes by share value.
Voting at the General Meeting (white proxy form) will consider two Special Resolutions, the first of which is the critical resolution giving effect to the Scheme. Shareholders can vote FOR, AGAINST or VOTE WITHELD. Approval requires a FOR vote by at least 75% of the votes cast.
Registered shareholders are entitled to attend and vote at the Meetings or to appoint a proxy to exercise their rights. A proxy need not be a Sirius Shareholder.
Completion and return of a Form of Proxy, or the appointment of a proxy electronically using CREST will not prevent shareholders from attending, speaking and voting in person at either the Court Meeting or the General Meeting if entitled to do so.
The Scheme Document advises those investors who hold shares as a bene?cial holder through a nominee, in order to ensure that they can attend and vote (in person or by proxy) at the Court Meeting and the General Meeting, to contact their nominee and ask to be entered on the Sirius register of members. Note: this will work for general investment accounts, but not for ISAs or SIPPs.
As an alternative, Sirius has confirmed that shareholders who obtain an properly prepared Letter of Representation from their nominees covering both meetings will be able to attend, speak and vote the value of their shares in both meetings BUT will not be counted as shareholders for the purpose of meeting the 50% of shareholders test at the Court Meeting. This glaring discrimination exposes one of the most fundamental flaws in the UK’s nominee system as currently operated.
ffc - I've already voted "no" through my broker, but I've also asked them to send me the documentation to enable me to attend and vote in person.
Pianista
This has been a long running saga here so with respect I can only tell you the facts as I see them
Two vote on the day as follows
Vote 1) is one vote per holder or platform with a majority over 50% needed
Vote 2) number of shares counted with over 75% yes votes needed for the takeover to be passed
ffc
ffc - I've been in touch with them several times....
From MailOnline, 24/2/20:
"Small investors could be blocked from voting on Anglo American's £405m takeover offer for Sirius Minerals
Sirius has said it is important that 'as many votes as possible are cast' so that the ballot is 'a fair representation' of investors' opinion. But many backers hold their shares in nominee accounts through brokers, rather than owning them outright.
….platforms such as Hargreaves Lansdown will only count as a single shareholder when the votes are counted, even though they look after the stakes of many people via nominee accounts".
Well Barclays are wrong Pianista and you should get back in touch with them to clarify if that's your broker !!!
If you hold here and it matters to you I think you should .
ffc - not according to Barclays! They say the number of shares held is not taken into account.
That is not correct pianista
there are two votes and in one of the votes every single share you hold matters !!!!
If you vote via your broker, and you hold, say, a million shares, your vote is counted as just one vote, not a million votes!
This means that the "85,000 PIs" will have negligible effect on the result - assuming IIs with their zillions of shares are not similarly affected.
Surely this would invalidate the voting?