The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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Sent 24/2/20:
Thank you for your email. There is no cost for the stock withdrawal that we are passing on to Sirius shareholders.
Please feel free to share this (the previous) response with others, however, it must be noted now that any stock withdrawals we process for shareholders are on a best endeavours basis, with the deadline to vote via Link registrars direct is Friday 28 February 2020.
Thank you for your message regarding Sirius Minerals and how you wish to vote on the upcoming Scheme of Arrangement. Your vote will count at both the court meeting and general meeting yes.
How does the voting work?
There are two criteria that need to be satisfied in order for the vote to be passed these are outlined below;
A vote per each share - All votes that are made through HL as well as other nominees will count towards this part of the vote and will depend on the number of shares you hold. This criteria will be satisfied if Shareholders who hold at least 75% of the Shares voted, vote in favour.
AND,
A vote per each shareholder - Please note that as your shares are held in a pooled nominee account in the name of Hargreaves Lansdown, your shareholder vote will be amalgamated with those of other Hargreaves Lansdown clients. Each Share you vote on will count towards the criteria described above; however the Registrar will treat Hargreaves Lansdown as one Shareholder for the purpose of the vote. This criteria will be satisfied if majority of shareholders vote in favour.
If you would like to also use the option to vote as an individual shareholder then this can be facilitated. Please be aware that once shares have been removed into certificated form the onus is on you, the client, to submit a vote with the registrar.
Please note that as this will now be out of Hargreaves Lansdown’s control, there is no guarantee that your vote will be submitted on time through Link Registrars, and we are also unclear as to how Link will collate these votes and whether you are able to do this via phone.
If you would still like to continue with the vote as an individual shareholder, you must complete the following steps:
- Have your shares withdrawn into certificated form, the shares will then be held in your name (You can withdraw a min. of 1 share which will still give you your shareholder voting right). Any instruction to do so can be processed by replying to this message with your wish to do so. The deadline for taking these instructions is noon on Friday 21st February 2020. Hargreaves Lansdown will then instruct CREST (the UK settlement system) to withdraw your share(s) into certificated form within 48 hours of your instruction.
- Once the stock withdrawal message has settled in CREST (The UK Settlement System), you will be classed as an individual shareholder and will then be able to submit your vote with Link Registrars by calling (0371 664 0300).
- If you continue to hold shares with us then we still require an instruction through us, which can be submitted through the usual online election facility by logging in to your account www.hl.co.uk before our deadline of noon on Wednesday 26 February 2020.
Attending the meeting:
If you still wish to attend the meeting we can appoint you as a proxy however you will still be attending on behalf of shares held in the name Hargreaves Lansdown Nominees Ltd and will not be cou