The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Give all shareholders a voice by bringing Company Law into the 21st Century
Help more investors engage with UK plcs by modernising the Companies Act: Give beneficial shareholders the right to direct info on plcs they invest in & plcs the right to visibility of who their shareholders are, make email a requirement to shareholding registration, & recognise digital AGMs.
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Outdated legislation stops shareholder voices being heard. Almost half of individual shareholders can’t directly engage with the company they invest in, as they invest via platforms, the rest are constrained by a paper-based system. At the same time, companies are losing sight of who their investors are. Digital first reform will be better for shareholders, better for business and ultimately, better for Britain – making the UK a more attractive place to invest and to list.
Give all shareholders a voice by bringing Company Law into the 21st Century
Help more investors engage with UK plcs by modernising the Companies Act: Give beneficial shareholders the right to direct info on plcs they invest in & plcs the right to visibility of who their shareholders are, make email a requirement to shareholding registration, & recognise digital AGMs.
More details
Outdated legislation stops shareholder voices being heard. Almost half of individual shareholders can’t directly engage with the company they invest in, as they invest via platforms, the rest are constrained by a paper-based system. At the same time, companies are losing sight of who their investors are. Digital first reform will be better for shareholders, better for business and ultimately, better for Britain – making the UK a more attractive place to invest and to list.
Disclosure of Long Equity Derivative Position in Tamboran Resources Limited
We refer to Guidance Note 20 (Equity Derivatives) issued by the Australian Takeovers Panel (Guidance Note 20).
Encompass Capital Advisors LLC who acts as the investment manager for the funds listed below (Encompass Funds) and sub-advisor for certain managed accounts (Managed Accounts), discloses the below information on behalf of the Encompass Funds and Managed Accounts, as at the date of this letter, in accordance with Guidance Note 20.
As detailed below, the Encompass Funds and Managed Accounts have acquired an economic interest in 114,962,537 fully paid ordinary shares in Tamboran Resources Limited ACN 135 299 062 (TBN) (corresponding to approximately 8.12% of the total shares in TBN) pursuant to cash settled total return swaps with various writers.
I think Mr Merrill is alluding to case news… I don’t think he is that interested in Q1 results but I could be wrong. Mr Bogart did say early June for results in his presentation a few weeks back in london so an announcement affect the market closes in NY and an RNS Thursday in London would be early (very early) June…
One thing for certain is the next 14 days are going to be interesting …
Correction
I can see the Argentinian’s agreeing a settlement by the end of the year…They won’t/ can’t post a bond to appeal once the court case has concluded. Once Burford have started the embargo process and made US & international trade difficult the new government whom ever they are will have to do a deal..
I see the Argentinian’s agreeing a settlement by the end of the year…They won’t/ can’t post a bond to appeal this once the court case has concluded and Burford have started the embargo process and made US & international trade difficult the new government whom ever they are will have to do a deal..
Thank you Mr Marroc - it looks like they are indeed snookered.
Happy to be corrected but it seems they need to fold or post a bond to kick the can down the road and appeal whilst Burford racks up another 9 months interest. Can burford seize the current Arg Governments stake in YPF that’s worth many many billions?
The Cyber issue caused this to fall 20% … Capita SP is going to start moving forward quite quickly as investors start to get back on board. Not a fan of Mr Odey but I believe he was right when he said a he thinks lot of people have called Capita wrong and the fundamentals have significantly changed and upside is on its way.
News:
There will be a handful of departures on the FTSE 250, according to indicative changes. Upstream energy company Capricorn Energy PLC, Africa and South America-focused exploration firm Tullow Oil PLC and oil and gas industry services provider Hunting PLC are set for the chop. Tech investor Molten Ventures PLC and Videndum PLC, are provider of hardware and software for the content creation market are also under threat.
They will be replaced by Empiric Student Property PLC, Gore Street Energy Storage Fund PLC, instant-service equipment firm ME Group International PLC and door and window components supplier Tyman PLC. Capita PLC is also set for a promotion to the FTSE 250, helped by the outsourcer's well-received annual results in March, and despite suffering a cyber-attack in April.