Independent story today22 Apr 2013 19:32
Just spotted this in today's Independent business section. The article says ShareSoc are taking up the case, see below
Delisting of VSA wins backing – by a whisker
Andrew Monk, the founder of VSA Capital Group, has succeeded in persuading shareholders to back the delisting of the broker from the Alternative Investment Market, but only by the skin of his teeth. As Small Talk has previously reported, a small but vociferous group of investors has been campaigning against the delisting since Monk, a well-known figure in the broking sector, announced the proposals last month. The campaign persuaded 22.4 per cent of investors casting a vote at the meeting held to discuss the delisting to say no – just short of the 25 per cent required to block the plan.
Nick Brown, the shareholder behind the campaign against the delisting has taken the result with good grace, conceding defeat on his website. But the case has now been taken up by ShareSoc, a group that tries to represent the interests of private investors. It says some VSA investors who hold their stock through stockbrokers’ nominee accounts were prevented from casting their votes