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19th ITTD, CAW, Thank you for working through this together.
Keeping my fingers crossed for the annual accounts, by the end of the month, but disappointing to see that the AGM may be delayed.
GLA, certainly challenging times for the BOD and LTH.
19th, I can't see your statement within the legislation.
Traded companies: publication of information in advance of general meeting
(1)A traded company must ensure that the following information relating to a general meeting of the company is made available on a website—
(a)the matters set out in the notice of the meeting;
(b)the total numbers of—
(i)shares in the company, and
(ii)shares of each class,in respect of which members are entitled to exercise voting rights at the meeting;
(c)the totals of the voting rights that members are entitled to exercise at the meeting in respect of the shares of each class;
(d)members' statements, members' resolutions and members' matters of business received by the company after the first date on which notice of the meeting is given.
(2)The information must be made available on a website that—
(a)is maintained by or on behalf of the company, and
(b)identifies the company.
Announcement today, would be in time for a 30 June AGM, 21 days notice (+2 for notice day and meeting day).
The piece about the accounts, by 19yhhole, is worrying as they need to be filed by 30 June and therefore were not looking good.
All very frustrating, given that notice periods are clear and statutory.
CAW, that's a wild interpretation.
Accounts and AGM notice do not follow the same statutory deadlines.
Eua did not say the audited accounts would be delayed, but that they are running behind schedule. These are audited accounts.
The AGM notice cannot be delayed and the AGM meeting must be held by 30 June.
EUA said clearly, both accounts and AGM will follow statutory deadlines.
AGM notice deadline - today(according to my interpretation)
AGM - 30 June 22
Accounts - 30 June 22
Any talk of July is not logical.
ITTD, to my knowledge there is no flexibility on AGM deadlines for 2022.
CA 2006 states that the notice must come within 21 days + the day of the announcement and the meeting.
Announcement today would mean a 30 June AGM.
AGM notice to follow in due course, with the statutory notice period for the AGM being observed.
No-one is expecting a delay.
Testing. I agree with the sentiment of the dividend policy adopted. Also, as stated in the RNS, it's targeted at better governance and transparency, while the company implement their strategy.
The only curve ball is what may have changed, since then. Personally, I think the only change to the strategy is the Russian involvement. I'm expecting a full sale of all Russian assets, with a move out of Russia, using the retained captial.