RE: The fight - message from Johnathon22 Dec 2020 08:27
I have taken this from an article about Sirius at the time. A lot of investors were trying to get shares transferred into their name, even if only one.
"And in documents issued to shareholders, 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.
The only way for a nominee shareholder to be counted as an individual voter is to apply for a paper share certificate, a long process which involves paperwork and can be expensive.
Unless investors go through this process, which can differ from broker to broker, giant shareholder 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."