RE: Voting21 Feb 2020 10:36
Been a lurker for some time now but never posted. Absolutely aghast at the way in which this sorry saga has unfolded. No doubt in my mind that private investors like me have been completely shafted. Sirius Minerals is worth multiple times what Sirius and Anglo have valued it at. The mine has the potential to be productive for at least 100 years.
Odey may have their own agenda, asking for a minimum of 7p, but PIs like me who bought at 20p stand to lose heavily, an excruciating loss. Not to mention the lost opportunity to be part of a great project that I believed in.
Latest info from HL regarding the procedure to register as an individual shareholder, instead of the default position of Nominee accounts being counted as one shareholder.
In order to do so they must:
• Move at least 1 share(s) into certificated form, these shares will then be held in their name. One can withdraw a minimum of 1 share which will still give them their shareholder voting rights
• Any instruction to do so needs to be passed to the HL Certificated Withdrawals department by 5pm Friday 21st February 2020. Any instruction needs to clearly state the number of Shares to be withdrawn. Best done over the phone as there seems to be a backlog if instructions are sent via secure messaging.
• Once the stock withdrawal process is complete, they will be classed as an individual shareholder and will then be able to submit their vote with Link Registrars (0371 664 0300).
• There is a 2 day turnaround from giving instructions to HL to the shares being registered in their own name
• The individual will have to contact the registrars to then vote with regards to the shares that they’ve withdrawn. They don’t need to wait for the physical certificated copies as they will be on the electronic register.
• If one continues to hold shares with HL, then they will still require a further voting instruction through them, before their deadline of noon on Wednesday 26 February 2020.
• There is no charge to do this through HL
• Beware that once shares have been removed into certificated form the onus is on the individual investor to submit their vote with the Link Registrars and there may not be sufficient time to do this before the deadline of 11 am on Friday 28 February.
Once Link Registrars confirm that your name is on their register, they can post out your Investor Code, which enables you to vote electronically on www.siriusminerals-shares.com, after registering online.
Time is short; hope the above is helpful to anyone wishing to have their individual vote counted at the Meetings on 3rd March.
GLA and DYOR