RE: IMPORTANT: vote against EGM proposal25 Nov 2023 18:16
The ‘big deal’ is that the Spanish withholding tax will be taking 19% of your dividend. Measured in pence it does not sound a lot, but in percentage terms it is substantial.
All private shareholders should note that to pass the Special Resolution re-domiciliation proposal in the EGM it requires not less than 75% to vote in favour. Therefore, if enough of us, particularly if your holding is in an ISA or SIPP, should make the effort and vote against the EGM proposal it is possible that we can get the board to re-think. Currently ‘Other Shareholders’, which do not include institutional and management, account for 33.6%. If enough of us vote against the proposal it can be defeated; let’s make the voice of the small private shareholder be heard.