beneficial owner passes on voting powers to a third party - do not have to attend meetings
1 of 14
Section 324
In the UK, right to appoint a proxy
2 of 14
Seaction 793 Companies Act 2006
plc has the right to investigate who owns it shares and sends written 793 notice to anyone who the company reasonably beleived holds or has held shares
3 of 14
Extraordinary general meeting (EGM)
AKA special. Notice to call EGM within 21 days of receipt of interest and meeting held within 28 days notice. Mainly called to discuss liquidation
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Annual General Meeting (AGM)
No later than 15 months from previous, March - April, UK at least 21 days notice
5 of 14
Ordinary business at an AGM
.
6 of 14
Special business at an AGM
.
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Proxy voting agent
a firm or individual who simply votes to their client's instructions
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Corporate letter of representation
where a legal owner appoints a person to act on their behalf at a meeting - would be sent by a custodian
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Italy
AGM within 4 months of year end and 15 days before reaches press, no requirement to publically publish, physical presence
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USA
AGMS end of first quater/start of second
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Japan
AGMs all companies call on the same date (june) so unlikely custodians will vote, notice is two weeks
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Bond holder meeting
similar to an EGM for shareholders
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Consent solicitation
requesting the existing holder accepts a material change to the term of the debt
14 of 14
Other cards in this set
Card 2
Front
In the UK, right to appoint a proxy
Back
Section 324
Card 3
Front
plc has the right to investigate who owns it shares and sends written 793 notice to anyone who the company reasonably beleived holds or has held shares
Back
Card 4
Front
AKA special. Notice to call EGM within 21 days of receipt of interest and meeting held within 28 days notice. Mainly called to discuss liquidation
Back
Card 5
Front
No later than 15 months from previous, March - April, UK at least 21 days notice
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