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Author Topic: Advice on PLCs  (Read 2783 times)
The Truth
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« on: May 17, 2006, 09:16:00 AM »

Is there a minimum number of shares one must hold in a PLC in order to attend the companies AGM or would one share suffice? Also can a shareholder be prevented (without good reason) from attending the AGM of a PLC?

Many thanks in advance.
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Rod Paradise
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« Reply #1 on: May 17, 2006, 09:29:35 AM »

One share. Mark Thomas (the comedian/activist) and his team do that a lot - then turn up and ask the questions the compnies don't want to answer.
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The Truth
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« Reply #2 on: May 17, 2006, 09:35:05 AM »

One share. Mark Thomas (the comedian/activist) and his team do that a lot - then turn up and ask the questions the compnies don't want to answer.

Thanks Rod.

Next question how does somebody go about purchasing shares in PLCs (my experience has only ever extended to private companies)? Would it be more cost effective to purchase several and then divide them amongst several people - one share, one person or would each individual have to purchase a single share?
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Rod Paradise
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« Reply #3 on: May 17, 2006, 09:48:17 AM »

I don't know - but I know a forum that does - I'll ask them & post up any replies I get.
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The Truth
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« Reply #4 on: May 17, 2006, 09:58:25 AM »

Cheers mate, you're a star  goldstar
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Rod Paradise
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« Reply #5 on: May 17, 2006, 10:27:51 AM »

Truth, I asked on a share dealing site forum - looks like each person needs to buy their share individually, this isn't cost effective for buying shares, but to get into an AGM (and presumably make a point to the board), that's the way to go.

Good Luck

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As far as I know Rod each person who wishes to "earn" the right to attend the AGM would have to purchase at least one (or possibly any other specified number in the company's shareholder T&Cs) share in the company in their own name. They could of course do this through Interactive Investor if they have, or open, a share dealing account.

Each share transaction will be charged a fixed fee of £10 (whether it is for 1 share or 1 million). Their share(s) will be held on account by iii for them, but they will also be registered on the relevant company's shareholder register, and should thereby be eligible to attend the AGM. There may also be conditions regarding exactly when the share(s) is/are purchased relative to the AGM.

I may however not be completely correct in my understanding of these details, so it's probably best if your friend enquires directly to iii by completing the enquiry form at:

http://www.iii.co.uk/help/?type=onlinesupport

They could also contact the company in question to ascertain any conditions of eligibility to attend the AGM.

I hope this helps.
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The Truth
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« Reply #6 on: May 17, 2006, 10:41:36 AM »

Thanks Rod.
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Rod Paradise
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« Reply #7 on: May 17, 2006, 02:57:18 PM »

A mate of mine said
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If you want to pm me the details I can look into them for you and find their registars and when the AGM is etc.

Probably the only realistic way to buy 1 share is to go to the bank and pay £17.50 dealing charge for the one share. Usually you have to put at least £100 + to open many dealing accounts whereas I presume the bank will just charge you the cost of the share, 0.5% stamp duty and dealing charge.

Give me a PM if you want him to look it up.
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