2016

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Private shareholders requisition AGM resolution at RBS
Thursday, 29 December 2016 - 1:33pm
Over 100 shareholders in the Royal Bank of Scotland (RBS), supported and coordinated by ShareSoc and UKSA, have requisitioned a resolution to install a new "Shareholder Committee" at the company that could include representatives of retail...
Dart Group Plc: another AIM review by UKSA
Friday, 23 December 2016 - 12:15am
In 1983 the current Chairman and Chief Executive took control of a company flying fresh flowers across the channel. This has been developed into a business with a fleet of UK based passenger aircraft specialising in package holidays and charter...
Culture to Capital: Aligning Corporate Behaviour with Long-Term Performance
Thursday, 24 November 2016 - 1:51am
The text of the Financial Reporting Council
20 September 2016
Venue Address
Alderman the Lord Mountevans
Lord Mayor of the City of London
Majority of investors in UK companies do not have shareholder rights
Thursday, 27 October 2016 - 5:52pm
The ownerless corporation, so christened by Lord Myners more than 10 years ago, is upon us. In its response to a...
Park Group Plc: another AIM review by UKSA
Monday, 19 September 2016 - 8:30pm
Park Group claims to be “the UK’s leading multi-retailer gift voucher and prepaid gift card business.” It started in 1966 as a savings scheme for Christmas hampers and has built on that base to reach a revenue total last year of £302.5m. Cash...
Plus500 Limited: another AIM review by UKSA
Sunday, 11 September 2016 - 8:58pm
This is an unusual and profitable company which, although quoted on AIM, is based in Israel. It has an attractive dividend policy although smaller non-Israeli holders are subject to withholding tax. But what does the company actually do, how...
SQS Quality Systems AG - another AIM review by UKSA
Friday, 22 July 2016 - 3:12pm
Would that all AIM companies could be persuaded to copy SQS. The presentation of the report makes it much easier to read than its UK counterparts and the high level of disclosure – happily confined to the notes – would satisfy most analysts....
Sprue plc: another AIM review by UKSA
Monday, 4 July 2016 - 10:26am
Full Sprue review here .
This company sells a range of Chinese made smoke and carbon dioxide alarms in Europe, principally in France and...
Persimmon pay revelations: blame the regulations
Tuesday, 21 June 2016 - 11:48am
The public will have been shocked by the revelation that Persimmon management are in line for a payment of £600million. This is no surprise to UKSA, who warned of this outcome when the Persimmon Long Term Incentive Plan (LTIP) was installed in...
Abcam plc and Hargreaves Services plc
Tuesday, 3 May 2016 - 1:48pm
Continuing its investigation into the quality of the top 100 AIM companies’ annual reports, the UK Shareholders’ Association finds uncertainties in the Abcam report and an astonishing but unexplained waste of shareholders’ money by Hargreaves...
Senior Financial Times writer condemns share buybacks
Wednesday, 9 March 2016 - 8:21pm
“It is time institutional investors took a firmer grip on buyout mania.” So wrote John Plender, a senior Financial Times writer, in a recent article to be found at http://www.ft....
How pay reporting rules let down investors
Tuesday, 8 March 2016 - 12:07pm
Shareholders are starting to wake up to one of the more crass aspects of performance targets for directors’ pay. Thomas Cook highlights a regulatory failure already seen with Persimmon.
The guidance in the Accounting Regulations Schedule...
Persimmon Long Term Incentive Plan to vest £500million more than 3 years early
Wednesday, 2 March 2016 - 5:14pm
Persimmon has announced an acceleration of its Capital Return Plan, but shockingly, made no mention of the resulting acceleration of zero-cost options now estimated to be worth £500million to management. With options previously vested the total...
The UK Shareholders’ Association examines two more AIM company reports
Monday, 29 February 2016 - 10:16am
If Tissue Regenix Group is to survive it will soon need more cash. Despite share price performance since listing on Nasdaq, GW Pharmaceuticals directors appear to have been overpaid.
Tissue Regenix Group is a bio-tech/medical device...
What is the use of pooled nominee accounts? UKSA comments on government research paper.
Sunday, 21 February 2016 - 11:57am
UKSA's review of the paper is all too...
The Financial Reporting Council (FRC) is failing private investors
Monday, 15 February 2016 - 10:33am
The FRC is responsible for promoting high quality corporate governance and reporting. The UK Shareholders’ Association wants private investors to be given more opportunity to contribute to this.
For many years, this Association, known as...
Keeping abreast of the changing world of accounting standards
Sunday, 3 January 2016 - 5:23pm
The UK Shareholders’ Association (UKSA) is pleased to provide access to the latest newsletter from the International Accounting Standards Board (IASB). Read more to find the link.
UKSA maintains contact with the IASB, the body responsible...