Charles Henderson's appointment represents a significant step for private investors, endorsing UKSA's influence in support of their rights.
PEG is an influential body which advises on the disapplication of pre-emption rights of shareholders in new issues of shares for cash that provide them with protection against inappropriate dilution of their investments. Unless existing shareholders have the right of participating in an offer ('right of pre-emption' normally met in rights issues), the value of their shares could be damaged by the price of the offer. Effective PEG guidance on the disapplication of pre-emption rights is therefore important for protecting all shareholders.
