UKSA Network: Join us at Westminster on 6th July
Add comment June 29th, 2006
An Invite to UKSA Members to visit Westminster on 6th July to call for Justice for Nominee Shareholders
Members may be aware that the House of Lords have amended the Company Law Reform Bill to ensure that nominee shareholders will be enfranchised by all listed companies (ie. shareholders will receive all their rights), but this is being undermined by lobbying in the House of Commons. The Government may reject or undermine the Lords amendment unless MPs support our position. Gavin Oldham of the Share Centre, who has been active in promoting the views supported by UKSA, has arranged for a demonstration to make sure Parliament is aware of the feelings of private investors on this issue. The Bill is now in the Committee stage in the Commons and this matter will be decided in the near future so now is the time to show our feelings on this topic.
Join Us at Westminster
All UKSA members are invited to join a public meeting on 6th July at 3pm in Old Palace Yard, opposite the St Stephen’s entrance to the Houses of Parliament. If you can attend, could you please send an email to shareholderrights@share.co.uk and include your local MPs name if you know it.
Placards will be provided, and you may be able to lobby your local MP directly. We expect the demonstration to be good-natured and orderly, but nevertheless to convey to the Government that personal shareholders holding their shares in nominees must be granted equivalent communication and corporate governance rights to those whose shares are maintained on share registers. The opportunity to change Company Law comes rarely, about once in a generation, and it is vitally important to show the strength of feeling on this issue.
I do hope you will therefore be able to join us to achieve an effective demonstration on Thursday 6th July.
Roger Lawson
Communications Director
UK Shareholders’ Association
BM UKSA
London WC1N 3XX
Tel. 0870 70 60 600
Email: uksa@uksa.org.uk
Website: www.uksa.org.uk
