September 20th, 2006
Justin Jones of SmartLogik Action Group will be giving a 20 minute presentation followed by 20 minute Q & A session on:
“Experiences of a Shareholder Action Groupâ€. Without going into too much detail, this will cover why the SmartLogik Action Group was started up. It is suggested that the proliferation of shareholder action groups in the UK is a direct result of the “light touch†regulatory approach that exists, where unscrupulous companies can take advantage of the system. Action Groups are needed to represent the interests of shareholders (esp. the small shareholders), create balance and highlight the importance of good corporate governance. The big mutual funds are needed to ensure that the interests and rights of all investors are safeguarded.
The Sustainable Finance Summit will be held at the Regent’s Park Marriott Hotel, 28 - 29 November 2006. Some 100 - 150 senior executives from banking and finance are expected to attend. See following link for more details and list of speakers:
http://www.ethicalcorp.com/finance/speakers.shtml
September 16th, 2006
Ernst and Young Update on SmartLogik Liquidation, August 06
The latest update from the official liquidator for SmartLogik is now available and can be downloaded from the link directly above. They conclude that there may be a small surplus left over for the shareholders, perhaps 1 or 2 pence in the pound. This will no doubt be of little comfort to the long suffering shareholders.
There will be a meeting of the members and creditors of SmartLogik Group PLC at Ernst & Young LLP, 1 More London Place, London, SE1 2AF on 6 October 2006 at 10:00am and 10:30am respectively, for the purpose of laying before the meetings an account of the Liquidators’ acts and dealings and of the conduct of the winding up during the proceeding year.
A form of proxy for use at the meetings, if desired, can be downloaded at the above link, together with the Liquidators’ update report. The only resolution listed is one for creditors to vote on and is a vote to give permission to Ernst & Young to draw their remuneration fees from the liquidation bank account. If you are a creditor, you can vote using this proxy form. It should be lodged with the Liquidators at Ernst & Young LLP, 1 More London Place, London SE1 2AF not later than noon on the business day before the meeting.
For all matters relating to the forthcoming meeting, please contact Ernst & Young (do not send any proxy forms to the SmartLogik Action Group):
Salman Saif at Ernst & Young can be contacted at,
Direct Line: 020 7951 9372
Direct Fax: 020 7951 9234
E-mail: ssaif@uk.ey.com
