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Merchants Trust AGM 2022

Description

I would like to take the opportunity to remind shareholders that you have the right to vote on important matters that affect Merchants, such as the proposed renewal of share issuance authorities. It is an important feature of an investment company that shareholders can and are encouraged to make their voices heard by voting on all business matters, as detailed in this report.

Where traditionally many shareholders would have held Merchants shares ‘directly’, being individually named on the company’s main share register, in recent years a growing number of shareholders have held shares through a platform. A potential disadvantage for the board of this arrangement is that the investor is a client of the platform and Merchants has no sight of the identity of those shareholders. In the past this has sometimes prevented some shareholders from receiving information on shareholder voting or having the option to participate. We are encouraged by moves in the industry this year to democratise shareholder access with information being made more readily available by platforms when companies have votes open and giving the ability to participate in those votes.

If a shareholder of this or any other company is not aware if they have access to this service through their investment platform we would encourage you to contact them to ask what they provide. The AIC as the industry body for investment companies is taking definitive steps to engage with the investment platforms to encourage shareholder participation in voting and the provision to shareholders of company reporting. On page 11 of the Annual Reportwe show how we communicate with shareholders and other investors through a number of different channels.

Schedule Overview

Date Number of Sessions First Session Starts Last Session Ends
Wednesday 18th 2022 1 12:00 PM 01:00 PM

Schedule Details

Day Time Session Details
Day 1 12:00 PM01:00 PM
Session

Merchants Trust AGM 2022

Ticket Price

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