Holders of common shares in Millicom International Cellular are in line for a surprise pre-Christmas bonus, to the tune of $3 per share. Shareholders at Millicom’s EGM, convened specifically for the purpose, today voted in favour of the special dividend
Short-dated EGMs – don’t ban them, fix the voting
Pity poor Hammerson plc who last week became the first FTSE 100 company in many years to lose a routine resolution because it failed to achieve the necessary majority. We say …
Read MoreDavid Wighton of The Times writes about the problems of low turnout at shareholder meetings. “Shareholders have to get out there and vote” describes the problems facing Minerva, the property company fighting off a bid from 29.9 per …
Read MoreMixed news from the US federal courts this week as John Chevedden faced up to Apache Corporation over his attempt to submit a shareholder proposal.
Chevedden’s troubles began when he sought to eliminate Apache’s supermajority voting requirement and introduce a …
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