To: SmartLogik Action Group

 

I refer you to the following link for the latest newsletter from the UK Shareholders’ Association:

 

http://slk-action-group.com/blog/archives/12-01-2005_12-31-2005.html#413

 

It contains very interesting information for all private investors, including further discussion on the current campaign to improve shareholder rights in the UK. This is trying to improve the rights of shareholders who hold their shares in nominee accounts; especially the right to vote on matters related to the companies they hold shares in. It is estimated that around 20% of UK plc is owned by shareholders in nominee accounts and these people currently have no rights to receive information on their shareholdings. The UKSA is encouraging all private investors to voice their concerns over the lack of accountability to shareholders in nominee accounts. The Company Law Reform Bill is now passing through Parliament and now is the time to voice your concerns. Again, it is up to all of us as individuals to take action, otherwise our democratic rights will be further eroded.

 

We hope to have further news for you regarding the SmartLogik Action Campaign before Christmas and will update you accordingly.

 

The home page of the SmartLogik Action Group website now shows a news feed of latest news posted to the weblog:

 

http://slk-action-group.com

 

 

 

 

Justin Jones

For SmartLogik Action Group