imutual.co.uk

This is an official notice to shareholders in imutual PLC of an Extraordinary General Meeting to take place on Sun 24th May 2020 11am. As with our previous general meetings, it will be a "virtual" meeting and participation will take place via proxy forms. Questions can be submitted at any time using this forum. The business of the meeting consists of a single special resolution:

To re-register imutual PLC as a private limited company and adopt the articles published at https://www.imutual.co.uk/documents/articles.html

To cast your vote, please visit https://www.imutual.co.uk/vote before 11am on 22nd May (48 hours before the meeting)

Notes about the resolution:

- The purpose of changing status from PLC to a private limited company is to reduce our accounting costs (by approximately £6000 per year)
- The imutual site will continue to operate as normal, including the offer of shares in addition to cashback for purchasing via our retail partners

The resolution requires a vote in favour of at least 75% (by shareholding of those voting). If passed, it is likely that at least one further meeting will be necessary to pass supplementary resolutions related to the change of status.

Members of the Shareholders+ group can see the related discussion topic here

UPDATE - Result: the resolution to convert to a private company was passed with a 93.4% vote in favour as follows:

FOR: 101 members representing 1,080,774 shares
AGAINST: 15 members representing 76,523 shares

I'm in and yet to decide for or against.

Really depends on what that guy Richard will or will not do.

AAAlphaThunder wrote: ↑

Thu May 07 2020 6:04pm

I'm in and yet to decide for or against.

Really depends on what that guy Richard will or will not do.

In to what? If by that guy Richard you mean Richard Yendall then he is unable to decide what to do until after the EGM and the membership have given him a mandate, when it will be to late for you to vote.

Seems very sensible to cut costs, so have voted yes, although it will mean shares might be more difficult to sell.

Eurovisionfan wrote: ↑

Thu May 07 2020 7:01pm

although it will mean shares might be more difficult to sell.

They have never been tradable ( able or suitable to be bought or sold) since 2010

Indeed. It's a moot point really.

I've voted 'in favour'

Voted for

Voted as should everyone. I note no venue shown for the EGM as yet. Or as it is just this one resoloution is it just this vote, so no venue needed.

Vote cast for the resolution.