2018 accounts and notice of AGM

richard@imutual
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Re: 2018 accounts and notice of AGM

Post by richard@imutual » Mon Dec 31, 2018 11:54 am

Thanks for the questions and feedback both during the AGM and in this thread. I'll reply in more detail to some of these points over the coming days, but I certainly want to come up with ideas to increase participation in the voting / AGM side of imutual next year. I'll ask the accountants to bring forward their work so that we can hold the AGM before Christmas

The voting results were as follows (Number represents the shares held by 18 voters unless stated otherwise)
To receive and adopt the report of the directors and the financial statements for the year ended 30 June 2018.

for 449225

To re-elect Richard Lawrence Yendall as a director of the company.

for 449225

To re-elect Susan Catherine Yendall as a director of the company.

for 327430 (17)
abstain 121795 (1)

To re-appoint Cooper Adams Ltd as auditors

for 312448 (16)
against 14982 (1)
abstain 121795 (1)

To authorise the directors to agree the auditors' remuneration.

for 434243 (17)
against 14982 (1)
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pabenny
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Re: 2018 accounts and notice of AGM

Post by pabenny » Mon Dec 31, 2018 1:10 pm

William Joseph1 wrote:
Mon Dec 31, 2018 8:54 am
I am fully aware of [the formal purpose of an AGM] and it does not change my mind in saying that
Work should be done over the next year to encourage more people to take active participation.
I don't disagree. An AGM is somewhat constrained by its formal purposes and isn't necessarily the best vehicle for encouraging member participation.
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expressman33
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Re: 2018 accounts and notice of AGM

Post by expressman33 » Mon Dec 31, 2018 5:23 pm

Boro Boy wrote:
Mon Dec 31, 2018 10:04 am
expressman33 wrote:
Mon Dec 31, 2018 8:31 am
I tried to log on to the AGM but because I only have speakers and no microphone I kept getting error message " no microphone detected" so I could only get a picture and no sound
There was an option to log into the meeting using a phone as a microphone / speakers which seemed pretty obvious to me but I guess could be confused by the less technology aware...!?!
How much would that have cost me ?
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pakefield
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Re: 2018 accounts and notice of AGM

Post by pakefield » Mon Dec 31, 2018 5:55 pm

Wonder why 2 people did not vote for the auditors? Seemed logical to me if Richard was happy with them we should continue with them and pay them. But obviously not everyone agrees with me

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Re: 2018 accounts and notice of AGM

Post by nisha » Thu Jan 03, 2019 1:28 pm

Is it possible to watch the webcast again?
Whilst I missed the live show, I would love to view it.
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Re: 2018 accounts and notice of AGM

Post by cccashbacklover » Thu Jan 03, 2019 6:42 pm

Previous years a text transcript gets posted …...
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richard@imutual
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Re: 2018 accounts and notice of AGM

Post by richard@imutual » Fri Jan 04, 2019 11:20 am

nisha wrote:
Thu Jan 03, 2019 1:28 pm
Is it possible to watch the webcast again?
Whilst I missed the live show, I would love to view it.
No I'm afraid there is no recording or copy of the transcript (though there was barely any use of the chat box anyway)

The lucky few who attended got to see me in full technicolour :crazy:
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AAAlphaThunder
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Re: 2018 accounts and notice of AGM

Post by AAAlphaThunder » Fri Jan 04, 2019 5:10 pm

richard@imutual wrote:
Mon Dec 31, 2018 11:54 am
Thanks for the questions and feedback both during the AGM and in this thread. I'll reply in more detail to some of these points over the coming days, but I certainly want to come up with ideas to increase participation in the voting / AGM side of imutual next year. I'll ask the accountants to bring forward their work so that we can hold the AGM before Christmas

The voting results were as follows (Number represents the shares held by 18 voters unless stated otherwise)
To receive and adopt the report of the directors and the financial statements for the year ended 30 June 2018.

for 449225

To re-elect Richard Lawrence Yendall as a director of the company.

for 449225

To re-elect Susan Catherine Yendall as a director of the company.

for 327430 (17)
abstain 121795 (1)

To re-appoint Cooper Adams Ltd as auditors

for 312448 (16)
against 14982 (1)
abstain 121795 (1)

To authorise the directors to agree the auditors' remuneration.

for 434243 (17)
against 14982 (1)
A quick bit of maths.

Total Shares = 449225
Total Voters = 18

Member #1 Shares = 121795 (kevinchess1?)
Member #2 Shares = 14982 (AAAlphaThunder?)

Average Shares Of 16 Remaining = (449225 - 121795 - 14982) / 16 = 19528

Well done kevinchess1? I didn't expect for you to have done so very well for yourself. You have truly left me behind. Although my username is so much better.
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AAAlphaThunder
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Re: 2018 accounts and notice of AGM

Post by AAAlphaThunder » Fri Jan 04, 2019 5:14 pm

richard@imutual wrote:
Mon Dec 31, 2018 11:54 am
To re-elect Susan Catherine Yendall as a director of the company.

for 327430 (17)
abstain 121795 (1)
For the record, it's not gentleman like to vote against pretty Ladies.
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William Joseph1
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Re: 2018 accounts and notice of AGM

Post by William Joseph1 » Fri Jan 04, 2019 5:31 pm

AAAlphaThunder wrote:
Fri Jan 04, 2019 5:10 pm
Well done kevinchess1? I didn't expect for you to have done so very well for yourself. You have truly left me behind. Although my username is so much better.
If your maths are as good in your accounting then the taxman should be very wary of your sums. I can assure you that you are not second in this list by a long chalk. I and a friend both voted and have many more shares than you say you have.

Apart from that, a reminder, that the shares have no known value and will only be worth anything if and when the company either is sold or goes public. So therefore like most of your posts this post is quite irrelevant.

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