My question wasn't intended to be alarmist, but a genuine concern over our privacy being compromised.richard@imutual wrote:I think this is alarmist and will cause undue concern to any potential members reading it
The Companies Act 2006 includes provisions to ensure that this right is only exercised for proper purposes, such as requisitioning a meeting of members. This is a good thing for shareholders, as it gives you power over your company
If someone requests access to the register, we are entitled to ask for the requester's name and address, or if an organisation an individual's name, plus the purpose of the request and whether the information will be shared with anyone else and if so, to whom and for what purpose. It is a serious criminal offence to make a false statement when providing the details required for disclosure, or to misuse the information provided
If we are not satisfied that the access is being sought for a proper purpose, we can refuse to provide the information. Note that the information consists purely of your name and address and cannot be linked with your email address / forum posts etc
Try buying 1 share in LTSB and requesting access to their list of 2 million+ shareholders and see where that takes you
Under section 116 of the 2006 Act, shareholders asking to inspect the register can do so free of charge. To refuse permission, the company must apply to the court within 5 days of the application, asking the court to agree the reason given is not a "proper purpose".
But anyone saying they want to inspect the register to (eg) contact the members regarding the running of the company/request a meeting etc would be giving a good enough reason!
(A single share gives the shareholder the same right of access as any other shareholder)