FTSE 350: Snapshot of arrangements for AGMs held after 30 March 2021

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Key Trends:

◾ Since August 2021, AGMs where shareholders were actively encouraged not to attend have become less common. Most companies are instead holding their meetings with physical attendance neither actively encouraged or discouraged. Most now do not provide for any form of electronic engagement. Those that did provide electronic engagement, provided for a video and audio webcast.

◾ The trend since August 2021 can be contrasted with the trend pre August 2021, where the majority of AGMs which took place after the end of the Corporate Insolvency and Governance Act 2020 were held as effectively closed meetings (i.e. shareholders were actively encouraged not to attend).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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