Shareholder votes at risk in shake-up of City rules
Shareholders risk losing their voting rights if plans to attract fast-growing companies to the UK are given the green light, bodies representing investors have warned. Two sweeping reviews commissioned by the Government are expected to propose shake-ups to London Stock Exchange rules to attract technology titans and entrepreneurs. One review, led by former Worldpay boss Ron Kalifa, will recommend that financial technology companies can float just a 10 per cent stake in their business, rather than the current minimum of 25 per cent. Show of hands: Two sweeping reviews commissioned by th...
Source: dailymail.co.uk