Luxury shoe and accessories brand, Jimmy Choo, has become the first listed company to hold a UK electronic AGM.
The company used event technology supplier Lumi’s AGM Mobile technology to facilitate the meeting.
Registrar and business services supplier Equiniti introduced the platform to enable Jimmy Choo plc make its event accessible to all shareholders, regardless of their location.
Shareholders asked questions and voted on resolutions via the AGM Mobile platform, which was downloaded onto smartphones and tablets. The platform could also be reached by PC browser, with access protected by a secure authentication process to ensure that only those who traditionally would have been able to enter the physical meeting could access the platform and vote.
Jimmy Choo chairman Peter Harf said: “We are very pleased with the outcome of this process, which achieved its aim of broadening shareholder access to our AGM in the most convenient way possible. This was in good part due to our technology partner’s innovative approach to modernising the traditional AGM.”
Equiniti has used Lumi’s AGM system for a decade and CEO Guy Wakeley (pictured) described the move to stage the electronic AGM as, “a watershed moment for the standards of UK corporate governance. Use of this technology will not only lighten the burden on companies but also improve engagement with shareholders by making AGMs more accessible”.
Richard Taylor, CEO, Lumi Technologies agreed: “Many listed companies find it is no longer feasible to expect their shareholders and institutional investors to travel across the globe to attend an AGM. We are sure that electronic meetings will be held increasingly in the future, especially now such reliable and secure mobile technology is available.”