Lumi facilitated the UK’s first electronic AGM for Jimmy Choo PLC, the British luxury brand specialising in shoes and accessories, enabling involvement from its shareholders across the globe and setting a precedent for future events.
The AGM Mobile platform provided by Lumi to registrar Equiniti, allowed shareholders to ask questions and vote on resolutions for the Jimmy Choo PLC AGM directly through the app. Once downloaded onto smartphones, tablets or accessible via PC browser, with access protected by a secure authentication process, shareholders could access AGM presentation slides and engage in an active approach to voting which was both flexible and legally robust.
Peter Harf, Chairman of Jimmy Choo PLC, commented on the success of the first ever electronic AGM in the UK held in June 2016.
“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,” said Mr Harf.
Equiniti has used Lumi’s well-established AGM system for over a decade. Guy Wakeley, CEO of Equiniti, commented on the importance of integrating technology into business operations.
“This demonstrates Equiniti is on the front foot when it comes to technology and innovation and further evidence why we are recognised as the No1 AGM team within the industry. It is fantastic to be credited with not only a significant step forward in the use of technology but also 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,” said Mr Wakeley.
Oliver Bampfield, Managing Director – Australasia at Lumi, commented on the potential this secure technology offers AGMs around the world.
“AGMs are mandatory events, and these days it’s simply not feasible to expect shareholders and institutional investors to travel to attend an AGM every year. The Jimmy Choo PLC electronic AGM in the UK sets the precedent of what is possible with this technology for companies around the world.
“Our AGM Mobile platform is a reliable and secure technology that’s offered in nine countries including Australia, Hong Kong, the US and UK. It facilitates easy registration, secure polls and faster scheme, remuneration and spill resolutions, plus ASX letters, attendance lists and voting reports are automated, making completing necessary paperwork much faster,” said Mr Bampfield.
