Hi,
The stock moved 12% today and I was looking for an explanation and I came across this RNS
http://www.investegate.co.uk/french-connection--fccn-/rns/circular-with-regard-to-electronic-communications/201305011600507917D/
But I don't know what to make of it.
Any ideas are greatly received.
Thanks in advance
Phil
Factor based investor who is passionate about encouraging more members of the general public to take control of their own investments.Founder of Grow Your Dough a YouTube channel dedicated to educating investors new and old alike about the power and simplicity of factor based investing. more »
The underlying Shareholder Document to which this RNS relates is within the National Storage Mechanism and can be found here :
Resolution 8 as set out in the Notice, if passed, will mean that the Company adopts new articles of association which allow the Company to communicate with its shareholders by electronic means, including via a website.
The purpose of this letter is to seek your consent for the Company to communicate with you in this way in respect of all documents or information to be sent or supplied to you by the Company, including for example, Annual Reports and notices ("Documents and Information"). This consent will apply to your existing shareholder account and any other shareholder account which may in the future stand in your name in the Company's register of members.
Increased use of electronic communications will deliver significant savings to the Company in terms of administration, printing and postage costs, as well as speeding up the provision of information to shareholders. The reduced use of paper will also have environmental benefits.
Under the provisions of the Companies Act 2006, we are required to ask you individually to confirm your agreement to the Company sending or supplying the Documents and Information to you as a member of the Company via our website at http://www.frenchconnection.com (the "Website").
