Locked doors and virtual votes at virus-hit AGMs

By: The Guardian

April 12, 2020

Behind closed doors, at its headquarters in London’s West End, FTSE 100 distribution company Bunzl will hold its annual general meeting next week, attended by just two shareholders.

The company, which supplies businesses with products such as coffee cups and cleaning materials, had scheduled its AGM for 15 April at a five-star hotel, before the government restricted public gatherings of more than two people.

Investors can vote by proxy through the company’s chair, and submit written questions in advance, but are not able to dial in to listen to the meeting on Wednesday. The firm says its own rules do not allow for the meeting to be held virtually or digitally.