May 21, 2021

No tea and biscuits but in-person annual meetings are back

There may not be the traditional free sandwiches but investors are being invited to attend annual meetings in person for the first time in more than a year, as companies including Lloyds Banking Group, BT and Vodafone seek to put the pandemic behind them. An increasing number of companies are planning a hybrid model for their AGMs this year, allowing shareholders to attend in person but also hosting virtual events where investors can ask questions either in advance or on the day. Online retailer THG will also allow shareholders to attend in person in Manchester at its first AGM as a listed company. Standard Life Aberdeen permitted shareholders to attend its AGM in person this week, although none chose to do so. Last year's AGM season - where in some cases shareholders could not even listen to meetings - was not perfect from anybody's perspective, he added.

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