Relations with Shareholders
The Board endeavours to present a balanced and understandable assessment
of the Group’s position and prospects in communications with shareholders.
The Group holds periodic meetings with representatives of major
institutional shareholders, other fund managers and representatives of the
The programme of investor relations includes presentations in London of the
full-year and interim results and meetings with institutional investors in the
UK and overseas. Investor and analyst feedback is sought after presentations
to ensure key strategies, market trends and actions being taken are being
effectively communicated and shareholder objectives are known. Written
responses are given to letters or e-mails received from shareholders. The
annual report is published in hard copy and on the Group’s website.
The Board receives regular updates on the views of shareholders through
briefings from the Chairman and the Executive Directors, reports from the
Company’s brokers and reports from the Company’s Financial PR consultants.
The Senior Independent Non-Executive Director is available to shareholders
where contact through the normal channels is inappropriate, or has failed to
All shareholders are welcome to attend and participate at the Annual General
Meeting and any other general meetings. The Group aims to ensure that all
the Directors are available at the Annual General Meeting to answer
questions. The Annual General Meeting provides an opportunity for
shareholders to question the Chairman and other directors on a variety of
topics and further information is provided at the Annual General Meeting on
the Group’s principal business activities. It is the Company’s policy to propose
a separate resolution at the Annual General Meeting for each substantially
separate issue. Resolutions are taken on a show of hands and details of all
proxy votes lodged for and against, or withheld, in respect of each resolution
are given to the meeting. Details of the proxy votes are also published on the
Group’s website at http://www.stagecoachgroup.com/investors/shareholder-services/agm. The Company
and its registrars have established procedures to ensure that votes cast are
properly received and recorded.