To re-register imutual PLC as a private limited company and adopt the articles published at https://www.imutual.co.uk/documents/articles.html
To cast your vote, please visit https://www.imutual.co.uk/vote before 11am on 22nd May (48 hours before the meeting)
Notes about the resolution:
- The purpose of changing status from PLC to a private limited company is to reduce our accounting costs (by approximately £6000 per year)
- The imutual site will continue to operate as normal, including the offer of shares in addition to cashback for purchasing via our retail partners
The resolution requires a vote in favour of at least 75% (by shareholding of those voting). If passed, it is likely that at least one further meeting will be necessary to pass supplementary resolutions related to the change of status.
Members of the Shareholders+ group can see the related discussion topic here
UPDATE - Result: the resolution to convert to a private company was passed with a 93.4% vote in favour as follows:
FOR: 101 members representing 1,080,774 shares
AGAINST: 15 members representing 76,523 shares