Notice of Annual General Meeting

IN LIGHT OF THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023, THIS TEMPLATE IS CURRENTLY UNDER REVIEW. 

Public companies must hold an annual general meeting (AGM) each year. Since 1st October 2007, private companies are no longer required to hold an AGM.

Hold the AGM within 6 months of the accounting reference date and give the required notice

An AGM must be held by public companies each year, always within the 6 month period beginning with the accounting reference date.

At least 21 days’ written notice is required. The Articles of Association usually provide that notice is deemed to have been given 48 hours after posting. The AGM can be called on shorter notice if all the shareholders who are entitled to attend and vote agree.

Use this notice to set out the proposed AGM business and resolutions

Notices of the AGM must be sent to every shareholder (member), the directors and auditors.

The notice must set out the proposed business for the meeting and, in the case of ordinary or special resolutions, the actual wording proposed.

Typical AGM business and shareholder approval items

The usual business of the AGM is the assessment of the director's report and auditors' report, the declaration of a dividend, the election or re-election of directors (where they are subject to retirement by rotation) and of the auditors and authorising the directors to fix the auditors' remuneration.

The AGM may also deal with other matters requiring the consent or approval of shareholders such as changes to the company name.

When members can require a resolution to be included in the AGM notice

The members of a public company can require the company to include the wording of a resolution which may properly be moved and is intended to be moved at the AGM.

A company is required to give notice of a resolution once it has received requests that it do so from members representing at least 5% of the total voting rights of all the members who have a right to vote on the resolution at the AGM to which the requests relate (excluding any voting rights attached to any shares in the company held as treasury shares), or at least 100 members who have a right to vote on the resolution and hold shares in the company where at least £100 has been paid for them on average per member.

Notice of Annual General Meeting is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.