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Shareholder communication

 

Background

CASS recognises the importance of effective, timely communication with shareholders and the wider investment community.

To ensure that trading in its securities takes place in an informed marketplace, CASS has adopted procedures to ensure compliance with its continuous disclosure obligations.

The Disclosure Committee is responsible for determining whether information relating to CASS may require disclosure to the markets under the continuous disclosure requirements in the jurisdictions in which CASS is listed. The specific focus of the Disclosure Committee is to consider and determine on a timely basis whether information would, to the extent that the information is not public and relates directly or indirectly to CASS, be likely to have a material impact on the price of CASS Securities if that information were generally available.

The members of the Committee are the chief executive, chief financial officer, and the Group company secretary (lawyer). 

CASS makes immediate disclosure (unless an exemption applies allowing a delay) to the relevant listing authorities in accordance with their rules of any information that a reasonable person would expect to have a material effect on its share price. All information released to the markets is posted on the website.

 

Annual general meetings

The annual general meetings present an opportunity to provide a summary business presentation, to inform shareholders of recent developments and to give them the opportunity to ask questions.

Generally, the chairs of all board committees will be available to answer questions raised by shareholders and all directors are expected to attend where possible. CASS Group’s external auditors, BDO, attend the annual general meetings and are available to answer questions about the conduct of the external audit and the preparation and content of the independent auditors' report.

Any questions received and answers provided ahead of the annual general meetings are made available to shareholders, who also have the opportunity to meet informally with directors after the meetings.

 

Investor Relations

The main channels of communication with the investment community are through the chairman, chief executive and chief financial officer, who have regular meetings with the Companies' major shareholders.

The senior independent director, other board committee chairs, and non-executive directors are also available on request. The senior independent director has a specific responsibility to be available to shareholders who have concerns, and where contact with the chairman, chief executive or chief financial officer has failed to resolve their concerns, or for whom such contact is inappropriate. In his capacity as Remuneration Committee chairman, the senior independent director meets shareholders to discuss remuneration issues.

During 2016, these meetings with the investment community focused on the issues of strategy, board succession, corporate governance, executive remuneration, and the operational and financial performance of the Group.

Regular investor seminars provide a two-way communication opportunity with investors and analysts.

Feedback from such engagement is routinely communicated to the board.

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