Silverdell Shareholder Meeting Report

There was a meeting attended by about 20 Silverdell shareholders in Beckenham on the 20th January. A report of the meeting is present here: www.sharesoc.org/Silverdell_Shareholder_Meeting_Report.pdf

It covered what was known about the events at this AIM company, where the shares were suspended out of the blue, and delisted 6 months later with not much communication to shareholders in the meantime. The company has announced that the shares are worthless. Also discussed was what actions shareholders might take at this point in time and some of the general issues surrounding company law and regulations.

Note that we expect to publish an article in our next Members Newsletter that also covers how to avoid investing in companies that quickly become “duds” like Silverdell. This is of course possible not just with AIM companies but with any listed company (although it’s more common in the small cap sector).

Roger Lawson

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