This is a consultation on amending LINX’s Articles of Association so that the Board has the power to designate a General Meeting as a “Virtual General Meeting”. This will allow the company to hold AGMs and EGMs entirely (or almost entirely) by videoconference.
- Initial announcement, as made at LINX Live on 2nd September 2020 (PowerPoint)
- Legal text of the proposed amendment
- Explanatory noteExplanatory / FAQs
- A side-by-side comparison of the changes to Article 13, which contains the quorum (NB: this does not contain the new Articles)
LINX was forced to hold its AGM in May 2020 entirely by videoconference, due to the COVID-19 situation. Because our Articles do not currently make provision for AGMs to be held online, this relied on emergency legislation the government put in place as a temporary measure, legislation that is due to expire in December. The Board considers that it would be prudent to make appropriate provision in the Articles on a permanent basis.
The amendment would also raise the quorum required for a valid meeting to take place from ten members to 25 members. This will strengthen this governance protection for members.