2026 EGM Notice
LONDON INTERNET EXCHANGE LIMITED (“the Company”)
Company number: 03137929
NOTICE is hereby given that the Extraordinary General Meeting (EGM) of the Company will be held at Convene 133 Houndsditch, London, EC3A 7BX and additionally via video conference, at 15:30 GMT on Wednesday 18th November 2026 for the following purposes:
1. Verification of voting rights.
2. The Ordinary Resolutions numbered 1 and 2 below will be proposed and, if thought fit, passed as an Ordinary Resolution of the Company (requiring a simple majority in favour).
In accordance with clause 11 of the LINX Membership Agreement, the memberships of the following members are suspended:
In the event of no formal vote being called under clause 11, these memberships of LINX will be terminated at the end of the EGM.
The meeting itself will be carried out at the above address and additionally via video conference at https://community.linx.net/linx127. For the purposes of Article 12B, this meeting is not designated as a Virtual General Meeting.
No person other than a LINX Member, in accordance with Article 5 of LINX Articles of Association, shall be entitled to be present or to vote on any question, either personally or by proxy or as proxy for another member at this meeting. Any Member eligible to vote in this manner is also subject to the provisions of Article 16 which states:
“16. Where, in the reasonable opinion of the Board, two or more members are deemed to be “connected persons”, or controlled by “connected persons” (as defined in Sections 993 and 994 of the Income Tax Act 2007 or in any legislation amending or replacing it), the connected members shall agree which shall have the right to vote and if they disagree then the member that became a member of the Company first shall, to the exclusion of the member with whom they have become connected, have the right to vote as a member of the Company. Failure of any Member to provide such information as the Board may reasonably require shall entitle the Board to withdraw voting rights in respect of all such connected persons.”
Full details of the voting procedure will be in your voting pack.
RESOLUTIONS
The resolutions to be put to LINX Members at the EGM are set out below. An explanation of each of the resolutions is set out in the explanatory notes to this document. Members are encouraged to read these notes carefully prior to casting their vote.
RESOLUTION 1 (Ordinary Resolution)
THAT the membership of Jump Networks Ltd (ASN 8943) is hereby terminated with immediate effect.
RESOLUTION 2 (Ordinary Resolution)
THAT the LINX Board remuneration from 1st January 2027 detailed in the document https://www.linx.net/wp-content/uploads/2026/10/Board-Remuneration-2027-Final85.pdf be approved.
BY ORDER OF THE BOARD
signed by the CHAIRMAN
DATED: 28 October 2026
REGISTERED OFFICE
Trinity Court,
Trinity Street,
Peterborough,
PE1 1DA
EXPLANATORY NOTES
These notes do not form part of the resolutions but are issued for clarity.
All resolutions are proposed by the Board. Resolutions 1 and 2 are ordinary resolutions and require a simple majority of votes cast to be in favour in order to be passed.
Resolutions are subject to 14 clear days’ notice. Documents pertaining to ordinary resolutions not yet available will be published on or before 14 days prior to the EGM.
The corporate representative of each LINX Member can register their vote by visiting www.cesvotes.com/linx127 from 3rd November 2026 and quoting the secure voting codes sent to you by email.
Resolution 1
Resolution 1 proposes the termination of Jump Networks Ltd (Jump Networks) as a member with immediate effect.
Having carefully considered the history of engagement, the repeated attempts to resolve matters over a number of years, the impact on employees, the resources required, and the interests of the wider membership, the Board has unanimously concluded that continuing the relationship between LINX and Jump Networks is no longer in the best interests of LINX or its members.
This was not a decision that we have taken lightly, nor was it a response to any single situation. It reflects the Board’s collective and considered judgement following a prolonged period of engagement, during which reasonable opportunities to establish a sustainable working relationship have been explored without success.
Over time, the Board have become increasingly concerned that due to the tone and scale of interactions, and the associated impact on staff wellbeing, LINX management have felt the need to introduce bespoke processes to respond to the many and varied complaints and demands submitted by Jump Networks. These complaints have covered a broad range of topics, including governance arrangements, billing interpretations and operational procedures.
Communications between LINX and Jump Networks have regularly been quoted by Jump, both to staff and in public forums, in an accusatory manner which is inconsistent with the collaborative approach LINX strives to adopt when working with members to resolve issues. This has created additional pressure on staff and has contributed to concerns regarding the sustainability of the working relationship.
LINX is operating in a challenging market and subject to financial pressure. The Board considers it important that management resources be focussed on delivering the commercial strategy to maintain and improve the quality, range and prices of the services it offers to members.
The Board has unanimously concluded that it is no longer in the best interests of the company or its staff to continue a commercial relationship with Jump Networks, and have instructed the Chief Executive to suspend Jump Networks’ membership of LINX after giving the contractually-required period of notice.
Under the Membership Agreement, formal termination of membership is subject to a ratifying vote in General Meeting. The Board therefore respectfully requests that the membership ratify this decision by passing Resolution 1.
Resolution 2
Resolution 2 approves the Board remuneration schedule for 2027: https://www.linx.net/wp-content/uploads/2026/10/Board-Remuneration-2027-Final85.pdf
This schedule specifies the remuneration for elected LINX Board members, conforming to
Article 58.
Corporate Representatives and Proxies
Each Member of the Company may appoint one or more corporate representatives to attend, speak and vote at the Meeting pursuant to section 323 of the Companies Act 2006. The Chair of the Meeting may act as a corporate representative for the purposes of the Meeting.
A Member may also appoint a proxy in accordance with section 324 of the Companies Act 2006, subject to the provisions of the Company’s Articles of Association.
Notice of the appointment of any corporate representative or proxy must be received by the Company no later than the time that the Members vote on the relevant resolution. Details of how to appoint a corporate representative or proxy and to enable them to vote at the Meeting will be provided within your voting pack.