Shareholder Identification


Shareholder Identification

Utilizing public information, confidential issuer data  and Allen Nelson & Co.’s proprietary databases, we create WorldProxy® shareholder identification programs for many public companies seeking to identify their institutional and individual investors.  An effective program can yield important benefits:

  • We identify major “street name” shareholders and their custodians
     
  • We provide contacts and information on institutional investors and stock brokers
     
  • We provide background information and voting guidelines of major institutional investors and mutual fund portfolio managers from our proprietary databases
     
  • We monitor the voting recommendations of the proxy voting advisory firms, Institutional Shareholder Services (ISS) and Fairvest, as well as major North American and European institutional investors
     
  • We identify geographic and round lot holdings of “street name” shareholders for satisfaction of stock exchange and regulatory requirements
     
  • We help investor relations officers focus their efforts for maximum effectiveness


Shareholder Surveys

Allen Nelson & Co. conducts basic, geographic, round lot, share range, and other shareholder surveys designed to provide essential information that helps our clients comply with U.S. and Canadian regulatory requirements.  The following is a brief description of various surveys we conduct:

  • A basic survey requires us to contact the brokerage firms and banks shown on depository listings to find out how many investors are holding our client’s shares.
     
  • For a geographic survey, we contact the brokerage firms and banks shown on depository listings to detect the state, province or country where the shareholders reside and then learn the exact number of shares held in each state, province or country.
     
  • A round lot or share range survey requires that we contact all the individual brokerage firms and banks shown on the depository listings to find out how many shareholders own shares above a certain requisite threshold.


Foreign Private Issuers

S.E.C. Rule 3b-4 defines a “foreign private issuer” as a corporation or other organization incorporated or organized under the laws of any foreign country unless it meets the following conditions:

  • more than 50% of its voting securities are directly or indirectly held of record by residents of the United States.
     
  • any one of the following applies:  (a) the majority of the executive officers or directors are U.S. citizens or residents, (b) more than 50% of the assets of the issuer are located in the U.S. and (c) the business of the issuer is administered principally in the U.S.

Foreign private issuers with total assets in excess of US$10,000,000 and a class of equity securities held of record by 500 or more persons, of which 300 or more reside in the U.S., are subject to registration under Section 12(g) of the Securities Exchange Act of 1934.

Unless it gains exemptions from the S.E.C., a foreign private issuer must make regulatory filings with the Securities & Exchange Commission as if it were a fully reporting U.S. public company, which can be very costly.

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