Proxymity goes live with Vote Connect in South Africa
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Proxymity goes live with Vote Connect in South Africa 14 August 2023South Africa Reporter: Jenna Lomax
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Proxymity has announced the release of its digital proxy voting service, Proxymity Vote Connect, in South Africa.
In collaboration with Computershare and Citi, Proxymity will provide the South African market with the ability to leverage golden source data and deliver investor communications in real-time.
The platform was created in response to the increasing demand from issuers, intermediaries and investors for heightened transparency and improved engagement.
By utilising the platform, issuers can take control of the notification received by their investors, receive votes earlier and engage with investors more efficiently, says Proxymity.
The platform allows shareholders more time to research, cast votes and receive confirmation that their vote was cast at the meeting, it adds.
Dean Little, co-founder and CEO of Proxymity, says: “Investors and issuers alike will benefit from our tested and trusted technology, which will provide unrivalled transparency while stimulating investment in the country. Launching Proxymity Vote Connect Total in this market is a significant step in our mission to reinvent investor communications globally.”
Masha Maharaj, Citi Securities Services head for Sub Sahara Africa, comments: “The extension of the Proxymity into South Africa is an example of Citi’s continued efforts to leverage innovation to improve client experience. The collaboration with Proxymity and Computershare enables our South African clients to benefit from a more streamlined and transparent digital investor experience.”
Bennie van der Westhuizen, CEO Computershare ZA, says: “The use of data and market intelligence in investor relations can help issuers create effective shareholder engagement strategies that reach as many holders as possible.
“Proxymity and Computershare’s connectivity service enables investors to begin submitting real-time voting instructions to Computershare by more than a week before an AGM takes place, enabling issuers to facilitate more meaningful conversations between their shareholders, investor relations teams and boards, increasing shareholder input and improving governance.”
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