Lumi appointed Exclusive Agent for Proximity in Belgium


LONDON, December 7, 2021 (GLOBE NEWSWIRE) – Proxymity, the main digital communication platform for investors, and Lumi, the world leader in AGM technology, have extended their relationship with the deployment of a first digital connection on the market for 100% of issuers in Belgium and the rest of the world. Luxembourg.

This decision expands the existing partnership between the two organizations which have successfully collaborated to improve efficiency and market communication. To date, more than 350 meetings have been announced through the platform reaching shareholders connected to the platform, on average a week earlier than before, along with thousands of real-time votes and instructions from power of attorney for issuers.

The connection provides a simple, cost-effective and easy solution for issuers to comply with SRD II and a progressive step towards improved corporate governance for issuers, intermediaries and investors connected to the respective platforms.

Rita Baeyens, Director of Strategic Business Development for Lumi, commented on the announcement, saying, “The extension of our relationship means we can go further to provide transparent digital solutions in response to the obligations imposed on issuers by legislation. SRD II. Benefit greatly from the reduction in paper, the increased efficiency and accuracy provided by electronic delivery, as well as having a local agent in the market. “

Dean Little, CEO and Co-Founder of Proxymity added, “For several years, Proxymity and Lumi have partnered to bring a positive change to the investor communications landscape, and we are delighted to expand our partnership to reach 100 % of issuers in Belgium and Luxembourg. . The launch highlights the benefits that digital connections bring to the entire industry, both for issuers and investors. “

The transposition of SRD II legislation into Belgian law aimed to strengthen the relationship between Issuers and their investors – both individuals and institutions. The realities of implementation, however, have varied considerably, yielding different results for shareholders. The strengthening of the Lumi / Proximity partnership will provide a unique, comprehensive, integrated and transparent experience for the benefit of listed companies, as well as their shareholders – offering parity for issuers across the market.

About proximity

Proxymity’s leading digital communications platform for investors connects issuers, intermediaries and investors in real time through its unique digital channel, bringing efficiency, accuracy and transparency to every participant in the global chain of custody.

Our solutions give SOEs the assurance that their AGM / EGM agendas are conveyed as a ‘preferred source’ and give institutional investors the time they need to research and vote on the decisions of the company, as well as actual digital confirmation that their votes have been received.

Proximity promotes better environmental, social and corporate (ESG) governance by improving communication between issuers and investors and by enabling intermediaries to be more efficient, faster and more compliant when serving their clients.

The company is backed by a global consortium of the industry’s most influential financial institutions (BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, JP Morgan, State Street).

For more information visit www.proxymity.io

Proxymity press contact: [email protected]

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Image 1: Proximity logo

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