(IN BRIEF) Proxymity and Clearstream have partnered to launch a digital general meeting announcement service in Germany and Luxembourg. The collaboration aims to automate issuer-investor communication, improving proxy voting and corporate event communications. The central platform will enable issuers and their agents to publish general meeting announcements directly to the Issuer CSD, facilitating efficient communication with intermediaries and investors. The service, which will use Proxymity’s Vote Connect digital proxy service, is expected to go live by the end of the year. This collaboration will streamline and enhance the general meeting announcement process, benefiting all parties involved.
(PRESS RELEASE) FRANKFURT, 30-May-2023 — /EuropaWire/ — Deutsche Börse Group (ETR: DB1), an international exchange organisation and innovative market infrastructure provider, has announced that its post-trade service provider Clearstream, has expanded its collaboration with Proxymity, the foremost digital investor communication platform, in launching a groundbreaking solution for digital general meeting announcements.
Traditionally, the communication process between issuers and investors involved multiple sources and disparate methods, leading to delays and a fragmented experience for intermediaries and investors. Recognizing the need for a more streamlined approach, Clearstream and Proxymity have joined forces to automate issuer-investor communication, paving the way for enhanced proxy voting and corporate event communications across all stakeholders.
The central platform developed by Clearstream and Proxymity will empower issuers and their agent banks to significantly enhance corporate event communications between intermediaries and investors. By publishing “golden record” general meeting announcements directly to the Issuer CSD (Central Securities Depository), the platform will seamlessly disseminate crucial information to intermediaries and investors across a diverse portfolio of financial instruments. This comprehensive coverage includes domestic equities, bonds, ETFs, investment funds, and Eurobonds (XS ISINs).
With a planned launch by the end of the year, the digital general meeting announcement service will utilize Proxymity’s flagship digital proxy service, Vote Connect. Powered by Proxymity’s cutting-edge investor communications platform, Vote Connect will provide a seamless and efficient channel for proxy voting and corporate event communications.
Clearstream is delighted to partner with Proxymity in this transformative endeavor. The introduction of the digital general meeting announcement service signifies our commitment to innovation and our dedication to providing state-of-the-art solutions for our valued clients. By automating issuer-investor communication, we aim to revolutionize the proxy voting and corporate event landscape, ensuring transparency, efficiency, and convenience for all participants in the process.
Sam Riley, CEO of Clearstream Securities Services, commented, “At Clearstream, we are constantly striving for new and innovative services for our clients, making it easier for them to conduct their business smoothly and efficiently around the world. In expanding our partnership with Proxymity, we are delivering on this ambition once again, using digital technologies that are leading the way in compliance and best practice.”
Dean Little, CEO of Proxymity, added, “We are thrilled to continue our partnership with Clearstream, further expanding our digital investor communication platform into the German and Luxembourg markets. This collaboration will revolutionise the way issuers communicate their corporate events, ensuring compliance and enhancing efficiency in the proxy voting process. We look forward to making a positive impact on these strategically important markets and continuing to drive innovation in issuer to investor communication.”
Adopted by over 65% of FTSE 100 companies, Proxymity connects the world’s ecosystem of issuers, intermediaries, and investors digitally in real time, bringing unprecedented transparency, efficiency, and accuracy to traditional paper-based processes. Trusted by the world’s largest financial institutions, it is the leading digital investor communications platform, serving over twenty-five markets world-wide. Proxymity’s ground-breaking technology has also been recognised industry-wide, with recent awards including FSTech’s “Most Disruptive Technology in the FinTech Sector” and GC Magazine’s “FinTech of the Year 2022”.
Our solutions give public companies confidence that their AGM/EGM agendas are transmitted as “golden source” and provide institutional investors with the time to research and vote on corporate decisions, as well as actual digital confirmation that their votes have been received. The digital-native platform, built on highly scalable technology, provides full compliance with the latest regulations such as the Shareholder Rights Directive (SRD II).
Proxymity promotes enhanced environmental, social, and governance (ESG) by improving communication between issuers and investors while making it easier for intermediaries to provide efficient, timely and compliant client service.
The company is backed by a global consortium of the industry’s most influential financial institutions, representing seven of the world’s top ten Global Custodians managing over $200 trillion in assets under custody (BNP Paribas, BNY Mellon, Citi, Computershare, Deutsche Bank, Deutsche Börse, HSBC, J.P. Morgan, Mediant, State Street).
For more information, visit www.proxymity.io
Clearstream is the innovative and trusted post-trade business for the global markets. It runs the leading securities and funds servicing ecosystems of tomorrow.
The company operates the German and Luxembourg central securities depositories and an international central securities depository for the Eurobonds market. With 17 trillion Euros in assets under custody, it is one of the world’s largest settlement and custody firms for domestic and international securities.
It also delivers premier fund execution, distribution, data and reporting services, covering over 50 fund markets worldwide.
Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.