iProxy

Online proxies are common in developed countries, where large batches of shareholding can be collated and voted. Apart from the benefits of reducing capturing errors and removing the dependance on postal mail, the audit trail allows for detailed analysis of voting.

iProxy is an Ince solution that allows for the electronic submission of iProxy forms to brokers, nominees and CSDP’s. We control the entire voting process and can provide reports of shareholder votes for verification.

iProxy

How it works
A shareholder logs in, allocates votes and the resultant electronic form is sent from the underlying shareholder to the broker, CSDP or transfer secretary. (Strate’s function of notifying the CSDP’s and other roles on the process is not affected by using iProxy).

Uses of iProxy range from Annual General Meetings to any general meetings where a circular to shareholders and voting may be required.

Ince developed iProxy and we are the sole provider of this solution in South Africa. Users include the JSE, Edcon and AngloGold, amongst other listed companies.

Key features:

• Certified and own-name dematerialised shareholders can use iProxy to vote directly;
• Dematerialised shareholders can use iProxy to notify their nominee how they would like their allocation to be voted;
• The paper process can be used in conjunction with the online process:
• The online proxy process is the same as the printed proxy process. It does not replace the paper process but mirrors it.