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Proxymity and State Street launch Digital Proxy Voting Service in UK & Ireland

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Digital investor communication platform, Proxymity, has announced that State Street has deployed its digital proxy voting service, Vote Connect Total, in the UK and Ireland in time for the 2023 proxy season.

The firm writes that Vote Connect Total, the digital proxy solution powered by its investor communications platform, enables issuers to publish “golden source” meeting announcements and agendas directly to investors. Investors receive near real-time ballots together with improved deadlines, and instant delivery of votes, allowing investors more time to engage with issuers, without the need for manual intervention, including verifiable proof that their votes have been cast at the meeting.

Proxymity’s deep integration with State Street’s operational teams will provide continued access to state-of-the-art investor relations services for the firm’s clients. The end-to-end digital connection will enable State Street’s clients that invest in the UK and Ireland to significantly extend their voting deadlines while enhancing transparency, accuracy, and speed, all in compliance with current regulations, including the EU Shareholder Rights Directive (SRD II).

Since 2020, State Street has utilised Proxymity’s Shareholder ID solution, which allows the firm to automate its shareholder responses, with full oversight, reporting and exception management processed by Proxymity’s platform.

Chris Rowland, global head of custody at State Street, says: “We are delighted to be extending our relationship with Proxymity. We remain committed to bringing solutions to our clients to connect issuers and investors through a transparent, accurate and real-time environment.”

Dean Little, Co-Founder and CEO, Proxymity, says: “We are thrilled to be expanding our partnership with State Street, as a highly valued and integral member of our investor consortium. As we grow our fruitful collaboration in connecting additional markets to the Vote Connect platform, we continue to extend the benefits of truly digital, real-time communication throughout the entire ecosystem.”

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