Clearstream and Proxymity to launch automated general meeting announcement platform

Rick Steves

The service is planned to go live by the end of the year and will use Proxymity’s Vote Connect, the flagship digital proxy service powered by Proxymity’s investor communications platform.

Proxymity has expanded its partnership with post-trade solutions firm Clearstream to create a digital general meeting announcement solution.

The new digital general meeting announcement platform will automate issuer investor communication to facilitate better proxy voting and corporate event communications for all parties involved.

Solution publishes “golden record” general meeting announcements directly to the Issuer CSD

The solution also aims to enhance the communication between issuers and investors which has historically been initiated through multiple disparate sources and using different modalities, causing delays and a fragmented process for intermediaries and investors.

The service is planned to go live by the end of the year and will use Proxymity’s Vote Connect, the flagship digital proxy service powered by Proxymity’s investor communications platform.

The central platform will enable issuers and their issuer agents to improve corporate event communications between intermediaries and investors by publishing “golden record” general meeting announcements directly to the Issuer CSD and onward to intermediaries and investors for a wide portfolio of financial instruments, including domestic equities, bonds, ETFs, investment funds, and Eurobonds (XS ISINs).

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.”

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