Proxymity and Computershare partnership set to bring digital proxy voting to South Africa

Proxymity will provide fully connected voting infrastructure benefiting issuers, intermediaries, and investors. The exclusive connection to Computershare South Africa follows the partnership between the two companies in UK, Ireland, Australia, and New Zealand.

LONDON, December 15 – Proxymity, the leading digital investor communications platform, today announced an agreement to connect exclusively to Computershare in South Africa, ensuring the market benefits from Proxymity’s unique ability to convey golden source announcements, real time voting and vote confirmations throughout the shareholder chain of ownership. The service will be live next week and marks another milestone for the Computershare – Proxymity partnership.

Entry into the South African market continues a trend of rapid global growth for Proxymity. The two organisations have previously collaborated in the Australian, New Zealand, Irish, and United Kingdom markets. Computershare clients in South Africa join these counterparts in gaining access to Proxymity’s digital platform to deliver electronic meeting announcements instantly and accurately as well as receive votes from their investors in real time and significantly earlier than previously.

Proxymity’s digital proxy voting service rectifies the inefficiencies of existing voting channels, overdue an overhaul amidst an unpredictable economic environment. The platform also caters to increasing demand for transparency from issuers, intermediaries, and investors, ensuring that investor communications are delivered in real-time and error-free through the full chain of ownership using “golden source” data.

By adopting a market-leading service, Computershare clients will benefit from the real-time receipt of votes from investors, and investors can receive vote confirmation that their votes have been cast, all the while bypassing the need for manual intervention. This is expected to result in a markedly improved voting experience upon take up of digital, real time proxy voting. These improvements will be felt across the market as issuers, intermediaries and investors alike benefit from golden source announcements, real time voting, unrivalled transparency, and up to five more days for investors to make critical decisions on investments.

Dean Little, Co-Founder and CEO, Proxymity, said: “We are delighted to have strengthened our long-standing relationship with Computershare, with whom we have partnered across multiple international markets since our inception. Computershare is an important issuer agent in South Africa, and we look forward to creating an efficient and immediate impact for the market as a whole.”

Bennie van der Westhuizen, CEO, Computershare South Africa, said: “Our agreement with Proxymity to help improve governance in South Africa is particularly exciting given the demand for increased accuracy, flexibility, and transparency across investor communications. The Proxymity solution will also reinforce the effective corporate governance that lies at the heart of our clients’ business.”

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