Clearstream and Proxymity Collaborate to Launch Digital General Meeting Announcement Service in Germany and Luxembourg

Proxymity

LONDON, England, May 30, 2023 (VSNewsNetwork.com) - Proxymity, the leading digital investor communication platform, and Clearstream, the global post-trade business, have joined forces to introduce a revolutionary digital general meeting announcement solution. This partnership aims to streamline communication between issuers and investors, providing a comprehensive platform for proxy voting and corporate event communications.

Traditionally, issuer-investor communication involved multiple sources and disparate methods, leading to delays and a fragmented process for intermediaries and investors. The new platform developed by Proxymity and Clearstream seeks to automate issuer investor communication, eliminating these challenges and facilitating efficient proxy voting and corporate event communications for all stakeholders.

The central platform will enable issuers and their agent intermediaries to enhance corporate event communications by directly publishing "golden record" general meeting announcements to the Issuer CSD. These announcements will then be relayed to intermediaries and investors across a wide range of financial instruments, including domestic equities, bonds, ETFs, investment funds, and Eurobonds (XS ISINs).

The service is expected to go live by the end of the year and will leverage Proxymity's Vote Connect, the flagship digital proxy service powered by their investor communications platform.

Sam Riley, CEO of Clearstream Securities Services, expressed his commitment to delivering innovative services, stating, "Clearstream is dedicated to providing our clients with new and innovative solutions that enhance their business operations globally. By expanding our partnership with Proxymity, we once again deliver on this commitment, utilizing digital technologies that set the standard for compliance and best practices."

Dean Little, CEO of Proxymity, shared his excitement about the partnership, stating, "We are delighted to continue our partnership with Clearstream, expanding our digital investor communication platform to the German and Luxembourg markets. This collaboration will revolutionize how issuers communicate corporate events, ensuring compliance and improving efficiency in the proxy voting process. We look forward to making a positive impact on these strategically important markets and driving further innovation in issuer-to-investor communication."

To learn more about Proxymity's digital investor communication platform and stay updated on the launch of the general meeting announcement service, visit www.proxymity.io.

Source: Proxymity via Newswire