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How to vote in the Nationwide AGM

How to vote in the Nationwide AGM We are advising all members to vote AGAINST all resolutions and AGAINST the re-election of the board in protest of the treatment of members by the leadership of Nationwide. For more information, please see our press releases from The 2024 AGM is online only – if you are […]

Submission to the Competition and Markets Authority (CMA) merger inquiry

The Competition and Markets Authority (CMA), the UK’s economic regulator, is one of three regulators – alongside the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) – who can veto the proposed acqusiition of Virgin Money by Nationwide building society. The CMA announced it would investigate the proposed acquisition on 31st May 2024. As […]

Nationwide members urged to vote “No to All” at AGM in protest at the handling of the proposed Virgin Money acquisition

Swindon, UK – The campaign to “Give Nationwide Members a Say on the purchase of Virgin Money” has urged Nationwide members to vote “No to All” resolutions and against all candidates put forward for (re-)election by the board at the society’s upcoming Annual General Meeting. Electronic voting opens today, 10th June, ahead of the online […]

Nationwide’s bumper profits are “hurting members everyday”, Virgin Money takeover will only “compound the misery”, and Fairer Share payment labelled an “ineffective bribe for a few, and an unfair, empty gesture for most.” “Never in the 250 year history of the building society movement was so much taken from so many by so few.”

THURSDAY 23RD MAY 2024 FOR IMMEDIATE RELEASE Nationwide’s bumper profits are “hurting members everyday”, Virgin Money takeover will only “compound the misery”, and Fairer Share payment labelled an “ineffective bribe for a few, and an unfair, empty gesture for most.” “Never in the 250 year history of the building society movement was so much taken […]

Nationwide members demand “clarity and balance” on proposed Virgin Money deal and rationale for denying vote

The campaign to “Give Nationwide Members a Say on the purchase of Virgin Money” accuses Nationwide of “poor communication and misleading statements” regarding the deal, and requests that Nationwide be “open and honest” with membership regarding the inherent costs and risks of the proposed acquisition. Further, after the society revealed that it is denying members a vote on a technicality, the campaign challenges the “legal safety” of the Nationwide board’s opinion, effectively disenfranchising 16 million Nationwide members.

What’s next for the campaign

26 April 2024 BACKGROUND The campaign began with a simple objective, as per the title of the petition started by Mikael Armstrong on 21 March 2024: to Give Nationwide Members a Say on the purchase of Virgin Money. It now has over 4,000 signatories. The immediate opportunity that the campaign identified was to request a […]

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