SGM

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 […]

Request a Special General Meeting

Please read the latest update from Mikael – and please email Nationwide with your request as per the instructions below. — UPDATE FROM MIKAEL — Thank you to everyone who has signed and supported this petition. We are now past the 3,000 signatory mark which is 6x what is needed to bring a Special General […]

Nationwide say call for a Special General Meeting “not valid”: member vote campaign fights on with over 3,000 supporters  

SATURDAY 20TH APRIL 2024 FOR IMMEDIATE RELEASE Nationwide say call for a Special General Meeting “not valid”: member vote campaign fights on with over 3,000 supporters   The Nationwide Building Society has rejected a request for a Special General Meeting of the society, as supported by over 3,000 supporters, under the society’s rules. The campaign requested […]

Nationwide member vote campaign asks supporters to withdraw deposits

SATURDAY 13TH APRIL 2024 FOR IMMEDIATE RELEASE Nationwide member vote campaign asks supporters to withdraw deposits   The campaign for Nationwide members to have a say on the proposed takeover of Virgin Money is proposing that their supporters withdraw all but £100 from their Nationwide deposit accounts. The campaign has been protesting that Nationwide members should […]

Nationwide members demand Special General Meeting so that Virgin Money takeover cannot proceed without a vote

THURSDAY 11TH APRIL 2024 FOR IMMEDIATE RELEASE Nationwide members demand Special General Meeting so that Virgin Money takeover cannot proceed without a vote Swindon, UK – Campaign organiser, Mikael Armstrong, has delivered a petition of almost 1,000 names to the head office of Nationwide Building Society, calling for a vote on behalf of society members […]

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