EGM

EGM
See Extraordinary General Meeting. Dresdner Kleinwort Wasserstein financial glossary
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See extraordinary general meeting Euroclear Clearing and Settlement glossary
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extraordinary general meeting (EGM)
A meeting called either by the Board of Directors or shareholders of a company to discuss special business. This would include matters, such as, a proposed takeover or merger, or a substantial change in the way the business is to be run. (If the meeting is called by shareholders then they must hold at least 10% of the voting rights of the company's shares

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EGM EGM noun [countable]
extraordinary general meeting; a meeting of those who own shares in a company, to discuss and vote on important subjects that cannot wait until the next AGM:

• An EGM to decide the company's fate will be held on Thursday.

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   Extraordinary General Meeting. A company meeting of shareholders called for an extraordinary purpose such as the approval of a merger or a capital increase (in contrast with the annual general meeting, which is a routine meeting of shareholders to approve the accounts and dividend payments and to elect directors).

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EGM UK US noun [C] UK
MEETINGS ABBREVIATION for extraordinary general meeting: a general meeting of all the members of a company to deal with important subjects which cannot wait until the next annual general meeting: »

The Chief Executive has called an EGM to sack directors and halt plans to invest in Internet schemes.


Financial and business terms. 2012.

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