Digital investor communications platform Proxymity will go live with its Vote Connect Total digital proxy voting service in South Africa next month, with a roll out underway in France and Belgium for the 2023 proxy season. In South Africa, the firm has reached an agreement with Citi Securities Services which will see the service become available to its clients in the country. The service offers golden source announcements, real-time voting and vote confirmations across the entire proxy voting ecosystem, which looks to benefit issuers, intermediaries, and investors. Deployment in South Africa represents the first African market to go fully live with Vote Connect Total, following collaborations between Proxymity and Citi in Europe, Australia and New Zealand. Citi clients in the region now also gain access to Proxymity’s digital platform to receive electronic meeting announcements and votes instantly and accurately, enabling them to service their clients in near real time. Dean Little, Co-Founder and CEO at Proxymity, told ESG Investor: “Given the challenges around greylisting for the South African market recently, encouraging investor confidence on a secure transparent and accountable corporate governance platform that allows better communication can only aid the market.” BNY Mellon will leverage Proxymity’s digital voting service across several international markets, including Belgium and France for the 2023 season. Little said Proxymity will continue to expand in 2023, with the service currently operating in 30 markets.
We're delighted to share that @Citi will go live in South Africa with Proxymity’s full digital #proxyvoting service!
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— ProxymityIC (@ProxymityIC) March 13, 2023