Rightmove is to hold its AGM today behind closed doors at its HQ in Milton Keynes, with only two shareholders permitted to attend. Votes submitted before the meeting will still count in the polls called by company Chairman Andrew Fisher, but crucially, there will be no option for shareholders to tune in via videocall.
The move comes amid a rising tide of discontent among Rightmove’s agent customers as they react to what they claim are unsustainable portal fees and high-handed treatment. The fact that shareholders will not be able to dial in has attracted opprobrium from leader of the Say No To Rightmove movement, Rob Sargent:
"Given there is so much turmoil between Rightmove and its customer base, you’d think they’d at least try to engage with shareholders a bit more, particularly when there’s tech out there that could enable that."