An Objecting Beneficial Owner (OBO) is a shareholder who has chosen to object to the disclosure of their ownership information to the company in which they hold shares. OBO shareholders do not have their identity and contact details shared with the issuing company they are invested in. As a result, the company may not have direct access to their information and will rely on Freetrade and our Third Party facilitator Say Technologies to communicate your voting preferences without passing on your details to the issuer of the securities you hold.
A Non-Objecting Beneficial Owner (NOBO) is a shareholder whose ownership information is passed on to issuing companies when requested. NOBO shareholders allow Freetrade to pass on contact details to the company, enabling direct communication between the company and the shareholder. This allows you as an investor to be more informed about the companies you invest in, as you may receive information regarding upcoming key initiatives and company performance directly from the issuer.
Freetrade has by default classified customers as OBO initially and will allow you to decide if you would like to receive further communications from the companies you invest in.