Cork Opera House board seeks ‘missing’ shareholders

The board of Cork Opera House has launched a major process to trace the company’s “missing” shareholders and buy back their shares as part of a tidy-up of corporate governance issues.

The Opera House confirmed it intends to advertise the process nationally and in Britain as part of a wider move to ensure it complies with modern corporate governance rules.

It is understood that it has about 450 shareholders on its books, but several are untraceable, or have not responded to correspondence or attended AGMs for several years. Many more have died but are still listed as shareholders.