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Why is the Hargreaves Lansdown deadline for elections earlier than the company registrar's deadline?

The company's registrar will set a deadline for shareholder responses to a corporate action and Hargreaves Lansdown must ensure that all the instructions of its clients reach the registrar by this deadline. Therefore the Hargreaves Lansdown deadline will always be before the company registrar's deadline to give us time to process and forward on client instructions.

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