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SKAGEN’s vote at Aveng AGM
SKAGEN voted against one proposal at the annual general meeting in Aveng on the 27. October 2015.
At the meeting SKAGEN voted, on behalf of SKAGEN Kon-Tiki which is a shareholder in the company, against one proposal related to a long term incentive plan for management. The reason is that we believe the plan equal to up to 5 percent of shares outstanding is too generous, that the performance criteria are not ambitious enough and that the link to only headline EPS might be a too narrow of a measure for overall performance.
SKAGEN held 20.7 million shares at the time of the meeting. This was equal to 4.98 percent of the company.