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SKAGEN’s vote at Bidvest AGM
SKAGEN voted against one proposal at the annual general meeting in Bidvest on the 23. November 2015.
At the meeting SKAGEN voted, on behalf of SKAGEN Kon-Tiki which is a shareholders in the company, against one proposal related to a long term incentive plan in Bidvest, as the proposal would result in an authorization to issue an aggregate 13.3% of outstanding shares, which we deem too excessive.
SKAGEN held 2 million shares at the time of the meeting. This was equal to 0.6 percent of the company.