Activist fund managers Samuel Terry and Sandon Capital have teamed up to push for an overhaul of the board of $1.5 billion oil and gas producer Karoon Energy.
Specifically, they intend to vote against the re-election of Peter Turnbull to the board, to vote down the remuneration report, an increase to the director fee pool, a performance rights grant to Dr Julian Fowles and a refresh of their placement capacity.The funds said they were undecided on whether to support the election of Melissa Holzberger and Joanne Palmer. Karoon is chaired by former Oil Search chief executive Peter Botten.
“We intend to discuss our views with as many shareholders as we can. We also believe management incentives – which we will be voting against – are inappropriate and incentivise suboptimal behaviour,” he said.
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Fonte: FinancialReview - 🏆 2. / 90 Consulte Mais informação »
Fonte: FinancialReview - 🏆 2. / 90 Consulte Mais informação »