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|Subject: Re: Conygar - directors||Date: 23/12/2011 23:38|
|Author: ukdt||Number: 135718 of 141703|
The executive directors pay issue has been a common thread all the way through 2011 and this company is now the focus of attention. I have just seen the TMF 'Best Of The Boards In 2011' feature article that is put together showing what has been talked about most during the year.
The SteMiS4 post at the start of this thread is featured and with the Conygar AGM on Thursday 5th January I doubt shareholders will be letting this story go quietly. I am surprised the Press have not picked up on it by now as a £2.65m cash bonus for doing a share buyback to fatten up the City turkeys just in time for Christmas has shocked investors.
I do not know if any other investors who are shareholders or policyholders/pensionholders at any of the institutions who are shown as the large shareholders at Conygar have contacted them to complain. I registered my concern with Aviva who actually have over 8% of the Conygar and they stated that they are fully aware of the issue and they know other shareholders have also contacted the company. I am heartened that the institutions are taking an interest in this case.
The top twelve list of institutions at Conygar (all with over 1.5%) is as follows;
6. Legal & General
7. Killik & Co
8. Charles Stanley
12.Thames River Capital
If any of you have any links to these funds or want to register your concerns I am sure it will help shareholders and show that investors outside the Square Mile do not think it is acceptable to support this kind of remuneration policy.
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