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| Subject: Re: Conygar - directors | Date: 23/12/2011 23:38 | |
| Author: ukdt | Number: 135718 of 141703 | |
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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. http://www.fool.co.uk/news/investing/2011/12/23/best-of-the-... 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; 1. Blackrock 2. Aviva 3. Fidelity 4. Henderson 5. Gartmore 6. Legal & General 7. Killik & Co 8. Charles Stanley 9. Artemis 10. M&G 11.Prudential 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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