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SKAGEN’s vote at DRD Gold AGM
SKAGEN voted against one proposal at the annual general meeting in DRD Gold on the 4. November 2015.
At the meeting SKAGEN voted, on behalf of SKAGEN Global which is a shareholder in the company, against two proposals related to the authorization for the board to raise new capital through issuing shares. The reason for voting against is that a share issuance for cash would result in significant dilution for existing shareholders.
SKAGEN held 3.7 million shares at the time of the meeting. This was equal to 8.6 percent of the company.