Withhold director fees, appoint IFA: Great Eastern shareholders propose resolutions to table at AGM
A GROUP of minority shareholders of Great Eastern Holdings : G07 0% (GEH) have proposed three resolutions to be tabled at the insurance provider’s upcoming annual general meeting (AGM), in an attempt to “protect and preserve” shareholder value.
The resolutions are calls to withhold directors’ fees, to change the share option schemes of employees, and to appoint an independent financial advisor (IFA).
According to a letter seen by The Business Times on Friday (Mar 1), a group of close to 80 shareholders have raised concerns over GEH’s depressed share price and continued valuation decline over the last decade, despite its “strong financial position”.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch