Jugopetrol has called an extraordinary shareholders’ meeting for 26 November, where investors will vote on the remuneration policy and remuneration levels for non-executive members of its Board of Directors, according to the company’s notice.
The notice does not give proposed amounts or say whether fees would rise, fall or remain unchanged. Shareholders will first elect a chair for the meeting before considering the remuneration items.
A quorum requires attendance or representation of holders of at least half of all shares: 2,326,986 of 4,653,971 shares. Resolutions will pass by a majority of votes cast by shareholders attending or represented by proxy.
Shareholders holding at least 5% of share capital may propose changes to the agenda or add an item, together with a draft resolution. Proposals must be submitted at least ten days before the meeting.
