ISS revises recommendation, now recommends in favour of incentive resolutions for shareholder democracy
Zug/Switzerland (ots-PRNewswire) -
InCentive Capital AG today notes that Institutional Shareholder Services, the leading US-based international provider of proxy voting and corporate governance services, has reversed its prior recommendation in light of updated information and now recommends its clients which hold Sulzer shares to vote in favour of resolutions 8A and 8B proposed by InCentive Capital at Sulzer's Annual General Meeting on April 19. Resolutions 8A and 8B propose to remove voting limit and share transfer restrictions as well as reducing the number of members on the Board.
This decision is another important milestone for InCentive, providing further credibility to its efforts to offer shareholders the opportunity to decide whether they want to accept the offer.
InCentive also noted that while it is too late to register for the meeting, it is not too late to change a vote. InCentive calls on all registered shareholders to vote in favour of the resolutions proposed by InCentive by Tuesday, April 17 to be sure their vote is counted.
InCentive Asset Management AG
Phone +41 1 205 9300
Fax +41 1 205 9305