UNV 0.00% 16.0¢ universal coal plc

will vote no to resolution 5, 6, 8

  1. 3,673 Posts.
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    Reasons:
    5. Additional share issue capacity
    10% additional share issue, that will make them to issue 25% without shareholders approval. Not a good idea.

    6. Adoption of an employee share plan
    Without details, the exercise price and how much they will issue.

    8. Non Executive Directors fee pool
    From £200,000 to £500,000, Looks greedy, ask for 150% pay rise, but share price down more than 60%.
 
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