AP1 opposes Swedish Match change

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SWEDEN - AP1 has voted against two resolutions by tobacco company Swedish Match - one to raise the company board fees and another to introduce a share option scheme that is not relative and does not contain a value ceiling.

In exercising its shareholder rights, the SEK188.2bn (e20.5bn) Swedish buffer fund announced it had rejected proposals set out by Swedish Match’s board of directors in an extraordinary general meet...

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