Business
Here’s how the voting went down at the Kogan (ASX:KGN) AGM
The Kogan.com Ltd (ASX: KGN) share price has come under pressure on the day of its annual general meeting (AGM).
In afternoon trade the ecommerce company’s shares are down over 3% to $17.72.
How did the voting go at the AGM?
As readers might be aware, there was a lot of controversy over Kogan’s AGM this year due to its plan to issue options to its Chief Executive Officer, Ruslan Kogan, and its Chief Financial Officer, David Shafer.
The Kogan board was wanting to grant 3.6 million share options to Mr Kogan and a further 2.4 million share options to Mr Shafer. These retention options, as they have called them, have been proposed as an incentive for the two executives to stay with the company for the next three years.
They will be…
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