Smartoptics Group ASA

Item 7.00: Authority to Issue Shares w/ or w/o Preemptive Rights

Folketrygdfondet opposes the general authority for issuance of shares as a matter of principle. The purpose of the authorisation is not tied to a specific purpose and the size of the authorization is excessive. Folketrygdfondet’s decision to vote against the Authority to Issue Shares w/o Preemptive Rights is based on the significant potential dilution effect the proposed rights issue may have.  On this basis, Folketrygdfondet voted against the authorization.     

Item 9.00: Remuneration Policy

Folketrygdfondet’s decision to vote against the executive Remuneration Policy is based on a cumulative assessment taking into consideration that the executive remuneration strategy comprising discretionary awards does not align with shareholder interests because this may undermine the integrity of a company's incentive system and call into question whether the board is tryly committed to creating a tight and trensparent link between pay and performance. For this reason, we voted against this item.

Item 10.00: Remuneration Report 

Folketrygdfondet’s decision to vote against the executive Remuneration Report is based on a cumulative assessment taking into consideration that the executive remuneration comprising discretionary awards does not align with shareholder interests because this may undermine the integrity of a company's incentive system and call into question whether the board is truly committed to creating a tight and trensparent link between pay and performance. For this reason, we voted against this item.