Evolution AB

At the Evolution AB extraordinary general meeting 16 February 2023, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 7 for the following reasons:

Item 7: Adoption of share-based incentives

Folketrygdfondet takes a positive view of executive and board share ownership schemes that align the interests of executives and shareholders, ensure good corporate governance and secure value creation over time. Folketrygdfondet also expects boards of directors to adopt schemes that are simple and clear, include a cap on allocations and are reasonable in scope. The proposed warrant plan does not include performance-based hurdles. Folketrygdfondet has therefore voted against item 7.