BG Group (BG.)

BG Group (BG.)

Blog posts

Shell & BG Group Deal – Not Everyone’s Happy

(Pay packages and short termism at BG Group and Amec Foster Wheeler) Shareholders in BG Group should surely be happy. The offer from Shell values their shares at about £13.50 per share which is a premium of 50% to that which they have recently been trading. Although investors will get most of the value in Shell shares which means they will still be holding shares in the depressed oil and gas sector. An indication that perhaps not all investors are happy is ...
Post Date: April 9, 2015 Read more

ShareSoc Welcomes BG Group Decision but calls on Sir John Hood to Resign

ShareSoc is delighted by today’s news that BG Group has decided to withdraw the conditional share award that was proposed for new CEO Helge Lund. This is a good illustration of active shareholders being able to influence corporate policy and restrain abuses. However, today’s announcement, including acceptance by Mr Lund of the revised terms, clearly demonstrates that the original proposal was excessive and unwarranted. It is obvious that insufficient consultation with shareholders had been conducted before the proposed package was announced, as ...
Post Date: December 1, 2014 Read more

BG Group EGM on pay award to new CEO

BG Group - A personal view by ShareSoc director, Mark Bentley BG Group will be holding an EGM on 15th December to consider a resolution to approve a “Conditional Share Award” for newly appointed CEO Helge Lund. Details can be found here: http://www.bg-group.com/assets/files/cms/2014Meeting_ShareholderCircular.pdf Mr Lund’s appointment was announced on 15 October 2014, taking effect from 2 March 2015. He has served as CEO of Statoil, the Norwegian oil and gas company, since August 2004. Prior to Statoil, Mr Lund was the CEO of ...
Post Date: November 27, 2014 Read more

AGM Reports

BG Group (BG.) AGM Report 2013

I attend BG Group’s AGM, which was held at the Hilton Hotel, Reading on 23rd May, at 11:30am. Some shareholders complained about the location (during the Q&A) but the hotel was close to motorway access and I understand that the company provided staff to guide attendees from the station. On arrival by car, I noted good signposting and plenty of BG-badged staff on hand to guide drivers to the hotel car park. The late morning timing was convenient, even for those that had to travel from ...
Post Date: June 16, 2013 AGM Date: May 23, 2013 Author: Mark Bentley Read more

ShareSoc News

ShareSoc Deplores Excessive Pay for BG Group CEO

Post Date: November 28, 2014 Read more