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LocalTapiola Asset Management Ltd

PRI reporting framework 2017

Export Public Responses

You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Outputs and outcomes

Outputs and outcomes

LEA 23. Percentage of (proxy) votes cast

23.1. For listed equities where you and/or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

0 %

Specify the basis on which this percentage is calculated

23.2. Explain your reason(s) for not voting certain holdings

          At the meetings we attended, there was no voting, ie. all resolutions were passed without voting activities.

23.3. Additional information. [Optional]

Our clients or LocalTapiola Mutual funds rarely have a major ownership stake in one specific company. However, when deemed beneficial we attend companies' general meetings on behalf of our clients and funds and cast votes on issues, which we find important, if there are any resolutions that require voting. We do not actively use proxy voting services. During 2016 we attended 12 AGMs, all in Finland. None of these AGM's had resolutions that would have required voting, or where voting would have been demanded. Ie we did not cast any votes. In one of the AGM's our representative (portfolio manager) was elected as the Scrutinizer of the Minutes.

LEA 24. Proportion of ballot items that were for/against/abstentions

24.1. Indicate if you track the voting instructions that you and/or your service provider on your behalf have issued.

24.4. Additional information. [Optional]

We do not buy (proxy) voting services or use any third parties.

LEA 25. Shareholder resolutions (Private)

LEA 26. Examples of (proxy) voting activities (Not Completed)