Aegis investors should vote against Bollore -RREV

LONDON, May 12 (Reuters) - Shareholders in British media buyer Aegis (AEGS.L: Quote, Profile, Research, Stock Buzz) should vote against the request by its largest investor Vincent Bollore for two board seats as they would not be independent, a corporate governance group said.

French financier Bollore has requested a vote at the company's Annual General Meeting on May 23 to propose two nominees to the board despite four previous rejections.

Bollore is also the biggest shareholder and chairman of French advertising group Havas (EURC.PA: Quote, Profile, Research, Stock Buzz) and has said his two nominees would bring more experience and fresh blood to the board.

Aegis has said the proposals represent an unacceptable conflict of interest.

Research, Recommendations and Electronic Voting said it believed the conflict of interest was real and said a divided board would not be conducive to shareholders' interest in general.

It also noted that Aegis had outperformed the sector over the past five years and had positive broker forecasts.

"Whilst we recognise that shareholders may wish to be represented on the Board and that this is common in situations where there is a large shareholder, in this case RREV considers the conflict of interest that arises due to Vincent Bollore's interest in Havas SA to be a decisive issue," the group said. (Reporting by Kate Holton; Editing by Quentin Bryar)