24th Jul 2020 10:32
(Alliance News) - Britvic PLC on Friday said it has spoken with investors who opposed the re-election of directors William Eccleshare and Ian McHoul at its annual general meeting held on January 31 to understand the reason for their votes.
The FTSE 250-listed soft drinks manufacturer said that despite their other board commitments, it is confident that Eccleshare discharges his role as non-executive director effectively and McHoul does the same in his roles as senior independent director & audit committee chair.
It added it has concluded that they are both active and effective independent non-executive directors and each have sufficient capacity to meet their respective commitments to the company, both in respect of their day to day obligations and at times of increased demand.
"The board recognises investor concerns on the optimal level of director time commitments and will continue to monitor William and Ian's appointments, as it does for all board members. The board remains fully committed to shareholder and broader stakeholder engagement and we welcome ongoing dialogue with all of our investors on this, and indeed any other issue or potential concern," Britvic said.
Shares in Britvic were trading 0.6% lower at 789.00 pence each on Friday morning in London.
By Ife Taiwo; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Britvic