26th Mar 2018 16:30
The company said over 52% shareholders voted against the remuneration policy and, as a result, it has not been passed.
There was a significant minority vote of more than 20% against the reappointment of remuneration committee members, Edward Haslam, Mark Arnesen and Mark Bankes, the company added.
"The company regularly engages with our major shareholders and proxy advisors for their input on, but not limited to, matters of remuneration. We are disappointed with the results of today's advisory vote against the Remuneration Policy. We will continue to proactively consult with our shareholders and proxy advisors to ensure their feedback is better understood and implemented where appropriate," Chief Executive Andrew Pardey said.
Centamin plans to undertake a full review of its remuneration policy in 2018.
Shares in the company were trading 1.1% higher at
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Centamin PLC