16th Jan 2020 16:32
(Alliance News) - Diploma PLC on Thursday said a significant minority of investors voted against the company's remuneration resolutions at the annual general meeting held on Wednesday, although all resolutions were approved by shareholders.
The FTSE 250-listed engineering company said 20% of shareholders voted against its remuneration policy and 44% against the remuneration report.
"We acknowledge the concerns that some of our shareholders have expressed in respect of resolutions 11 and 12. We carried out a detailed consultation process on Directors' Remuneration in autumn 2019 and we will continue to consult and engage with our shareholders to better understand their views and we will provide an update within six months," Diploma said in response.
Diploma shares were trading 3.3% higher at 1,907.00 pence each in London on Thursday afternoon.
By Tapan Panchal; [email protected]
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