11th Jun 2019 16:26
(Alliance News) - Hansteen Holdings PLC said Tuesday it will look to engage with dissenting investors on their concerns after a significant minority voted against its remuneration policy and the re-election of its chair.
At its annual general meeting earlier on Tuesday, 27% of votes cast were against the remuneration policy. This still left 73% in favour of the policy.
Meanwhile, 37% of votes cast were against the re-election of Chair Melvyn Egglenton.
The property firm explained it "notes" these two votes and both Egglenton and Non-Executive Director David Rough will be "consulting with the larger shareholders to understand their concerns."
Shares in the real estate investment trust were 1.1% higher at 97.30 pence in London on Tuesday.
Related Shares:
HSTN.L