23rd Dec 2019 10:25
(Alliance News) - HomeServe PLC on Monday said it has engaged with shareholders who voted against the remuneration report at the company's annual general meeting back in July.
HomeServe said the Remuneration report was supported by a substantial majority of shareholders but received less than 80% votes in favour, as the vast minority of shareholders had concerns around payments made to two directors who left in 2018.
During the latter half of 2019, the FTSE 250-listed home emergency repairs firm said it consulted with shareholders on changes to remuneration policy, which will be put to a vote at the 2020 annual general meeting.
As part of its proposals, HomeServe said the policy would be amended to specify that if notice is served to an executive director, this will commence at the date of announcement and therefore allow for no more than 12 months' pay from the date of announcement.
HomeServe shares were trading 0.5% higher in London on Monday at 1,274.00 pence each.
By Evelina Grecenko; [email protected]
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