23rd Dec 2020 12:42
Informa PLC - London-based business publisher and events organiser - New directors' remuneration policy passes at general meeting held Wednesday with 59% of votes cast in favour and 41% opposed, an unusually high opposition to such shareholder motions. Votes representing just under 78% of total voting rights were cast at the meeting. Informa says it has consulted widely with shareholders on the new remuneration policy and what it has dubbed its 'equity revitalisation plan'. This is a restricted share plan that Informa says places focus on long-term equity ownership, arguing that it aligns Informa "colleagues" with shareholders and motivates the senior management team.
A "range of different technical, policy and principled reasons" meant some shareholders couldn't support the final plan, Informa says, but it will continue to engage with all shareholders to provide "reassurance" that the plan "is the right approach".
Current stock price: 538.60 pence
Year-to-date change: down 37%
By Tom Waite; [email protected]
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