8th Oct 2020 20:59
Restaurant Group PLC - London-based chain of restaurants - Notes motions at general meeting to approve directors' remuneration policy and restricted share plan both pass, though face opposition of 37% of shareholders. "We recognise that some shareholders did not support the proposal. We have signalled our intention that the 2021 grant (due to be made in March 2021) will be at the lower level of 100% of salary using the 5-day average closing share price over the period immediately prior to grant, with this lower level intended for subsequent grants. We will continue engaging with our shareholders in the coming months," Chair Debbie Hewitt said.
Current stock price: 54.00 pence
Year-to-date change: down 67%
By Eric Cunha; [email protected]
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