13th Aug 2021 18:01
System1 Group PLC - marketing and brand consultancy based in London - Shareholders show frustration with director pay at annual general meeting Friday.
Over 23% of shareholders vote against approval of directors' remuneration report, while over 27% vote against authorisation to amend the terms of outstanding awards granted under company's long term incentive plan. Also, over 34% of shareholders vote against the authorisation to amend the terms of the outstanding award granted under company's non-employee plan.
Earlier Friday, provides a trading update for its annual general meeting. Says total revenue in the quarter ended June 30 was GBP6.5 million, consistent with the previous quarter and 38% above the equivalent pandemic-impacted period the previous year. Data products represented 28% of revenue in the first quarter, the company says, up from 15% in the final quarter of the previous financial year.
Guides double-digit sales growth year-on-year in the first half, despite a quiet start to the second quarter in the US. Expects data products income to account for one third of company revenues in the first half overall.
Current stock price: 320.00 pence, down 4.5% on Friday
Year-to-date change: up 80%
By Paul McGowan; [email protected]
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