5th Jul 2019 16:13
(Alliance News) - Value & Income Trust PLC said Friday it would consider in "future deliberations" the significant minority of votes cast against the reappointment of a trio of executives including the chair.
At the annual general meeting of the investment trust on Friday, 24% of votes cast were opposed to the reappointment of Chair James Ferguson. Similarly, Non-Executive Directors John Kay and David Smith saw 22% and 17%, respectively, of votes casts against their reappointment.
Value & Income Trust explained their appointment were still passed at the AGM, but after recongising the "significant minority" of votes cast against them the board would "give this due consideration in its future deliberations."
Shares in Value & Income were 1.2% lower at 258.00 pence in London on Friday.
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