3rd Apr 2014 05:59
LONDON (Alliance News) - Shareholders of Sports Direct International PLC have rejected a GBP72.5 million bonus package for the company's s founder, deputy Chairman and biggest shareholder, Mike Ashley, The Financial Times wrote Wednesday.
Sports Direct, the UK's biggest sports goods retailer by revenue, cancelled plans for a vote on the deal, after the proposal did not gather enough shareholder support, according to The FT.
The package was due to be put to a vote on Friday.
The sports firm is said to be planing to seek approval for a new share bonus scheme, which would be voted on at the company's annual general meeting in September.
http://www.ft.com/cms/s/0/d0ef3fdc-ba47-11e3-aeb0-00144feabdc0.html#axzz2xncJ9W6s
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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