8th May 2018 17:21
LONDON (Alliance News) - FTSE 250-listed William Hill PLC shareholders showed their displeasure at director pay at the company's annual general meeting on Tuesday.
The number of shareholders who voted to approve the annual report on remuneration was 69%. The bookmaker saw 181 million shareholders vote against the report on remuneration. The low approval rating continues a trend of shareholders protesting over director's pay.
Shares in William Hill closed up slightly at 280.27 pence each.
At the Unilever PLC annual general meeting last Thursday the vote to approve the directors' remuneration policy passed with a 64% majority, by far the lowest 'for' vote at the AGM. The vote in favour of the company's remuneration report was much higher, at 97%.
Last Wednesday, Inmarsat PLC, Pendragon PLC and Ocado Group PLC also experienced shareholder backlash over director remuneration.
Satellite communications provider Inmarsat PLC shareholders rejected its remuneration report approval resolution, with 58% of voting shareholders voting against the remuneration report. Last year, 49% of shareholders voted against the remuneration report.
Pendragon shareholders on Wednesday voted 83% in favour to approve the annual report on remuneration for the year ended 2017. This was second lowest 'for' vote at the AGM.
Ocado's AGM on Wednesday saw its shareholders vote 84% in favour to approve the directors' remuneration report, also the second lowest 'for' vote to take place.
Related Shares:
InmarsatWMH.LUnileverOcado