28th Nov 2007 12:31
Regent Inns PLC28 November 2007 28 November 2007 Regent Inns PLC Withdrawal of AGM Resolution to Approve New Executive Incentive Plan The Board of Regent Inns PLC (the "Company") announces that it has decided towithdraw resolution no. 9 (to approve a new Executive Incentive Plan) which wasto have been proposed at the Annual General Meeting ("AGM") convened to be heldon Monday, 3 December 2007. As a result of the current volatility of the market price of the Company'sordinary shares, the Board has concluded that the proposed share price targetswill no longer provide the sharply focussed incentive arrangement originallyintended at the time the Notice of the AGM was printed. Following the withdrawal of resolution no. 9, it is intended that the proposedparticipants (the Company's Executive Chairman, Bob Ivell and its ChiefFinancial Officer, John Leslie) will now receive annual awards under theCompany's Restricted Share Scheme, consistent with the other Executive Directorsand past practice. - Ends - For further information, please contact: Regent Inns PLC 020 8327 2580Jim GloverChairman, Remuneration & Appointments Committee MerlinVanessa Maydon 020 7653 6620Anja Kharlamova This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
REG.L