Vistry Group PLC - Notes 45% of shareholders at its general meeting vote against the approval of revised policy, alongside 45% against approving the ammendments to the revised policy. Says ahead of the meeting, the board and the remuneration committee ‘consulted extensively’ with shareholders on proposed revised directors’ remuneration policy, which it says was designed ‘following the significant enlargement of the business and to incentivise the creation of shareholder value over the long-term’. Adds: ‘The board is grateful to shareholders for their engagement and acknowledges that through the engagement process shareholders expressed different perspectives. The company remains committed to ongoing shareholder engagement and will continue to do so to ensure that the company understands shareholders’ views and is able to consider feedback, as well as to provide clarity on the company’s approach to remuneration going forward.’

Current stock price: 772.00 pence, up 2.3%

12-month change: down 1.8%

Copyright 2023 Alliance News Ltd. All Rights Reserved.