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easyJet PLC - Luton-based budget airline - Says 26% of shareholders vote against directors' remuneration policy at annual general meeting on Thursday. In addition, 25% vote against approve of restricted share plan. Vote to back directors to allot shares is rejected by 21%. Just under 20% reject motion to authorise company to make political donations and incur political expenditure. On resolutions 2 and 17, in relation to pay and share plans, easyJet says: "The board believes that the updated remuneration policy will not only support long term strategic decision-making and help retain and motivate management to drive the performance of the business as we continue to recover from the pandemic, but will also support the longer term performance of the business including delivering sustainable shareholder value." In addition, easyJet notes it has no present intention to allot shares, nor does it plan to make make political donations or to incur political expenditure.
Current stock price: 727.40 pence
12-month change: up 13%
By Eric Cunha; ericcunha@alliancenews.com
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