Cineworld investors approve all resolutions, but support for management pay weakens

© Reuters. FILE PHOTO: People enter a Cineworld cinema following the outbreak of the coronavirus disease near Manchester, Britain, October 4, 2020. REUTERS/Phil Noble/File Photo/File Photo

(Reuters) – Cineworld shareholders approved all the resolutions put forth at the annual general meeting, but support for management pay dwindled after major advisory groups recommended voting against it for being excessive.

The world’s second-largest cinema chain, which sunk to its first-ever loss last year due to the COVID-19 crisis, said 74% of the votes cast in its annual general meeting of shareholders were in favour of a resolution to approve the remuneration policy.

“Following this, the Board will continue its dialogue with shareholders on remuneration matters,” the UK-listed company said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  Britain's AstraZeneca launches $1 billion China investment fund with CICC



Please enter your comment!
Please enter your name here