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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Conygar meeting passes pay vote, although a quarter of investors fail to back board

Just to tidy up a loose end from Thursday relating to property investment group Conygar.

To recap, private investors had been annoyed by the company paying out a total of £12.8m to its directors in salaries and bonuses over the past five years.

But despite a protest element at its annual meeting all the resolutions were passed. The key one to accept the remuneration report received an 83.23% vote in favour.

However if the abstentions are included, they show that 26% of shareholders did not support the motion. Not exactly a ringing endorsement.....

Conygar's shares have dipped 1p to 96p.

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