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BRIEF-Drax faces some investor opposition to annual remuneration report
April 13, 2017 / 12:46 PM / 8 months ago

BRIEF-Drax faces some investor opposition to annual remuneration report

April 13 (Reuters) - Drax Group Plc:

* 77.03 percent of votes cast at AGM in favour of approval of directors’ remuneration policy, 22.97 percent of votes cast against

* 66.35 percent votes cast in favor of annual remuneration report at AGM, 33.65 percent against

* Board of directors notes significant number of votes against 2016 directors’ remuneration report and remuneration policy resolutions

* Discussions have already taken place with a number of institutional shareholders who did not support remuneration report or remuneration policy resolutions

* Feedback received will be discussed by remuneration committee in forthcoming meetings and further engagement is expected with shareholders Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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