(Alliance News) - Dixons Carphone PLC is facing a backlash from its investors over long-term share awards issued to its Chief Executive Alex Baldock, Sky News reported on Thursday.
The high street electric good retailer, which will have its annual general meeting next Thursday, will face opposition from at least 15% of its investors over it remuneration report, the broadcaster explained.
Shareholders were advised by proxy advisory group Institutional Shareholder Services Inc to vote against the motion.
The row concerns Baldock being granted 1.2 million shares with a value of GBP2.3 million earlier this year as part of a long-term incentive.
Shares in Dixons Carphone were down 1.4% at 105.80 pence each in London on Thursday afternoon, giving the firm a market capitalisation of GBP1.23 billion.