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PZ Cussons PLC - Manchester-based manufacturer of personal care brands - Issues explanation for why at least 20% of shares cast votes against the re-election of two directors at its annual general meeting in November. Says reason are concerns from a small number of "significant shareholders over remuneration targets and non-executive director share ownership". Firm ensures it has engaged with shareholders on these issues and will continue to do so. "The board continues to keep its remuneration policy under review to ensure it aligns with regulatory requirements and incorporates feedback from stakeholders where practicable," PZ Cussons adds.
At its annual general meeting in November, 25% of shares cast voted against the re-election of Non-Executive Director Kirsty Bashforth and 22% of shares cast voted against re-electing Non-Executive Director Dariusz Kucz.
Current stock price: 203.00 pence, unchanged on Friday
12-month change: down 22%
By Tom Budszus; tombudszus@alliancenews.com
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