BBA Aviation Talking To Shareholders After Remuneration Backlash

LONDON (Alliance News) - The board of BBA Aviation PLC said Friday it will engage with shareholders, after nearly 40% of shareholders voted against the director's remuneration report at its annual general meeting.

It noted that whilst the remuneration report was passed with the requisite majority, it was "disappointed" to see that there was a significant number of votes opposing the resolution and withheld.

"We have already engaged with certain shareholders to discuss their concerns relating to our Remuneration Report and we will continue to take appropriate steps through our ongoing contact with shareholders to ensure that we fully understand their concerns," the company said in a statement.

Shares in BBA Aviation are trading up 0.8% at 339.40 pence late Friday afternoon.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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