SSP Group PLC - London-based food and beverage outlet operator, which operates brands such as Upper Crust - Notes 22% of shareholders vote against director remuneration report at annual general meeting. Also sees over 21% of voters against a general meeting, other than an annual general meeting, being called on not less than 14 clear days' notice.
"The board is committed to continuing an open and transparent dialogue with the company's shareholders and engaged extensively with shareholders both prior to the publication of the annual report and ahead of the AGM on the matters set out in our remuneration report. We will continue that engagement, in particular to understand the views of those shareholders who voted against these resolutions to understand any specific concerns on executive pay, allotment authorities and notice periods," company says.
Earlier Friday, reports good start to its financial year, though it noted an impact from the Omicron variant of Covid-19.
In the four-month period from October 1 to January 30, SSP said that group revenue was at 62% of 2019 levels. Group sales in the last eight weeks from December 6 stood at 57% of 2019 levels.
Current stock price: 265.10 pence
12-month change: down 1.4%
By Paul McGowan; paulmcgowan@alliancenews.com
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SSP Group (SSPG)