Whitbread PLC - Dunstable, Bedfordshire-based hospitality firm - At annual general meeting, 36% of shareholders vote against resolution two, to approve the annual report on remuneration.
"We have already had conversations with a number of shareholders regarding the remuneration report and we look forward to ongoing constructive discussions with shareholders over the coming months. We will report on any actions resulting from those discussions in due course," the group stated.
Despite this, all resolutions proposed were passed.
Earlier Thursday, Whitbread says it anticipates a boost in demand and a continued improvement in bookings, though sales still remain below pre-virus levels.
The Premier Inn hotel chain owner remained upbeat over its prospects as lockdown restrictions ease, noting "very strong" booking trends in tourist locations for the summer.
Despite the optimism, Whitbread's first quarter sales were down significantly compared to pre-pandemic levels. Total UK accommodation sales were down 61% in the first quarter, the 13 weeks to May 27, compared to the same period in financial 2020, so the 13 weeks to May 30, 2019.
Current stock price: 3,350.00 pence
Year-to-date change: up 6.0%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Whitbread (WTB)