LONDON, May 6 (Reuters) - Some 30% of Ocado shares
voted at its annual investor meeting on Wednesday opposed the
online supermarket and technology group's pay report, it said on
Wednesday.
Ahead of the meeting some shareholders and investor advisory
groups had highlighted what they regarded as excessive awards
for Ocado's executives in 2019, including total remuneration of
58.7 million pounds ($72.6 million) for co-founder and CEO Tim
Steiner.
Ocado said 29.76% of votes cast at the AGM were against the
resolution to approve the directors' remuneration report, while
70.24% were in favour.
(Reporting by James Davey, Edited by Paul Sandle)
Ocado (OCDO)