Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

UPDATE: Homeserve Shareholders Revolt Over Remuneration Policy

Fri, 19th Jul 2019 12:29

(Alliance News) - Homeserve PLC said a substantial amount of shareholders voted against one of its resolutions at its annual general meeting held earlier on Friday.

At the FTSE 250 home improvements group's annual general meeting, resolution two, which proposed the remuneration report had 31% of shareholders vote against it.

Homeserve said it was aware that advisory firm Institutional Shareholder Services recommended voting against the report due to concerns over payments made in respect of the exit of former Homeserve UK CEO Martin Bennett and Group Chief Operating Officer Johnathan Ford.

The group said that the termination payments were made in line with its remuneration policy, that although their departures were announced before the start of their notice periods, this was to help facilitate an orderly handover of responsibilities.

Despite the opposition, resolution two was passed alongside the others.

Homeserve said it acknowledges the feedback from shareholders, and will consult with them during its current financial year ending March 2020 to help with reviewing its remuneration policy.

Earlier Friday, Homeserve said year-to-date trading was in line with guidance and predicted strong growth in the full year.

Looking ahead, Homeserve said its business remains "highly seasonal", and expects trading to be weighted towards the second half.

Homeserve will publish its interim results on November 19.

Shares in Homeserve were up 0.9% at 1,145.00 pence on Friday midday.

Related Shares

More News
4 Jan 2023 10:48

IN BRIEF: Homeserve confirms completion of Brookfield takeover

Homeserve PLC - Walsall, England-based home emergency repairs provider - Confirms the completion of takeover by Brookfield Infrastructure Partners LP....

28 Dec 2022 18:30

Johnson Matthey to replace outbound Homeserve in FTSE 100

(Alliance News) - Johnson Matthey PLC will return to the FTSE 100 as part of index changes stemming from the buyout of home repairs company Homeserve ...

21 Dec 2022 17:44

TRADING UPDATES: Homeserve takeover sanctioned; Ariana finds nickel

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

14 Dec 2022 11:49

TOP NEWS: Homeserve says conditions for takeover by Brookfield met

(Alliance News) - Homeserve PLC on Wednesday said all conditions have been satisfied for its proposed GBP4.08 billion takeover by Brookfield Infrastru...

6 Dec 2022 21:50

TRADING UPDATES: 7digital loan pact; Okyo Pharma files with SEC

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.