13 Apr 2021 15:45
Ashmore Group plc (the "Company")
Update on 2020 AGM voting result
At the Company's Annual General Meeting (AGM), held on 16 October 2020, all resolutions were passed. There was an increase in shareholder support for the Remuneration Report by comparison to the 2019 AGM. However, the vote of shareholders against the Remuneration Policy was 30.84% and the Company announced that it would continue its dialogue with shareholders in order to understand their views.
Following the AGM, the Company has continued to communicate with its shareholders, including those who voted against the Remuneration Policy. The Remuneration Committee discussed the views expressed by investors and, while there is broad based support for Ashmore's flexible and equity-orientated Group-wide remuneration policy, certain corporate governance and proxy adviser teams remain opposed to specific elements of the remuneration policy that, when looked at in isolation, do not conform to generic executive remuneration guidelines. The Company will continue to engage with its shareholders in relation to all aspects of its remuneration arrangements and a further update will be provided in the 2021 Annual Report.
Enquiries to:
Ashmore Group plc
Paul Measday
Investor Relations +44 (0)20 3077 6278
Ashmore (ASHM)