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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Foxtons Group Plc | LSE:FOXT | London | Ordinary Share | GB00BCKFY513 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.60 | 2.45% | 66.80 | 66.00 | 67.00 | 68.00 | 65.00 | 65.00 | 452,527 | 15:05:29 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 147.13M | 5.49M | 0.0182 | 36.70 | 201.27M |
TIDMFOXT
RNS Number : 5255E
Foxtons Group PLC
06 November 2020
Foxtons Group plc
("Foxtons" or the "Company")
Statement on 2020 Annual General Meeting Directors' Remuneration Policy Vote
At the Foxtons Group plc (the 'Company') Annual General Meeting (the 'AGM') held on 13 May 2020, Resolution 2, to approve the Directors' Remuneration Policy (the 'Policy'), was approved by a substantial majority of c.78% of shareholders. Furthermore, following the AGM it came to our attention that one of the Company's largest shareholders had been unable to cast all their votes in favour of Resolution 2 due to operational difficulties resulting from Covid-19. Had this shareholder been able to vote as intended, Resolution 2 would have obtained votes in favour of well over 80%.
In preparing the 2020 Directors' Remuneration Policy, the Remuneration Committee carried out an extensive shareholder consultation exercise with its largest shareholders and their representative bodies, the results of which fully are explained in the 2019 Annual Report. Following the consultation exercise some changes were made to the final Policy to reflect shareholder feedback and the Board has a clear understanding of the reasons why some shareholders were not supportive of the Policy. The Board believes the Policy approved at the 2020 AGM is the best structure to provide strong alignment with shareholders' interests in a highly cyclical business such as Foxtons. We therefore still consider this Policy to be in the best interests of the Company and the shareholders, and do not intend to propose further changes to the Policy at the 2021 AGM.
6 November 2020
For further information please contact:
Foxtons Group plc Chris Hough, Company Secretary Muhammed Patel, Investor Relations +44 20 7893 6261 -----------------
LEI: 5493001HCMG6R1MYKC59
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END
RAGFSEFSMESSEDF
(END) Dow Jones Newswires
November 06, 2020 05:33 ET (10:33 GMT)
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