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PZC Pz Cussons Plc

104.00
-0.40 (-0.38%)
12 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pz Cussons Plc LSE:PZC London Ordinary Share GB00B19Z1432 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -0.38% 104.00 104.40 105.00 106.80 102.20 106.80 1,826,199 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Soap And Other Detergents 656.3M 36.4M 0.0849 12.37 450.16M

PZ CUSSONS PLC 2023 AGM Voting Results Update Statement

10/05/2024 10:00am

RNS Regulatory News


RNS Number : 9765N
PZ CUSSONS PLC
10 May 2024
 

Logo Description automatically generated

 

10 May 2024

PZ CUSSONS PLC

 

2023 AGM VOTING RESULTS UPDATE STATEMENT

 

In accordance with Provision 4 of the Corporate Governance Code, PZ Cussons today provides an update in respect of the results of its Annual General Meeting (AGM) held on 23 November 2023, where resolution 3 (to approve the Directors' Remuneration Policy) was passed with the necessary majority but with more than 20% votes against by shareholders.

 

The Directors' Remuneration Policy was proposed after thorough engagement and consultation with major shareholders led by the Chair of the Remuneration Committee. The Board understands that the votes against were primarily attributable to the adoption of a Restricted Share Plan (RSP) where a number of shareholders expressed opposing views during consultation. The Committee had provided an explanation in the Directors' Remuneration Report of the reasons for the migration to a RSP plan, which included a need to provide competitive variable pay for its senior leadership and to align the interests of the executive with the long term interests of our shareholders.

 

The Committee's view is that it has acted in the best interests of the Company and all its stakeholders, however the Committee will keep in mind the views expressed by shareholders on this issue as it plans for future amendments and renewals of the Directors' Remuneration Policy.

 

For further information please contact:

 

Investors

Simon Whittington - IR and Corporate Development Director      +44 (0) 77 1137 2928

 

Media

Headland PZCussons@headlandconsultancy.com             +44 (0) 20 3805 4822

Susanna Voyle, Stephen Malthouse, Charlie Twigg

 

Notes to editors

 

About PZ Cussons

PZ Cussons is a FTSE250 listed consumer goods business, headquartered in Manchester, UK. We employ nearly 3,000 people across our operations in Europe, North America, Asia-Pacific and Africa. Since our founding in 1884, we have been creating products to delight, care for and nourish consumers. Across our core categories of Hygiene, Baby and Beauty, our trusted and well-loved brands include Carex, Childs Farm, Cussons Baby, Imperial Leather, Morning Fresh, Original Source, Premier, Sanctuary Spa and St.Tropez. Sustainability and the wellbeing of our employees and communities everywhere are at the heart of our business model and strategy, and captured by our purpose: For everyone, for life, for good.

 

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