![]() The Suffolk-based company reported like-for-like sales fell 1.8pc at its pubs in the 18 weeks to September 1 compared with the same period last year. “The service contracts for all current directors conform to market expectations.”Įarlier Greene King said it had suffered a summer sales slowdown as the FTSE 250 pub owner and brewer struggled to match last year's World Cup boom. “There were specific commercial reasons for the arrangements made (relating to our former CEO’s historic contractual terms and lack of restrictive covenants) and we believe the arrangements were necessary and appropriate to secure the best outcome for the company and its shareholders,” Greene King said. Shareholder advisory firm ISS had recommended that investors lodge a protest vote over the payment to Mr Anand to prevent him joining a rival company after he left in May. The FTSE 250 brewer said it was “disappointed” by the result. Nearly a third of investors voted against the remuneration report at its annual meeting on Friday. ![]() Greene King defended its decision to give former chief executive Rooney Anand an £850,000 payoff after it suffered a shareholder rebellion.
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