REG - PZ CUSSONS PLC - Further re 2021 AGM voting results

PZ CussonsAnnouncement

20/05/2022 10:30

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RNS Number : 1703M  PZ CUSSONS PLC  20 May 2022

20 May 2022

PZ CUSSONS PLC

 

2021 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 2021, where resolutions 9 (to re-elect K
Bashforth) and 10 (to re-elect D Kucz) were passed with the necessary majority
but with significant votes against by the independent shareholders.

 

The Board understands that this is primarily attributable to concerns from a
small number of significant shareholders over remuneration targets and NED
share ownership. The Board has engaged with shareholders on these issues and
will continue to do so with a view to balancing the concerns of all
shareholders, some of whom may hold divergent views on particular issues.
The Board continues to keep its remuneration policy under review to ensure it
aligns with regulatory requirements and incorporates feedback from
stakeholders where practicable.

 

For further information contact:

 

 PZ Cussons Plc                                     01614 351000

 Kevin Massie - Company Secretary

 

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