REG - Vistry Group PLC - Update on AGM Voting

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RNS Number : 2347H  Vistry Group PLC  14 November 2025

14 November 2025

 

Vistry Group PLC ('Company' or 'Vistry')

Update on Annual General Meeting advisory vote to approve the Directors'
Remuneration Report

At the Company's annual general meeting ('AGM') held on 14 May 2025, 72.97% of
votes were received in favour of Resolution 2, the advisory vote to approve
the Directors' Remuneration Report.

The Directors' Remuneration Report is set out on pages 126 to 142 of the
Company's 2024 Annual Report and Accounts, Annual Report and Accounts 2024 -
ara-2024-25-all-spreads-v1.pdf
(https://www.vistrygroup.co.uk/pdf-viewer.aspx?gid=345854051&src=%2F%7E%2Fmedia%2FFiles%2FV%2Fvistry-group-v1%2Fdocuments%2Fara-2024-25-all-spreads-v1.pdf)
.

The Board has actively engaged with shareholders both before and after the
AGM, and understands shareholders were concerned with the decision not to
apply malus and clawback to the FY23 bonus and 2021 LTIP vesting outcomes. As
disclosed within the 2024 Annual Report and Accounts, the Remuneration
Committee considered multiple factors, including the quantum of the
adjustment, shareholder experience, pay outcomes for 2024 and the impact of
the cost issues on future awards. The Committee assessed the impact of these
events taking account of its malus and clawback discretionary powers, taking a
holistic approach. The Remuneration Committee weighed up all of these factors
and determined not to exercise discretion to take any action in respect of the
FY23 bonus or 2021 LTIP outcomes.

The Board is grateful to shareholders for their engagement and acknowledges
that through the engagement process shareholders have expressed different
perspectives. The Board remains committed to ongoing shareholder engagement
and will continue to do so to ensure the Company is cognisant of shareholder
views for future remuneration decisions, as well as provide clarity on the
Company's approach to remuneration going forward.

 

Vistry Group PLC

Clare Bates

Chief People Officer, General Counsel & Group Company Secretary
 

01675 437160

 

 

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