Pay dispute: Plus 500 said two-thirds of participating shareholders objected to its pay report
An online trading platform has suffered its fourth consecutive revolt over bigwig salaries.
At its annual general meeting yesterday, Plus 500 said two-thirds of participating shareholders opposed its remuneration report. While the FTSE 250 firm’s vote was advisory, it is the fourth backlash in as many years.
Three-quarters rejected the salary report last year after rebellions of 55 percent in 2022 and 41 percent in 2021. Regarding the latest results of the Annual General Meeting, Plus 500 said that it consulted with shareholders and the result is taken of the votes “extremely seriously”.
The firm said it will engage with shareholder advisory bodies to “ensure their feedback continues to inform” its approach to governance and remuneration.
Plus 500, which listed in London in 2013, returned £291 million to shareholders last year.