Imperial Brands PLC Withdrawal of AGM resolution (2056V)
January 26 2017 - 3:17AM
UK Regulatory
TIDMIMB
RNS Number : 2056V
Imperial Brands PLC
26 January 2017
26 January 2017
Imperial Brands PLC Directors' Remuneration Policy
The notice of annual general meeting (AGM) of Imperial Brands
PLC (the Company) to be held on Wednesday 1 February 2017 includes
at resolution 3 a proposal to adopt a new Directors' Remuneration
Policy which amends the existing Directors' Remuneration Policy
(the Proposal).
Following consultations with shareholders, the Company announces
that it no longer intends to seek shareholders' approval for the
Proposal at the AGM and that the Directors' Remuneration Policy and
its associated metrics as approved by shareholders at the AGM held
in 2015 will continue to apply.
Chairman Mark Williamson said: 'We have been actively engaging
with shareholders for some time and while we received considerable
support, it is clear that views have changed over that time and
that the right course of action now is for the Board to withdraw
the resolution.
'The Board continues to believe that revising the policy is
necessary for retaining and attracting the right calibre of talent
to ensure the continued sustainable growth of the business and we
will reengage with shareholders to reach a consensus on this
important issue.'
ENDS
Notes to editors
Imperial Brands, a FTSE 100 company headquartered in Bristol in
the UK, is the parent company of a dynamic international business
specialising in tobacco and non-tobacco brands. Its five distinct
entities are Imperial Tobacco, Tabacalera, ITG Brands, Fontem
Ventures and Logista.
Investor Contacts Media Contacts
+44 (0)7970 +44 (0)117
Peter Durman 328 903 Simon Evans 933 7375
+44 (0)7964
Matt Sharff 110 921
This information is provided by RNS
The company news service from the London Stock Exchange
END
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