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Almost A Third Of ICG Shareholders Vote Against 2019 Remuneration Report

By Dave Simpson

29.34% of Irish Continental Group (ICG) shareholders have voted against the Irish Ferries operator's remuneration report for the year that ended on December 31, 2019.

Additionally, 20.63% of shareholders voted against independent non-executive director Brian O'Kelly, who is the chairman of ICG's remuneration committee, being reappointed to the group's board.

"A Clear Understanding"

The Irish Independent quotes ICG as saying, "As part of ongoing engagement with shareholders ahead of the AGM, the board received feedback from a number of shareholders and has a clear understanding of their views and expectations.

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"In the period ahead, the board will review all feedback from shareholders and build on past practice and continue its programme of engagement with shareholders on this and other matters."

Trading Update

The news follows the publication of a new ICG trading update earlier this week, which revealed that the group's revenue decreased 21.6% year-on-year during the six months that ended on June 30 to €130.8 million.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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