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LONDON - London Stock Exchange Group plc (LSE:LSEG) issued a statement Wednesday updating shareholders on its engagement efforts following the May 1 Annual General Meeting where the Directors’ Remuneration Report received 69.6% approval.
The company said it has continued discussions with shareholders regarding the implementation of its Remuneration Policy, with particular focus on the 2025 Long Term Incentive awards. According to the statement, these engagements confirmed that "the large majority of shareholders continue to support the recommendations of the Remuneration Committee."
The update comes in accordance with Provision 4 of the Financial Reporting Council’s 2024 UK Corporate Governance Code, which requires companies to provide updates when significant opposition to resolutions occurs at shareholder meetings.
LSEG expressed appreciation to shareholders who participated in the engagement process and indicated it would "reflect on the feedback received." The company plans to publish a final update in its 2025 Annual Report.
The statement follows corporate governance best practices for companies that receive less than 80% support on AGM resolutions, requiring them to explain how they have addressed shareholder concerns.
The information was released through the Regulatory News Service (RNS) of the London Stock Exchange.
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