Remuneration Report Approved With Low Count ~ (IMBBY)
Imperial Brands PLC (IMB.LN) (IMBBY)said Thursday that a resolution to approve the board of directors’ remuneration report, proposed at the annual general meeting, was passed by shareholders but with a relatively low count.
The tobacco company–which houses cigarette Winston, rolling tobacco Golden Virginia and rolling paper Rizla among its brands–said 87% of the total votes cast approved the remuneration report. All other resolutions put forward at the meeting were approved by over 95% of total votes cast. Shares at 1032 GMT were down 6.0 pence, or 0.3%, at 1815.60 pence.
Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics. The Growth Markets segment includes Iraq, Norway, Russia, Saudi Arabia and Taiwan, and also includes Premium Cigar and Fontem Ventures.
The Returns Markets North segment includes Australia, Belgium, Germany, the Netherlands, Poland and the United Kingdom. The Returns Markets South segment includes France, Spain and its African markets, including Algeria, Ivory Coast and Morocco. Its businesses include Tobacco and Logistics. The Tobacco business comprises the manufacture, marketing and sale of tobacco and tobacco-related products. The Logistics business comprises the distribution of tobacco products for tobacco product manufacturers.
Write to Matteo Castia at email@example.com (END) Dow Jones NewswiresFebruary 06, 2020 05:34 ET (10:34 GMT) Copyright (c) 2020 Dow Jones & Company, Inc.