An online trading platform has suffered its fourth consecutive revolt over fat-cat pay.
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 pay report last year following rebellions of 55 per cent in 2022 and 41 per cent in 2021. On the latest AGM results, Plus 500 said it consulted with shareholders and takes the outcome of 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 £291million to shareholders last year.
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