Previous Close | 8.86 |
Open | 9.21 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 8.91 - 9.28 |
52 Week Range | 8.39 - 25.45 |
Volume | |
Avg. Volume | 61,424 |
Market Cap | 3.66B |
Beta (5Y Monthly) | 1.70 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.96 |
Earnings Date | Jul 16, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 20.74 |
At the firm’s annual general meeting, it said 19.43% of shareholder votes were made against the pay deal.
The chairman of Ocado has insisted that plans to pay its founder Tim Steiner a bonus worth up to £14.8m are fair, despite a shareholder backlash against the proposals.
LONDON (Reuters) -Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million). The FTSE 100 group, which sells its robotic technology to retailers around the world and also has an online supermarket joint venture with Marks & Spencer, put forward a new remuneration policy and performance share plan as its previous scheme comes to an end this year. According to a stock market filing from Ocado, 19.43% of votes cast at the meeting opposed the remuneration policy and 19.38% of votes cast opposed the group's 2024 performance share plan.