March 23, 2017 / 2:24 PM / 8 months ago

BRIEF-Crest Nicholson investors vote against directors' pay report

March 23 (Reuters) - Crest Nicholson Holdings Plc:

* 182,831,307 votes cast for approving directors’ remuneration policy, while 7,357,089 votes cast against at AGM

* 77,359,078 votes cast for approve directors’ remuneration report, while 107,344,963 votes cast against at AGM

* Note that our remuneration policy continues to be well supported with a 96 pct in favour vote

* Are disappointed advisory vote for this year’s remuneration report was not carried

* Understand from dialogue with investors ahead of AGM that main area of concern relates to pretax profit per share targets for 2017-2019 LTIP

* During course of this year, will engage with shareholders and will discuss remuneration arrangements and next year’s LTIP targets Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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