London-listed Tremor International has abandoned plans to put revised pay plans to a vote at its AGM on Wednesday after leading shareholders threatened to throw them out, Sky News learns.
Rebekah Brooks, board member of Tremor International and chief executive of News UK, publisher of The Sun and The Times newspapers.A London-listed advertising technology provider, has caved into shareholder pressure and abandoned plans to recalibrate a multimillion pound executive pay scheme.
They related to a repricing of share options and an increase in the amount of stock which could be awarded under the company's equity compensation plans. One source close to the company confirmed that the two resolutions would almost certainly have been defeated given the level of investor unrest at the proposals.
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