Blog posts

Levelling the Playing Field

One of ShareSoc's objects is "to ensure equal treatment for all shareholders". We are therefore rather disappointed when, as happens all too frequently, companies issue announcements like the one from Crest Nicholson today: The announcement was issued at 7am this morning and announces an event for analysts and investors taking place on the same day. It is clear that this event is not open to ordinary individual shareholders. Selected analysts and favoured institutional shareholders will undoubtedly have been invited well in advance. ...

Crest Nicholson Lose Pay Vote

Builder Crest Nicholson (CRST) lost the Remuneration Report vote at their AGM yesterday with 58% opposed (107 million votes against plus another 5 million withheld on a 74% turnout). This may be the first of a number in this year's AGM season. However they won the Remuneration Policy vote. The company expressed their disappointment on the advisory vote on the Remuneration Report and suggested it was profit before tax target for the 2017-19 LTIP. They reduced the target because they do not ...