Vodafone CEO, CFO to Give Up 20% of Share Incentive on Low Stock Price

Date : 07/10/2019 @ 11:47AM
Source : Dow Jones News
Stock : Vodafone Group PLC (VOD)
Quote : 20.58  0.04 (0.19%) @ 7:35PM

Vodafone CEO, CFO to Give Up 20% of Share Incentive on Low Stock Price

Vodafone (LSE:VOD)
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By Adria Calatayud

 

Vodafone Group PLC's (VOD.LN) Chief Executive Nick Read and Chief Financial Officer Margherita Della Valle have requested a 20% reduction in their share-incentive awards due to the low value of the company's share price.

The FTSE 100-listed telecommunications company said Wednesday this change was requested to reflect the low valuation of its share price following a reduction over the year.

Vodafone's shares have lost 30% of their value over the past twelve months.

Shares at 1009 GMT were down 1.2% at 132.24 pence.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

July 10, 2019 06:32 ET (10:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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