Centrica Defeats Minority Vote Against Remuneration Report

By Adam Clark

Centrica PLC (CNA.LN) said Monday that a minority of votes cast at its annual general meeting were opposed to the approval of its remuneration report after a difficult year for the owner of British Gas.

The energy supplier got 85% support for the remuneration report. All other resolutions received support of 91% or more.

In April the company said Chief Executive Iain Conn's pay increased 44% in 2018 to 2.4 million pounds ($3.1 million), despite Centrica missing adjusted earnings forecasts for the year.

Shares at 1446 GMT were up 3.3% at 95.60 pence, topping the FTSE 100 after Centrica reported a rise in revenue for the first four months of the year and maintained its annual guidance.

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

(END) Dow Jones Newswires

May 13, 2019 11:13 ET (15:13 GMT)

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