AM Online

Pendragon abandons executive bonus plan

Pendragon has scrapped plans for a one-off executive bonus scheme after opposition from shareholders.

The incentive plan was designed for 100 executives which would get 10% of additional shareholder returns, dividends plus share price appreciation, if the share price goes above a threshold of 110p, according to the Financial Times.

Pendragon said the proposals were only dropped because of "broader market conditions".

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.