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BRIEF-AMP Says 50 Per Cent Of Board Has Left Or Has Signalled Intent To Leave

Published 10/05/2018, 01:24 pm
Updated 10/05/2018, 01:30 pm
© Reuters.  BRIEF-AMP Says 50 Per Cent Of Board Has Left Or Has Signalled Intent To Leave
AMP
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May 10 (Reuters) - AMP Ltd AMP.AX :

* 50 PER CENT OF BOARD HAS LEFT OR HAS SIGNALLED INTENT TO LEAVE

* "SEARCH FOR A NEW CEO IS PROGRESSING WELL"

* "BASED ON THE PROXY POSITION ON THE REMUNERATION REPORT, WE EXPECT TO RECEIVE OUR FIRST STRIKE ON THIS MATTER"

* AMP -RECOGNISE MANY SHAREHOLDERS HAVE VOTED AGAINST REMUNERATION REPORT... ACKNOWLEDGE OTHERS HAVE CONCERNS ABOUT NEW REMUNERATION FRAMEWORK

* "WILL CONSIDER SPECIFIC FEEDBACK ON THE REMUNERATION REPORT, AS WELL AS WIDER CONCERNS, WHEN DELIBERATING HOW TO PROGRESS"

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