Ryanair Reports 30% Votes Against Re-Election Of Chairman Bonderman

LONDON (Alliance News) - Ryanair Holding PLC on Thursday said Chairman David Bonderman was ...

Alliance News 20 September, 2018 | 11:24AM
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LONDON (Alliance News) - Ryanair Holding PLC on Thursday said Chairman David Bonderman was re-elected with 70.5% of votes, compared to 89% votes in favour last year.

Meanwhile, Chief Executive Michael O'Leary was supported by 98.5% of shareholders, slightly down from 99% of votes in favour that he get last year.

Ryanair shares were trading 0.3% lower on Thursday at EUR13.72 each.

According to the media reports, several investors, including Royal London Asset Management and Britain's Local Authority Pension Fund Forum, said that they will vote against Bonderman's re-election, citing Ryanair's poor treatment of staff and the need for the company's board renewal.

During the year, the company saw a series of industrial actions across Europe, organised by its cabin crew and pilot unions, who tried to push for better pay and conditions for their members.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Ryanair Holdings PLC 10.11 EUR 0.90 -
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