Bloomberg News

Nine Percent of Premier Shareholders Opposed Pay, Telegraph Says

May 19, 2012

Nine percent of Premier Oil Plc (PMO)’s shareholders voted against the company’s compensation report at this week’s annual general meeting, the Daily Telegraph reported, without saying where it got the information.

ShareSoc, which represents private investors in the U.K., recommended shareholders oppose the pay resolution, the newspaper said. Mark Bentley, a director at ShareSoc, questioned the oil and gas explorer’s “incredible” level of pay awards at the meeting, it said.

To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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