Travis Perkins Addresses Shareholder Concerns Post-AGM

Travis Perkins plc recently issued a statement following shareholder consultations after the 2024 Annual General Meeting (AGM). At the AGM, 79.06% of shareholders voted in favor of the Directors’ remuneration policy, and 76.41% supported the re-election of Jasmine Whitbread as Director. However, Whitbread resigned from the board on 31 May 2024, and Geoff Drabble was appointed as a Non-executive Director & Chair Designate in July. Until Drabble assumes the chair, Jez Maiden serves as Interim Chair.

Consultations revealed dissatisfaction among shareholders with elements of the Company's Restricted Share Plan (RSP). Despite this, Travis Perkins maintains its commitment to the RSP, emphasizing its importance in aligning management and shareholder interests and aiding sustainable business performance. The company plans ongoing dialogue with shareholders on remuneration issues.