Backlash against SABMiller pay plan
Fin24 - Jul 22nd 2011, 10:27
London - Brewer SABMiller suffered a backlash from investors when 16% of shareholders voting at the company's annual shareholder meeting opposed last year's pay awards to directors.
Holders of some 219 million shares voted against director remuneration, while owners of 1.2 billion shares were in favour with 24 million withheld, a statement from the company showed on Thursday.
The average vote against remuneration reports last year was 5.6%, according to shareholder advisory group PIRC which has compiled data from a sample of 500 company meetings.
One of the biggest revolts this year was at budget airline EasyJet, where over 55% of votes, including those of top shareholder and company founder Stelios Haji-Iaoannou, were either cast against the directors' remuneration report or withheld.
Shares in SABMiller, which earlier on Thursday reported a rise in first-quarter beer volumes, were up 0.1% to 2317 pence in London in afternoon trade.
Distell and AB Inbev square off in booze showdown
13/09/2019 - 10:28
Exclusive branding arrangements with liquor outlets and agreements with sports stadiums took centre stage at Competition Tribunal hearings on Thursday, into Distell's accusation that Anheuser-Busch InBev (AB InBev) is contravening the conditions of its 2016 merger with SABMiller.
Consumers drink while retailers keep the tills active and lights on
10/09/2019 - 11:19
One in five South Africans is unemployed and economic growth remains anaemic, but retailers manage to grow, demonstrating that they still have some defensive qualities.
The SA liquor market is changing - these are the new favourites, says expert
21/08/2019 - 09:05
The way South Africans are consuming liquor is changing from traditional, heritage brands to modern, urban, "idiosyncratic" brands, according to Rowan Leibbrandt, founder of fine liquor merchants Truman & Orange.
#WomensMonth: The art of brewing with a woman’s touch
19/08/2019 - 13:36
SAB which boasts 57% of women brewers in South Africa, believes Women’s Month provides the perfect opportunity for our country to reflect on how far we have come in changing the perception of women and beer. Since prehistoric times, the important responsibility of brewing beer was almost always undertaken by women in a community, but since the industrial revolution in the 18th Century, it has become more of a male-dominated industry. Now is the time for women to take their power back and reassume their rightful place as society’s leading brewmasters.
SA's best-loved beers revealed at Sunday Times Lifestyle Beer Awards
05/08/2019 - 14:24
CBC Amber Weiss was officially announced as South Africa’s Most Loved Beer at the Sunday Times Lifestyle Beer Awards in partnership with Makro on 2 August 2019, at an event in Johannesburg to celebrate the creators and retailers of local and internationally crafted beers.