Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,020.00p
   
  • Change Today:
      35.00p
  • 52 Week High: 4,370.00p
  • 52 Week Low: 2,950.00p
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 17,887
  • Market Cap: £2,926.10m
  • RiskGrade: 147

Renishaw seeks to quell shareholder unrest over pay

By Sean Farrell

Date: Thursday 24 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Renishaw has sought to head off shareholder unrest before its annual general meeting by increasing shareholding requirements and capping share bonuses for new executive directors.
The FTSE 250 engineering company said it had met some big shareholders and governance advisers after objections were raised about its remuneration policy. Shareholders are required to approve the policy in a binding vote at Renishaw's AGM on 30 September.

The policy says executive directors below chief executive level should hold shares worth at least 50% of their salary. Renishaw said this was "significantly below market practice".

The company said when executive directors are appointed in future they will be required to own shares worth at least twice their salary, in line with the rule for the chief executive. It proposed no change to how many shares current executive directors should hold.

The pay policy also allows the company to award long-term incentives to new executive directors with no specific cap. Renishaw said the policy states all incentives will be no more than the market median and that no individual executive director's total pay will exceed the upper quartile.

Renishaw said to reassure shareholders it had agreed that the maximum award would be 200% of salary for the policy's three-year duration.

"The company has engaged with a number of its key shareholders and proxy voting agencies after being made aware of concerns about elements of the policy," Renishaw said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Renishaw Market Data

Currency UK Pounds
Share Price 4,020.00p
Change Today 35.00p
% Change 0.88 %
52 Week High 4,370.00p
52 Week Low 2,950.00p
Volume 17,887
Shares Issued 72.79m
Market Cap £2,926.10m
RiskGrade 147

Renishaw Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.82% below the market average78.82% below the market average78.82% below the market average78.82% below the market average78.82% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
33.91% above the market average33.91% above the market average33.91% above the market average33.91% above the market average33.91% above the market average
43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average
Income
82.35% below the market average82.35% below the market average82.35% below the market average82.35% below the market average82.35% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Growth
2% below the market average2% below the market average2% below the market average2% below the market average2% below the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 3
Sell 1
Strong Sell 1
Total 7
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Renishaw Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Mar-24 02-Nov-23
Paid 09-Apr-24 07-Dec-23
Amount 16.80p 59.40p

Trades for 17-Jun-2024

Time Volume / Share Price
16:00 10 @ 4,020.00p
16:00 10 @ 4,020.00p
15:59 18 @ 4,020.00p
15:59 72 @ 4,020.00p
15:59 43 @ 4,020.00p

Renishaw Key Personnel

CEO William Lee

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