Hansteen share award attacked

Marion Dakers
PROPERTY investor Hansteen Holdings suffered a 30 per cent protest vote against its executive pay plans yesterday as institutional investors showed concerns over potentially unlimited share awards.

This is up from a 16.5 per cent vote against the firm’s remuneration report last year, as part of a long-running disagreement over the FTSE 250 firm’s uncapped long-term incentive programme, set up for the founders when the firm listed.