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Centamin pay deal disputed
THE shareholder spring continued at yesterday’s Centamin annual general meeting when shareholders voted down the gold miner’s bonus plans.
Some 63 per cent of voters were against adopting the remuneration report, which partially waived the targets on which management bonuses would be based.
Despite the backlash, the FTSE 250 company has no plans to change the pay deal, blaming political instability in Egypt for a recent share slump.