Wednesday 4 May 2016 3:52 pm

Ian King is clearly his shareholders’ bae (and they also like their divis)

Shareholders at the BAE Systems AGM today clearly hadn't got the memo about there being a shareholder spring in the making, passing all of the company's 20 resolutions with a comfy margin.

In particular, those voting passed the remuneration report at the defence and security company with 94.9 per cent approval. 

In-line with the company's annual report, chief executive Ian King stands to pocket £2.9m for his efforts in 2015, although this is a substantial lightening of the wallet compared to the prior year's £3.5m.


Meanwhile, chairman Sir Roger Carr was paid a total of £650,000 for 2015.

Another resolution the shareholders, perhaps unsurprisingly, seeming very keen on was the payment of the final dividend, which was passed with 100 per cent approval. 

Commenting on the company's year so far at the AGM, King said: "While economic and geopolitical conditions remain volatile, we have started the year with good momentum and the business is performing well. In 2016 and beyond, we are well placed to continue to generate attractive returns for shareholders."

Shares in the company are currently trading up 0.8 per cent at 480.1p.

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