Sky on notice after chunky vote against CEO share scheme

Thu, 17 Oct 2019

Sky Network Television chief executive Martin Stewart was put on notice by disgruntled shareholders today, with a sizeable vote against the share scheme of his pay package. The key vote to effectively sign-off on the in-principle deal with New Zealand Rugby reached over the weekend passed with 99.9 percent support, and the equity component of Sky TV's RugbyPass acquisition also received a strong endorsement with 98.4 percent voting in favour. Both transactions dilute existing shareholdings, with NZ Rugby getting 21.8 million shares and Rug...

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