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Pendragon shareholders narrowly approve directors' pay

May 19 (Reuters) - Pendragon shareholders on Wednesday approved all resolutions put forth at the car dealership’s annual general meeting (AGM), narrowly supporting the one on directors’ pay after the company cut thousands of jobs to get through the pandemic.

The British company, which reduced 1,800 jobs last July amid a drastic drop in income due to COVID-19-related lockdowns, said only 57.58% of votes cast in the AGM were in favour of the resolution to approve the directors’ remuneration.

Reporting by Vishwadha Chander and Aby Jose Koilparambil in Bengaluru

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