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Cineworld faces revolt by shareholders over £208m share scheme

LTIP for senior bosses called ‘excessive’ as thousands of staff remain on furlough

Britain’s largest cinema chain is facing a shareholder backlash over a scheme that could result in senior bosses being allocated up to £208m in share awards while thousands of staff remain on furlough as all 127 of its UK sites remain closed.

Cineworld’s shareholders are due to vote on a new pay policy and long-term incentive plan (LTIP) at a special meeting next week. The shareholder advisory groups Glass Lewis and ISS have recommended that investors vote against the plans.

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