{"id":1605,"date":"2025-12-08T09:16:00","date_gmt":"2025-12-08T09:16:00","guid":{"rendered":"https:\/\/microvibenews.com\/?p=1605"},"modified":"2025-12-08T09:16:00","modified_gmt":"2025-12-08T09:16:00","slug":"anglo-withdraws-resolution-on-incentives-before-teck-takeover-vote","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=1605","title":{"rendered":"Anglo withdraws resolution on incentives before Teck takeover vote"},"content":{"rendered":"<p><\/p>\n<div id=\"textFreeArticle\">\n<p>Anglo American Plc withdrew a resolution on executive incentives, the day before shareholders vote on its takeover of Teck Resources.<\/p>\n<p>Anglo\u2019s remuneration committee last month proposed that long-term incentive awards for 2024 and 2025 \u2014 tied to shareholder returns, cashflow, return on capital and environmental, social and governance measures \u2014 should also be linked to the Teck deal. Under the proposal, a minimum of 62.5% of the awards would have vested on completion of the takeover.<\/p>\n<p>Read: Anglo-Teck deal hinges on troubled copper mine in Chile<\/p>\n<div class=\"visible-sm-block visible-xs-block m1010\">\n<div class=\"ad-container-wrapper\">\n<p>ADVERTISEMENT<\/p>\n<p>CONTINUE READING BELOW<\/p>\n<\/div>\n<\/div>\n<p>That resolution has been withdrawn after concerns raised by shareholders, Anglo said on Monday, adding that the deal isn\u2019t conditional on approval of that resolution.<\/p>\n<p>Read: Anglo-Teck deal clears Canada\u2019s national security rest, Globe reports<\/p>\n<p>Investors of both Anglo and Teck are scheduled to vote on the combination \u2014 creating a $50 billion producer of copper, iron ore, and other metals across multiple continents \u2014 at special meetings in London and Vancouver set for Tuesday.<\/p>\n<p>Read: Anglo target Teck says profits increase 19% in third quarter<\/p>\n<p>When Institutional Shareholder Services last month recommended that investors vote in favour of the deal, it added that it didn\u2019t support the proposed changes to Anglo\u2019s long-term incentive plan tied to the success of the transaction.<\/p>\n<p>Read: Teck cuts copper output at mine that\u2019s key to Anglo deal<\/p>\n<p>\u201cTransaction-related remuneration is not considered good market practice in the UK,\u201d the shareholder advisory firm said.<\/p>\n<p>\u00a9 2025 Bloomberg<\/p>\n<p><em>Follow Moneyweb\u2019s in-depth finance and business news on WhatsApp here.<\/em><\/p>\n<\/p><\/div>\n<p><script data-cfasync=\"false\">\n            !function(f,b,e,v,n,t,s)\n            {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n                n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n                if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n                n.queue=[];t=b.createElement(e);t.async=!0;\n                t.src=v;s=b.getElementsByTagName(e)[0];\n                s.parentNode.insertBefore(t,s)}(window, document,'script',\n                'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n            fbq('init', '779812924991616');\n            fbq('track', 'PageView');\n        <\/script>#Anglo #withdraws #resolution #incentives #Teck #takeover #vote<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anglo American Plc withdrew a &hellip; <\/p>\n","protected":false},"author":1,"featured_media":1606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[1531,1534,1533,833,1535,140,1532],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/1605"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1605"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/1605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/1606"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}