At the firm’s annual general meeting, it said 19.43% of shareholder votes were made against the pay deal.
Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million). The FTSE 100 group, which sells its robotic technology to retailers around the world and also has an online supermarket joint venture with Marks & Spencer, put forward a new remuneration policy and performance share plan as its previous scheme comes to an end this year. According to a stock market filing from Ocado, 19.43% of votes cast at the meeting opposed the remuneration policy and 19.38% of votes cast opposed the group's 2024 performance share plan.
Supermarket prices were 3.2% higher than a year ago in April, according to analysts Kantar.