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Almost half of Vistry shareholders have voted against executive pay policy

Housebuilder Vistry has indicated it may reconsider its current bonus policy following a revolt by shareholders.

At its annual meeting yesterday, almost half of shareholders voted against its remuneration plans for long-term bonus payments.

Vistry, which owns Bovis Homes, is led by chief executive Greg Fitzgerald, who was paid nearly £2.5m last year, more than half a million of which came as a bonus.