Owners directors questioned
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Investors yesterday questioned directors of Owners Abroad about the pounds 1.5m compensation paid to Howard Klein, Roger Allard and Geoffrey Stone who resigned from the board of the holiday company last summer after a profits warning, writes John Shepherd.
However, Michael Julien, who replaced Mr Klein as chairman, said that while he had inherited the contracts, the company did not pay out as much as it might have done. On trading, he said the winter programme met expectations and market share had been held.
The company had overcome uncompetitive first-edition pricing on summer holidays and its market share, below 10 per cent before Christmas, recovered to 14 per cent in January and February.
Owners shares, down 6p before the meeting, ended 1p lower at 117p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments