Heritage Oil Faces Shareholder Revolt on Pay, Telegraph Says

Heritage Oil Plc faces shareholder opposition over executive pay at its June 21 annual meeting after investor groups criticized its policies and urged them to be voted down, the Sunday Telegraph reported.

The Association of British Insurers and Pensions Investment Research Consultants are among critics of the company’s two-year notice period for directors, the newspaper said.

Nick Lambert, spokesman for Heritage, didn’t return a message left outside of office hours.

To contact the reporter on this story: Abigail Moses in London at Amoses5@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net

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