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One-third of Barclays investors fail to back pay plan

Reuters - UK Focus

LONDON, April 24 (Reuters) - More than one-third of Barclays (Berlin: BCY.BE - news) Plc's shareholders failed to back the British bank's pay policy at its annual shareholder meeting on Thursday.

Barclays (LSE: BARC.L - news) said 24 percent of shareholders who voted opposed its remuneration report, and including withheld votes the share of investors failing to back the plan was 34 percent.

Standard Life (LSE: SL.L - news) said it had voted against Barclays' pay after the bank paid out 2.4 billion pounds ($4 billion) in bonuses last year, up 10 percent on 2012 despite a one-third drop in profits. ($1 = 0.5960 British Pounds) (Reporting by Steve Slater; Editing by Clare Hutchison)