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Aberdeen hit by new rebellion over pay report

ABERDEEN Asset Management was hit by another shareholder rebellion on pay as it provided a mixed update on trading that showed clients have been withdrawing unexpectedly large amounts of funds.

Some 15.7% of shares were voted against the company's remuneration report at its annual investor meeting.

This is down from the 29% who rebelled last year, but still compares to typical opposition of 5.6% to a listed company's pay report, according to data from corporate governance advisor PIRC.