Shareholders at UK housebuilder Bellway have expressed their disapproval at the company's decision to award bonuses to its top executives last year, in a rare example of investors at a UK-listed company voting down pay incentives for senior members of staff.

The vote against over £630,000 (€697,639) in bonuses awarded to the group's top three executives to the year ending July 31, came at Bellway's annual general meeting today, with 60% voting to express their disapproval.