Shopify shareholders give CEO 40% voting stake - source - Reuters.com

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The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie

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June 7 (Reuters) - Shareholders of Shopify Inc on Tuesday voted in favor of protecting Chief Executive Officer Tobias Lutke's 40% voting stake, a source told Reuters, citing preliminary results from the e-commerce firm's annual shareholder meeting.

The company, which in May reported its slowest quarterly revenue growth since going public in 2015, will also carry out a 10-for-one split of the company's class A and class B shares after investors voted for it, the person familiar with the matter said.

Shopify announced the stock split in April, joining a growing list of companies that have split their shares to make them more attractive for investors. read more

Other stock split announcements this year came from e-commerce giant Amazon.com Inc (AMZN.O), Google-parent Alphabet Inc (GOOGL.O) and Apple Inc (AAPL.O). Tesla Inc (TSLA.O) also had said it would seek shareholder approval for a stock split. read more

U.S.-listed shares of Shopify were up 4.7% at $377.5.

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Reporting by Tiyashi Datta and Akash Sriram in Bengaluru; Editing by Maju Samuel

Our Standards: The Thomson Reuters Trust Principles.

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