REG - GVC Holdings PLC - 2018 Annual General Meeting Results

EntainAnnouncement

06/06/2018 16:00

RNS Number : 5503Q
GVC Holdings PLC
06 June 2018
 


6 June 2018
 
 
 
GVC Holdings PLC
("GVC", the "Company")
 
2018 Annual General Meeting ("AGM") Results
 
At GVC's AGM held in Gibraltar today, all resolutions as set out in the Company's notice of AGM dated 23 April 2018, were approved. 
 
The proxy votes lodged in respect of the AGM resolutions were as follows:
 




Ordinary Resolutions


Total


For


Against


Withheld




Number


Votes Cast


Number


% of shares voted


Number


% of shares voted


Number




 
1. To receive the Company's annual report and
audited accounts for the year ended 31 December 2017
 


409,252,054


404,493,317


98.84


4,758,737


1.16


11,778




2. To approve the Directors' remuneration report for 2017


408,787,238


229,161,012


56.06


179,626,226


43.94


476,595




3. To re-appoint the auditor


407,786,751


402,622,632


98.73


5,164,119


1.27


1,477,081




4. to authorise the Directors to agree the auditor's  remuneration


407,794,695


401,427,941


98.44


6,366,754


1.56


1,469,138




 
5. To re-elect Jane Anscombe
 


409,250,226


362,213,923


88.51


47,036,303


11.49


13,606




6. To re-elect Paul Bowtell as a Director


409,246,894


401,332,397


98.07


7,914,497


1.93


16,939




7. To re-elect Kenneth Alexander as a Director
 


409,248,105


406,129,281


99.24


3,118,824


0.76


15,728




 
8. To re-elect Karl Diacono as a Director
 


407,025,396


363,291,106


89.26


43,734,290


10.74


2,238,436




9. To re-elect Lee Feldman as a Director


403,869,833


366,258,625


90.69


37,611,208


9.31


5,393,999




10. To re-elect Peter Isola as a Director


406,921,232


233,619,521


57.41


173,301,711


42.59


2,342,601




11. To re-elect Stephen Morana as a Director


409,165,868


368,397,544


90.04


40,768,324


9.96


97,964




12. To re-elect Will Whitehorn as a Director


409,239,365


368,353,062


90.01


40,886,303


9.99


24,468




 
13. To approve an update to the share allotment authority
 


409,228,484


351,235,948


85.83


57,992,536


14.17


35,349




Special Resolutions


 


 


 


 


 


 




 
14. To approve the disapplication of pre-emption rights
 


405,874,480


404,810,787


99.74


1,063,693


0.26


3,389,353




15. To renew the Company's share buy-back authority


409,196,102


407,276,432


99.53


1,919,670


0.47


67,730




16. To approve amendments to the articles of association


409,217,188


408,191,596


99.75


1,025,592


0.25


46,645




 
Note: As at 6 June 2018 GVC has 578,017,139 ordinary shares of €0.01 each in issue and the total number of voting rights is 578,017,139.
 
In response to the number of votes cast against Resolution 2 being defeated, GVC's Remuneration Committee Chair, Jane Anscombe said:
 
"The Remuneration Committee notes and is of course disappointed by the vote on Resolution 2.  We acknowledge this feedback and thank those shareholders who have already spoken with us and explained their reasons for not being able to support this resolution.  We have sought to balance the views we have heard from shareholders with the clear need to appropriately reward and retain our successful management team, and we are committed to continuing this dialogue with our shareholders."
 
In response to the voting result for Resolution 10, GVC's Chairman, Lee Feldman said:
 
"The Board has been made aware through communications during the voting process of shareholder concerns relating to Peter Isola's perceived independence.  To address these concerns Peter will step down with immediate effect from the Remuneration Committee and we will engage with dissenting shareholders on this issue after we have reviewed the voting analysis."
 
- ends -
 
 
LEI: 213800GNI3K45LQR8L28
 
 
For further information:




GVC Holdings PLC


 




Kenneth Alexander, Chief Executive


 




Paul Bowtell, Chief Financial Officer


 




 


 




Nick Batram, Director of Investor Relations & External Communications


 




Paul Tymms, Head of Investor Relations


(investors@gvc-plc.com)




 


 




Media enquiries:


 




Buchanan Communications


 




David Rydell/Henry Harrison-Topham/Chris Lane


Tel: +44 (0) 20 7466 5000




About GVC
GVC Holdings PLC is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector.  The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, PartyCasino and partypoker. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK's largest high street bookmaker, with over 3,500 betting shops.  The Group, incorporated in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 20 countries, across five continents.
 
For more information see the Group's website: www.gvc-plc.com




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