REG - GVC Holdings PLC - 2019 Annual General Meeting ("AGM") Results

EntainAnnouncement

05/06/2019 11:00

RNS Number : 2257B
GVC Holdings PLC
05 June 2019
 


5 June 2019
 
 
 
GVC Holdings PLC
("GVC", the "Company")
 
2019 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 1 May 2019, 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 2018
 


462,836,076


462,787,599


99.99


48,477


0.01


272,056




2. To approve the Directors' remuneration report for 2018


462,287,580


268,332,033


58.04


193,955,547


41.96


820,549




3. To re-appoint the auditor


463,074,459


463,004,732


99.98


69,727


0.02


33,673




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


463,082,686


462,837,161


99.95


245,525


0.05


25,445




 
5. To re-elect Pierre Bouchut


463,072,906


461,484,154


99.66


1,588,752


0.34


35,226




6. To re-elect Virginia McDowell as a Director


463,078,715


434,597,962


93.85


28,480,753


6.15


29,417




7. To re-elect Rob Wood as a Director


463,072,594


461,580,284


99.68


1,492,310


0.32


35,538




8. To re-elect Kenneth Alexander as a Director
 


463,079,161


460,894,245


99.53


2,184,916


0.47


28,971




 
9. To re-elect Jane Anscombe as a Director
 


462,687,531


394,225,496


85.20


68,462,035


14.80


420,600




10. To re-elect Lee Feldman as a Director


463,081,239


403,483,778


87.13


59,597,461


12.87


26,890




11. To re-elect Peter Isola as a Director


463,080,023


460,831,270


99.51


2,248,753


0.49


28,109




12. To re-elect Stephen Morana as a Director


463,078,599


434,366,666


93.80


28,711,933


6.20


29,533




 
13. To approve an update to the share allotment authority
 


463,082,386


382,667,824


82.63


80,414,562


17.37


25,746




Special Resolutions




























 
14. To approve the standard disapplication of pre-emption rights authority
 


463,081,483


462,729,138


99.92


352,345


0.08


26,649




15. To approve the specific disapplication of pre-emption rights authority


463,074,444


449,546,460


97.08


13,527,984


2.92


33,687




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


462,957,535


460,682,836


99.51


2,274,699


0.49


150,596




17. To approve amendments to the articles of association


461,247,900


460,217,471


99.78


1,030,429


0.22


1,860,232



 
Note: As at 5 June 2019 GVC has 581,892,495 ordinary shares of €0.01 each in issue and the total number of voting rights is 581,892,495.
 
In response to the number of votes cast against Resolution 2, GVC's Remuneration Committee Chair, Jane Anscombe said:
 
"The Remuneration Committee notes and is naturally disappointed with the vote on Resolution 2.  We engaged extensively with shareholders ahead of the annual general meeting and would like to thank them for their helpful and constructive input.  We understand that some shareholders ultimately felt unable to support the remuneration report, in part due to our legacy arrangements, which going forward no longer form part of our remuneration framework.  We will be engaging with shareholders further in the coming months to listen and reflect on their views on remuneration at GVC.  Looking forward, our remuneration policy is due for renewal at next year's AGM and the Committee will also seek to engage with shareholders during this process."
 
- ends -
 
 
LEI: 213800GNI3K45LQR8L28
 
 
For further information:
 
 



GVC Holdings PLC








Kenneth Alexander, Chief Executive Officer








Rob Wood, Chief Financial Officer








Paul Tymms, Director of Investor Relations & Corporate Communications


(investors@gvc-plc.com)














Media enquiries:








Buchanan Communications








David Rydell/Chris Lane/Jamie Hooper/Hannah Ratcliff


Tel: +44 (0) 20 7466 5000



 
About GVC Holdings PLC:
 
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, Neds and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. 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 3,400 betting shops.  The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US.  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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