REG - GVC Holdings PLC - Result of AGM <Origin Href="QuoteRef">GVC.L</Origin>

EntainAnnouncement

20/06/2017 15:20

RNS Number : 6348I
GVC Holdings PLC
20 June 2017
GVC Holdings PLC
("GVC", the "Company")
2017 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 26 April 2017, 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 2016
226,106,777
224,727,274
99.39%
1,379,503
0.61%
1,475,377
2. To approve the Directors' remuneration report for 2016
227,580,260
129,532,003
56.92%
98,048,257
43.08%
1,894
3. To approve the Directors' remuneration policy
227,576,480
205,214,885
90.17%
22,361,595
9.83%
5,674
4. To re-appoint the auditor and authorise the Directors to set the auditor's remuneration 
227,578,095
220,895,114
97.06%
6,682,981
2.94%
4,059
5. To re-elect Paul Miles as a Director
227,582,128
220,414,076
96.85%
7,168,052
3.15%
26
6. To re-elect Will Whitehorn as a Director
227,582,128
227,367,086
99.91%
215,042
0.09%
26
7. To re-elect Kenneth Alexander as a Director
227,582,128
225,243,475
98.97%
2,338,653
1.03%
26
8. To re-elect Karl Diacono as a Director
226,184,548
183,877,603
81.30%
42,306,945
18.70%
1,397,605
9. To re-elect Lee Feldman as a Director
223,512,191
210,318,157
94.10%
13,194,034
5.90%
4,069,963
10. To re-elect Peter Isola as a Director
222,149,658
183,461,548
82.58%
38,688,110
17.42%
5,432,495
11. To re-elect Stephen Morana as a Director
227,525,447
217,526,726
95.61%
9,998,721
4.39%
56,707
12. To re-elect Norbert Teufelberger as a Director
227,443,494
215,861,536
94.91%
11,581,958
5.09%
138,660
13. To approve an update to the share allotment authority
227,579,833
192,963,500
84.79%
34,616,333
15.21%
2,321
Special Resolutions






14. To approve the disapplication of pre-emption rights 
224,111,061
224,091,376
99.99%
19,685
0.01%
3,471,093
15. To renew the Company's share buy-back authority
227,580,585
226,313,128
99.44%
1,267,457
0.56%
1,569
Note:As at 20 June 2017 GVC has 300,668,046 ordinary shares of 0.01 each in issue and the total number of voting rights is 300,668,046.
In response to the number of votes cast against Resolution 2, GVC's Chairman, Lee Feldman said:
"It should be recognised that the remuneration arrangements disclosed in the 2016 Directors' remuneration report were agreed when GVC was AIM-listed and fully disclosed in our 2015 prospectus, with more than 95% of GVC's shareholders approving our long-term incentive plan arrangements in December 2015. In addition, today's result needs to be seen in the context of the large support for resolution 3, GVC's remuneration policy, which is more representative of our current and future philosophy. Acknowledging that investors in FTSE250 companies can have different expectations on executive remuneration, GVC's Remuneration Committee has already embarked on developing a new remuneration policy with its independent remuneration consultant and we have disclosed publicly our aim of consulting with our major shareholders on this matter by October 2017. This process will be led by Jane Anscombe, appointed today an independent Non-executive Director and the new Chair of the Remuneration Committee. Jane will be supported in the consultation by GVC's Senior Independent Director, Will Whitehorn." 
Enquiries:
Robert Hoskin, Company Secretary +350 200 78700
GVC Holdings PLC

This information is provided by RNS
The company news service from the London Stock Exchange
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