REG - Flutter Entertainmnt - 2022 AGM Update Statement

Flutter EntertainmentAnnouncement

28/10/2022 09:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221028:nRSb3331Ea&default-theme=true

RNS Number : 3331E  Flutter Entertainment PLC  28 October 2022

 

28 October 2022

Flutter Entertainment plc ("Flutter")

2022 AGM Update Statement

 

At the Company's Annual General Meeting ("AGM") held on 28 April 2022,
Resolution 2, an advisory vote to approve Flutter's Directors' Remuneration
Report was passed with the necessary majority. However, while shareholder
feedback to the consultation was positive, 32.45% of votes received were
against.

 

We understand that a minority of shareholders had concerns with the level of
base salary increases awarded and felt unable to vote in favour of the
resolution on that basis. As disclosed in our 2021 Annual Report, the
Remuneration Committee consulted widely with shareholders during 2021 on
proposals that would bring the remuneration of our Executive team to a level
that is competitive in both the current UK market and the wider international
digital markets in which we now operate. The salary increases made were part
of this plan and the Remuneration Committee and the Board continue to believe
that these measures were appropriate and in the best interests of the Company.

 

The views of our shareholders are important to us and, following the AGM,
Flutter continued to engage with our larger investors to fully understand
their perspective in relation to Executive Director remuneration.  We are
required to put our Remuneration Policy to a shareholder vote at the 2023 AGM
and we have used these conversations to discuss our proposals for a new Policy
and receive feedback which will help shape our final proposals.  Flutter will
provide a final update in the 2022 Annual Report.

 

Enquiries:

Edward Traynor

Company Secretary

+353872232455

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMVDLBLLBLFFBZ