REG - Playtech PLC - Result of AGM

PlaytechAnnouncement

30/06/2022 15:30

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RNS Number : 8812Q  Playtech PLC  30 June 2022

Playtech plc (the "Company")

 

Results of Annual General Meeting

 

Playtech plc announces that at its Annual General Meeting (AGM), held today,
30 June 2022, ordinary resolutions nos. 1 to 12 set out in the Notice of
Annual General Meeting dated 27 May 2022, were duly passed by shareholders by
means of a poll vote. Special resolution no. 15 was also passed by
shareholders by means of a poll vote. Special resolutions nos. 13 and 14 did
not meet the required 75% threshold and therefore were not approved.

For information, the votes cast were as follows:

 Resolutions                                       For          % Votes cast  Against     % Votes cast  Total Votes Cast (excl. Votes Withheld)  Votes Withheld

 1.  Report and accounts                           238,126,416  100.00        1,000       0.00          238,127,416                              240,677
 2.  Remuneration Report                           166,001,674  69.67         72,258,663  30.33         238,260,337                              107,756
 3.  Reappoint the auditors                        236,093,157  99.05         2,273,474   0.95          238,366,631                              1,462
 4.  Elect Brian Mattingley                        232,184,978  98.14         4,400,750   1.86          236,585,728                              1,782,365
 5.  Re-Elect Ian Penrose                          218,200,630  91.54         20,167,463  8.46          238,368,093                              0
 6.  Re-Elect Anna Massion                         226,855,320  95.17         11,512,773  4.83          238,368,093                              0
 7.  Re-Elect John Krumins                         236,109,856  99.05         2,258,237   0.95          238,368,093                              0
 8.  Elect Linda Marston-Weston                    238,074,637  99.88         293,456     0.12          238,368,093                              0
 9.  Re-Elect Andrew Smith                         222,540,029  99.84         361,036     0.16          222,901,065                              15,467,028
 10. Re-Elect Moran Weizer                         222,502,194  99.82         398,871     0.18          222,901,065                              15,467,028
 11. Directors Power to allot shares               237,552,435  99.70         709,382     0.30          238,261,817                              106,276
 12. Long term incentive plan                      238,221,238  99.98         40,229      0.02          238,261,467                              106,626
 13. Disapplication of Pre-Emption rights          137,858,941  58.04         99,664,114  41.96         237,523,055                              845,038
 14. Further disapplication of Pre-Emption rights  138,371,845  58.05         99,993,449  41.95         238,365,294                              2,799
 15. Market purchase of own shares                 238,278,383  99.99         32,089      0.01          238,310,472                              57,621

 

 

The Board notes that resolution 2, an advisory vote on the Remuneration
Report, was passed with the necessary majority but received less than 80% of
votes in favour.

Following an extended period of shareholder and stakeholder engagement, the
Remuneration Committee has introduced material changes to the Company's
Remuneration Policy, itself approved at last year's AGM.

Whilst shareholders noted the significant improvement to remuneration, it is
clear that a number of shareholders did not agree with the decision to grant a
one-off share award to the Chief Executive Officer in 2019, which partially
vested in 2021. This award was the result of an extensive shareholder
engagement programme driven by some of the Company's largest institutional
investors. The requisite majority of shareholders voted in favour of the
scheme at a General Meeting in December 2019, with many citing the better
alignment between management and shareholders.

Playtech has already begun engaging with those shareholders who voted against
this resolution and will continue consulting with them to understand their
specific concerns. The Company will provide an update on this in the coming
months in line with the UK Corporate Governance Code.

At 30 June 2022, the issued share capital of the Company was 306,356,693
ordinary shares of no par value (excluding 2,937,550 shares held as treasury
shares).

In accordance with Listing Rule 9.6.2, copies of the resolutions (other than
those concerning ordinary business) will be submitted to the National Storage
Mechanism and will be available for viewing at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

The proxy figures for the resolutions will also displayed on the Company's
corporate website - www.playtech.com (http://www.playtech.com)

 

-  Ends -

 

For further information please contact:

Playtech plc
 
+44 (0) 16 2464 5954

Chris McGinnis, Director of Investor Relations &

Strategic Analysis

 

Headland (PR adviser to Playtech)                     +44
(0) 20 3805 4822

Lucy Legh, Stephen Malthouse, Jack Gault

 

About Playtech

Founded in 1999 and premium listed on the Main Market of the London Stock
Exchange, Playtech is a technology leader in the gambling and financial
trading industries with over 6,600 employees across 26 countries.

Playtech is the gambling industry's leading technology company delivering
business intelligence driven gambling software, services, content and platform
technology across the industry's most popular product verticals, including,
casino, live casino, sports betting, virtual sports, bingo and poker. It is
the pioneer of omni-channel gambling technology through its integrated
platform technology, Playtech ONE. Playtech ONE delivers data driven marketing
expertise, single wallet functionality, CRM and responsible gambling solutions
across one single platform across product verticals and across retail and
online.

Playtech partners with and invests in the leading brands in regulated and
newly regulated markets to deliver its data driven gambling technology across
the retail and online value chain. Playtech provides its technology on a B2B
basis to the industry's leading retail and online operators, land-based casino
groups and government sponsored entities such as lotteries. Playtech directly
owns and operates Snai, the leading sports betting and gaming brand across
online and retail in Italy.

 

 

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