Last checked at 20 May 2021 10:00
20 May 2021
888 Holdings Plc
("888" or "the Group")
Results of 2021 Annual General Meeting
888 (LSE: 888), one of the world's leading online betting and gaming companies, is pleased to announce that at its Annual General Meeting held in London on 20 May 2021 all resolutions were passed on a poll by shareholders. The results of the poll votes are as follows. The number of ordinary shares of GBP£0.005 in issue at the date of the AGM was 372,211,964.
Resolution | For | % of Total Votes Cast | Against | % of Total Votes Cast | Vote withheld |
1 To receive the Annual Report & Accounts 2020 | 285,646,879 | 100.00% | 0 | 0.00% | 1,564,548 |
2 To approve the Directors' Remuneration Report (other than that part containing the Remuneration Policy) | 271,974,716 | 94.70% | 15,232,499 | 5.30% | 4,212 |
3 To approve the Remuneration Policy | 215,388,197 | 75.72% | 69,066,028 | 24.28% | 2,757,202 |
4 To elect Jon Mendelsohn as a Director | 286,380,682 | 99.71% | 830,745 | 0.29% | 0 |
5 To re-elect Anne de Kerckhove as a Director | 271,507,286 | 94.53% | 15,704,141 | 5.47% | 0 |
6 To re-elect Mark Summerfield as a Director | 272,332,175 | 94.82% | 14,879,252 | 5.18% | 0 |
7 To elect Limor Ganot as a Director | 287,206,542 | 100.00% | 923 | 0.00% | 3,962 |
8 To re-elect Itai Pazner as a Director | 286,379,759 | 99.71% | 831,668 | 0.29% | 0 |
9 To elect Yariv Dafna as a Director | 285,613,565 | 99.44% | 1,597,862 | 0.56% | 0 |
10 To appoint Ernst and Young LLP and EY Limited, Gibraltar, as the Company's Auditors | 287,133,778 | 99.97% | 77,649 | 0.03% | 0 |
11 To authorise the Audit Committee to agree the remuneration of the Auditors | 287,194,855 | 100.00% | 11,001 | 0.00% | 5,571 |
12 To declare a final dividend of 10.4 cents per ordinary share payable on 24 May 2021 to those shareholders on the register of members of the Company at close of business on 26 March 2021 | 287,211,427 | 100.00% | 0 | 0.00% | 0 |
13 To declare an additional one-off dividend of 1.6 cents per ordinary share payable on 24 May 2021 to those shareholders on the register of members of the Company at close of business on 26 March 2021 | 287,211,427 | 100.00% | 0 | 0.00% | 0 |
14 To renew the Directors' authority to issue shares, as set out in the Notice of Meeting | 283,289,622 | 98.63% | 3,921,805 | 1.37% | 0 |
15 To authorise the Directors to make market purchases of the Company's ordinary shares, as set out in the Notice of Meeting | 285,756,110 | 99.98% | 66,625 | 0.02% | 1,388,692 |
16 To renew the Directors' authority to allot equity securities for cashwithout first offering them to shareholders, as set out in the Notice of Meeting | 286,276,786 | 99.71% | 833,041 | 0.29% | 101,600 |
17 To renew the Directors' authority to allot equity securities for cashin connection with an eligible acquisition or specified capital investment without first offering them to shareholders, as set out in the Notice of Meeting | 286,220,776 | 99.66% | 990,651 | 0.34% | 0 |
Statement regarding AGM Resolution 3: To approve the Remuneration Policy
The Board thanks shareholders for their support for the Directors' Remuneration Policy (Resolution 3), and notes that approximately 24% of votes cast opposed the resolution.
There was extensive engagement with shareholders in early 2021 regarding the proposed Directors' Remuneration Policy. Amendments were made to the proposals to reflect feedback and the Board understood that while the majority of shareholders consulted were supportive, a minority had concerns about the proposed increase to annual bonus.
The Board will review and consider shareholder feedback received as it implements the new policy.
- Ends -
Enquiries and further information:
888 Holdings Plc | +350 200 49 800 |
Itai Pazner, Chief Executive Officer Yariv Dafna, Chief Financial Officer Vaughan Lewis, Chief Strategy Officer | |
Company Secretary
Investor Relations
Media |
Corporate.Secretary@888holdings.com
ir@888holdings.com
888@hudsonsandler.com |
Hudson Sandler Alex Brennan Bertie Berger Andy Richards | +44(0) 207 796 4133 |
About 888 Holdings Plc:
888 Holdings plc (and together with its subsidiaries, "888" or the "Group") is one of the world's leading online betting and gaming companies. 888's mission is to develop state-of-the-art technology and products that provide fun, fair and safe digital gambling products to players globally. Safer gambling is a core focus for the Group and, at the beginning of 2020, 888 launched its 'Safer. Better. Together' safer gambling strategy and commitments.
888 has been at the forefront of the online gaming industry since its foundation in 1997, leveraging its proprietary technology to provide players and B2B partners an innovative and world-class online gaming experience.
In 2020, the company was proud to be recognised at the 2020 Gaming Intelligence awards as the winner in the Casino Operator of the Year category. In 2020, 888 also won two prestigious awards for its poker platform at the 2020 Poker Listings Operator Awards in the Most Improved Software and Best Beginner Software categories.
The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands in a safe and responsible manner.
888's consumer facing websites offer more than just online betting and gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888's strong and trusted brands are all accessible through www.888.com.
Find out more about 888 at http://corporate.888.com/.