5 Jun 2019 11:00
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."
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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