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30 Jun 2022 15:30
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
The proxy figures for the resolutions will also displayed on the Company's corporate website - 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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