2018 Annual General Meeting Results

RNS Number : 5503Q

GVC Holdings PLC

06 June 2018

 

6 June 2018

GVC Holdings PLC

("GVC", the "Company")

2018 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 23 April 2018, 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 2017	409,252,054	404,493,317	98.84	4,758,737	1.16	11,778
2. To approve the Directors' remuneration report for 2017	408,787,238	229,161,012	56.06	179,626,226	43.94	476,595
3. To re-appoint the auditor	407,786,751	402,622,632	98.73	5,164,119	1.27	1,477,081
4. to authorise the Directors to agree the auditor's  remuneration	407,794,695	401,427,941	98.44	6,366,754	1.56	1,469,138
5. To re-elect Jane Anscombe	409,250,226	362,213,923	88.51	47,036,303	11.49	13,606
6. To re-elect Paul Bowtell as a Director	409,246,894	401,332,397	98.07	7,914,497	1.93	16,939
7. To re-elect Kenneth Alexander as a Director	409,248,105	406,129,281	99.24	3,118,824	0.76	15,728
8. To re-elect Karl Diacono as a Director	407,025,396	363,291,106	89.26	43,734,290	10.74	2,238,436
9. To re-elect Lee Feldman as a Director	403,869,833	366,258,625	90.69	37,611,208	9.31	5,393,999
10. To re-elect Peter Isola as a Director	406,921,232	233,619,521	57.41	173,301,711	42.59	2,342,601
11. To re-elect Stephen Morana as a Director	409,165,868	368,397,544	90.04	40,768,324	9.96	97,964
12. To re-elect Will Whitehorn as a Director	409,239,365	368,353,062	90.01	40,886,303	9.99	24,468
13. To approve an update to the share allotment authority	409,228,484	351,235,948	85.83	57,992,536	14.17	35,349
Special Resolutions
14. To approve the disapplication of pre-emption rights	405,874,480	404,810,787	99.74	1,063,693	0.26	3,389,353
15. To renew the Company's share buy-back authority	409,196,102	407,276,432	99.53	1,919,670	0.47	67,730
16. To approve amendments to the articles of association	409,217,188	408,191,596	99.75	1,025,592	0.25	46,645

Note: As at 6 June 2018 GVC has 578,017,139 ordinary shares of €0.01 each in issue and the total number of voting rights is 578,017,139.

In response to the number of votes cast against Resolution 2 being defeated, GVC's Remuneration Committee Chair, Jane Anscombe said:

"The Remuneration Committee notes and is of course disappointed by the vote on Resolution 2.  We acknowledge this feedback and thank those shareholders who have already spoken with us and explained their reasons for not being able to support this resolution.  We have sought to balance the views we have heard from shareholders with the clear need to appropriately reward and retain our successful management team, and we are committed to continuing this dialogue with our shareholders."

In response to the voting result for Resolution 10, GVC's Chairman, Lee Feldman said:

"The Board has been made aware through communications during the voting process of shareholder concerns relating to Peter Isola's perceived independence.  To address these concerns Peter will step down with immediate effect from the Remuneration Committee and we will engage with dissenting shareholders on this issue after we have reviewed the voting analysis."

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LEI: 213800GNI3K45LQR8L28

For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive
Paul Bowtell, Chief Financial Officer
Nick Batram, Director of Investor Relations & External Communications
Paul Tymms, Head of Investor Relations	([e-mail])
Media enquiries:
Buchanan Communications
David Rydell/Henry Harrison-Topham/Chris Lane	Tel: [phone]

About GVC

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 and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, PartyCasino and partypoker. 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 3,500 betting shops.  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

 

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