2019 Annual General Meeting ("AGM") Results

RNS Number : 2257B

GVC Holdings PLC

05 June 2019

 

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	([e-mail])
Media enquiries:
Buchanan Communications
David Rydell/Chris Lane/Jamie Hooper/Hannah Ratcliff	Tel: [phone]

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 

 

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