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Playtech PLC (PTEC)

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Thursday 30 June, 2022

Playtech PLC

Result of AGM

RNS Number : 8812Q
Playtech PLC
30 June 2022
 

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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