888 Holdings plc Result of AGM (2939Z)

TIDM888

RNS Number : 2939Z

888 Holdings plc

20 May 2021

20 May 2021

888 Holdings Plc

("888" or "the Group")

Results of 2021 Annual General Meeting

888 (LSE: 888), one of the world's leading online betting and gaming companies, is pleased to announce that at its Annual General Meeting held in London on 20 May 2021 all resolutions were passed on a poll by shareholders. The results of the poll votes are as follows. The number of ordinary shares of GBPGBP0.005 in issue at the date of the AGM was 372,211,964.

 
 Resolution                        For           % of Total     Against     % of Total    Vote withheld 
                                                  Votes Cast                 Votes Cast 
 1 To receive the Annual 
  Report & Accounts 2020           285,646,879       100.00%            0         0.00%       1,564,548 
                                  ------------  ------------  -----------  ------------  -------------- 
 2 To approve the Directors' 
  Remuneration Report (other 
  than that part containing 
  the Remuneration Policy)         271,974,716        94.70%   15,232,499         5.30%           4,212 
                                  ------------  ------------  -----------  ------------  -------------- 
 3 To approve the Remuneration 
  Policy                           215,388,197        75.72%   69,066,028        24.28%       2,757,202 
                                  ------------  ------------  -----------  ------------  -------------- 
 4 To elect Jon Mendelsohn 
  as a Director                    286,380,682        99.71%      830,745         0.29%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 5 To re-elect Anne de 
  Kerckhove as a Director          271,507,286        94.53%   15,704,141         5.47%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 6 To re-elect Mark Summerfield 
  as a Director                    272,332,175        94.82%   14,879,252         5.18%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 7 To elect Limor Ganot 
  as a Director                    287,206,542       100.00%          923         0.00%           3,962 
                                  ------------  ------------  -----------  ------------  -------------- 
 8 To re-elect Itai Pazner 
  as a Director                    286,379,759        99.71%      831,668         0.29%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 9 To elect Yariv Dafna 
  as a Director                    285,613,565        99.44%    1,597,862         0.56%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 10 To appoint Ernst and 
  Young LLP and EY Limited, 
  Gibraltar, as the Company's 
  Auditors                         287,133,778        99.97%       77,649         0.03%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 11 To authorise the Audit 
  Committee to agree the 
  remuneration of the Auditors     287,194,855       100.00%       11,001         0.00%           5,571 
                                  ------------  ------------  -----------  ------------  -------------- 
 12 To declare a final 
  dividend of 10.4 cents 
  per ordinary share payable 
  on 24 May 2021 to those 
  shareholders on the register 
  of members of the Company 
  at close of business on 
  26 March 2021                    287,211,427       100.00%            0         0.00%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 13 To declare an additional 
  one-off dividend of 1.6 
  cents per ordinary share 
  payable on 24 May 2021 
  to those shareholders 
  on the register of members 
  of the Company at close 
  of business on 26 March 
  2021                             287,211,427       100.00%            0         0.00%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 14 To renew the Directors' 
  authority to issue shares, 
  as set out in the Notice 
  of Meeting                       283,289,622        98.63%    3,921,805         1.37%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 15 To authorise the Directors 
  to make market purchases 
  of the Company's ordinary 
  shares, as set out in 
  the Notice of Meeting            285,756,110        99.98%       66,625         0.02%       1,388,692 
                                  ------------  ------------  -----------  ------------  -------------- 
 16 To renew the Directors' 
  authority to allot equity 
  securities for cash 
  without first offering 
  them to shareholders, 
  as set out in the Notice 
  of Meeting                       286,276,786        99.71%      833,041         0.29%         101,600 
                                  ------------  ------------  -----------  ------------  -------------- 
 17 To renew the Directors' 
  authority to allot equity 
  securities for cash 
  in connection with an 
  eligible acquisition or 
  specified capital investment 
  without first offering 
  them to shareholders, 
  as set out in the Notice 
  of Meeting                       286,220,776        99.66%      990,651         0.34%               0 
                                  ------------  ------------  -----------  ------------  -------------- 
 

Statement regarding AGM Resolution 3: To approve the Remuneration Policy

The Board thanks shareholders for their support for the Directors' Remuneration Policy (Resolution 3), and notes that approximately 24% of votes cast opposed the resolution.

There was extensive engagement with shareholders in early 2021 regarding the proposed Directors' Remuneration Policy. Amendments were made to the proposals to reflect feedback and the Board understood that while the majority of shareholders consulted were supportive, a minority had concerns about the proposed increase to annual bonus.

The Board will review and consider shareholder feedback received as it implements the new policy.

- Ends -

Enquiries and further information:

 
 888 Holdings Plc                          [phone] 
 Itai Pazner, Chief Executive Officer 
  Yariv Dafna, Chief Financial Officer 
  Vaughan Lewis, Chief Strategy Officer 
 
   Company Secretary                         [e-mail] 
 
   Investor Relations                        [e-mail] 
 
   Media                                     [e-mail] 
 Hudson Sandler 
  Alex Brennan 
  Bertie Berger 
  Andy Richards                            [phone] 
 

About 888 Holdings Plc:

888 Holdings plc (and together with its subsidiaries, "888" or the "Group") is one of the world's leading online betting and gaming companies. 888's mission is to develop state-of-the-art technology and products that provide fun, fair and safe digital gambling products to players globally. Safer gambling is a core focus for the Group and, a t the beginning of 2020, 888 launched its 'Safer. Better. Together' safer gambling strategy and commitments.

888 has been at the forefront of the online gaming industry since its foundation in 1997, leveraging its proprietary technology to provide players and B2B partners an innovative and world-class online gaming experience.

In 2020, the company was proud to be recognised at the 2020 Gaming Intelligence awards as the winner in the Casino Operator of the Year category. In 2020, 888 also won two prestigious awards for its poker platform at the 2020 Poker Listings Operator Awards in the Most Improved Software and Best Beginner Software categories.

The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands in a safe and responsible manner.

888's consumer facing websites offer more than just online betting and gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888's strong and trusted brands are all accessible through www.888.com .

Find out more about 888 at http://corporate.888.com/ .

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May 20, 2021 05:00 ET (09:00 GMT)