Share Name Share Symbol Market Type Share ISIN Share Description
Gvc Holdings Plc LSE:GVC London Ordinary Share IM00B5VQMV65 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -9.60p -1.14% 834.00p 833.80p 834.40p 839.60p 829.20p 835.80p 723,838 11:30:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2,935.2 -18.9 -12.2 - 4,853

GVC Holdings PLC 2019 Annual General Meeting ("AGM") Results

05/06/2019 11:00am

UK Regulatory (RNS & others)


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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      Number        % of      Number 
                                                      shares                  shares 
                                                      voted                   voted 
                        ------------  ------------  --------  ------------  --------  ---------- 
 
   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 EUR0.01 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."

- ends -

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    (investors@gvc-plc.com) 
 
Media enquiries: 
Buchanan Communications 
David Rydell/Chris Lane/Jamie Hooper/Hannah Ratcliff                   Tel: +44 (0) 20 7466 5000 
 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 05, 2019 06:00 ET (10:00 GMT)

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