Gvc Share Discussion Threads

[fizzypop] 21/11/2017 16:56

Yes, a little crowing and preening is justified WH. Good luck with bottom fishing on GSK.

[woodhawk] 21/11/2017 16:16

Indeed, we caught tthe bottom of that dip pretty bang-on, didn't we, fizzy!!

[fizzypop] 21/11/2017 16:00

So much idle speculation, meanwhile the share price looks like it might end up 1% on the day, having reached 930p or up 8% since its recent low at 861p.

[rhuvaal2] 21/11/2017 15:10

KA may have said "he is not in talks" but how long would you expect such a statement to last.... a few days, or a month ?

[srpactive] 21/11/2017 15:10

CM

They virtually have.

Can you post the rns that states we approached LADs, or was is
just unsubstantiated media talk?

[cheshiremoggie] 21/11/2017 15:06

Thanks Woodhawk.

I have no objection to anyone putting their opinions out on these boards but, personally, I think the best contributions are by those who can make reasoned cases for their arguments rather than just random leaps of unsubstantiated fantasy.

We dont actually know who these company leaders are talking to, day to day, but for me to be impressed a theory has to make sense.

Clearly, GVC was talking to LADS and seems to have made at least one offer - strange as the FOBT issue hangs over everything.

I think quite a few here would like to settle down for a number of increasing dividend payments before another massive integration effort.

The announcement I'd really like to see from GVC right now is the one announcing that the CURRENT integration was complete!

CM.

[srpactive] 21/11/2017 14:55

W

Why do you say that, discussing stocks is not that, now
come on, lets not get silly.

I just feel the bricks and mortar operators need to be alot more
busy in the online market as that is the future and as for the
US, partypoker was the big player before the ports act.

As for lam I only mentioned it as another poster mentioned pfc
to me, and you were there, I thought a friendly name to post with.

[srpactive] 21/11/2017 14:54

CM

Definitely not.

And fair points which I accept, on another point about talks, the media
has stated many times we approached LADS in the Summer, can you
post the RNS from gvc stating that as I cannot find it.

[woodhawk] 21/11/2017 14:53

CheshireMoggie,

Well-reasoned points above. Unfortunately, srpactive seems to have become little more than a serial ramper these days - if you look at his post here and in HGM, LAM, etc, you'll see.

[noujay] 21/11/2017 14:42

Personally I don't see stars a goer. Sports is the key driver of any deal as far as previous statements go so I'd think it's Lads, Hills or possibly 888 as it has more US possibilities.Personally none of the above would suit with plenty of organic growth and specials.

[cheshiremoggie] 21/11/2017 14:37

AS to the remuneration - GVC management have proved (so far) to be completely exceptional. They deserve the best pay for both the jobs they have done so far and also to ensure that they are not poached by others.

If another company offers KA better terms and he leaves (taking half his team with him no doubt) where would that leave a rudderless GVC?

CM.

[speedsgh] 21/11/2017 14:29

...cont'd

ADBP: Corporate events [pg33]
In the event of a takeover, scheme of arrangement or winding-up of the Company, the Annual & Deferred Bonus Plan Awards will vest early in full, unless the Board otherwise decides...

LTIP: Corporate events [pg36]
In the event of a takeover, scheme of arrangement, or winding-up of the Company, the LTIP Awards will vest early. The proportion of the LTIP Awards which vest shall be determined by the Board taking into account, among other factors, the period of time the LTIP Award has been held by the participant and the extent to which any applicable performance conditions have been satisfied at that time.

[noujay] 21/11/2017 14:28

First meeting of the remuneration committee after the latest appointed independent director. I hope they keep this team highly incentivised and in for the long haul. I feel certain they will!

[speedsgh] 21/11/2017 14:25

...cont'd

New Remuneration Arrangements

CEO:
• Base salary of £750,000 for 2018 (2.5% rise – average employee rise >3%);
• No pension allowance;
• Participation in the new GVC Holdings PLC Annual and Deferred Bonus Plan for the
current 2017 Financial Year ending 31 December 2017. In anticipation, and subject to shareholder approval, the Committee set EBITDA targets for the 2017 Financial Year. This approach has the added benefit of consistency across our reward framework for 2017 whereby our CFO, Paul Miles and other members of the senior management team participate in a bonus arrangement. Full details will be disclosed in this year’s Directors’ Remuneration Report;
• First grant under the GVC Long Term Incentive Plan in 2017 subject to shareholder
approval;
• 400% of salary minimum shareholding requirement;
• 12 month notice period with the only entitlement being to fixed pay over the notice period and including a duty to mitigate loss. Removal of any commitment under the new incentive plans to treat the executive as a good leaver.

[speedsgh] 21/11/2017 14:16

Notice of EGM -

"...The [current] Directors’ Remuneration Policy, other than in relation to the new incentive plans, is the same as the current Directors’ Remuneration Policy approved by shareholders at the Company’s Annual General Meeting (“AGM”) on 20 June 2017..."

"...The current Directors’ Remuneration Policy was formally approved by shareholders at the Company’s 2017 AGM and received a 90.17% vote in favour. The Directors’ Remuneration Policy approved at the 2017 AGM did not have any incentive elements (other than the annual bonus for the new CFO), because of the subsisting options granted under the Company’s legacy plan which do not vest in full until August 2018. At the time of the 2017 AGM the Committee felt that reviewing and proposing a new
incentive structure for approval in early 2017 would have been premature, particularly given the ever evolving executive remuneration environment..."

"...The original intention was to put to shareholders a revised Remuneration Policy including new incentive arrangements at the 2018 AGM. However, the Committee now wishes to implement the new incentive plans for the year ending 31 December 2017 reflecting:-
• the Committee’s desire to implement remuneration arrangements which are in line with corporate governance best practice as soon as possible;
• to ensure that awards under the proposed GVC Holdings PLC 2017 Long Term Incentive Plan are in place prior to the full vesting of the options granted under the legacy plan to provide ongoing incentivisation and retention.

Shareholder approval would have been sought earlier in the year had the process not been delayed by a period of corporate activity during which the Committee did not feel that it was appropriate to consult with shareholders on remuneration..."

"Since admission to the Main Market in February 2016, the Company has seen an increase in total shareholder return of 96%. This level of success has been driven by our small high performing executive team whose retention is crucial to the continued success of the business. In addition, given the international focus of the online gaming industry and relatively small talent pool across both public and private companies, a competitive level of remuneration is critical to the retention of this exceptional team. The Committee is mindful of the current executive pay environment and therefore will ensure that exceptional levels of reward will only be paid for maintaining exceptional levels of performance over the longer term.

As a Company incorporated outside the UK there is no requirement to comply with the Directors Disclosure Regulations and in particular the binding vote on remuneration, however the Company has decided to do so in line with best practice corporate governance."

[srpactive] 21/11/2017 14:02

Okay, no ceo is talking.

[popper joe] 21/11/2017 13:54

Reminds me of the oft mis-quoted comment from Dennis Skinner in The Houses of Parliament when he said, whilst gesturing to the Tories, that half of the people on that side of the house are crooks. When told by The Speaker to retract he said OK half of the people on that side of the house are not crooks!

[cheshiremoggie] 21/11/2017 13:14

srp,

So you think one of the CEOs (Amaya and GVC) is lying about talks?

CM.

[woodhawk] 21/11/2017 12:43

Personally, I'd be very pleased if that was the case, mylands. Unless there's a successful bid for GVC in the interim, I guess we won't know for sure until next February at the earliest.

[mylands] 21/11/2017 12:20

The RNS has this line:

'These resolutions are being proposed following a consultation with the Company's largest shareholders'

Looks like they have the backing of the 4 major shareholders accounting for over 30%. They must have told a good story. I'm betting that LCL is off the agenda.