Playtech PLC Result of AGM (3274O)

TIDMPTEC

RNS Number : 3274O

Playtech PLC

16 May 2018

Playtech plc (the "Company")

Results of Annual General Meeting

Playtech PLC announces that at its Annual General Meeting (AGM), held today, 16 May 2018, resolutions set out in the Notice of Annual General Meeting dated 12 April 2018, were duly passed by shareholders by means of a poll vote, with the exception of the Annual Report on Remuneration.

Disclosure under E.2.2 of the UK Corporate Governance Code (the "Code")

Ahead of the AGM, Playtech conducted an in-depth shareholder engagement programme in order to better understand shareholders' objections to specific parts of the remuneration policy.

In what is a highly active and dynamic sector, Playtech's Remuneration Committee has sought to balance the parameters of a publicly listed company's remuneration policy with the need to retain and incentivise its leadership team.

The Company has considered the reasons for the results of today's meeting, reflected in the voting results regarding the remuneration report and the re-election of John Jackson, the Chairman of the Remuneration Committee and Alan Jackson, Chairman of the Board, and will take these into account in the implementation of its remuneration policy going forwards. Playtech intends to review the composition of its Remuneration Committee and discussions are also underway with potential candidates to join the Board as a non-executive director.

Alan Jackson, Group Chairman, said: "We have listened to our shareholders and we understand their concerns. We are committed to working with shareholders to address the issues raised going forward".

For information, the votes cast were as follows:

 
    Resolutions           For       % Votes     Against     % Votes      Total        Vote 
                                      cast                    cast       Votes       Withheld 
                                                                          Cast 
                                                                         (excl. 
                                                                         Votes 
                                                                       Withheld) 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 1. Report 
  and accounts        230,164,829    99.14      2,002,357    0.86     232,167,186    649,645 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 2. Remuneration 
  Report              93,840,469     40.62    137,203,120    59.38    231,043,589   1,773,241 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 3. Reappoint 
  the auditors        230,488,566    99.00      2,327,666    1.00     232,816,232      598 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 4. Final Dividend    232,516,831    99.87        300,000    0.13     232,816,831       0 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 5. Re-Elect 
  Paul Hewitt         219,251,456    94.17     13,565,369    5.83     232,816,825       6 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 6. Re-Elect 
  John Jackson        132,808,224    57.04    100,008,600     42.96   232,816,824       6 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 7. Re-Elect 
  Claire Milne        217,974,487    93.62     14,842,338    6.38     232,816,825       6 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 8. Re-Elect 
  Andrew Thomas       217,134,372    93.26     15,682,453    6.74     232,816,825       6 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 9. Re-Elect 
  Alan Jackson        150,654,280    64.83     81,725,415    35.17    232,379,695    437,135 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 10. Re-Elect 
  Andrew Smith        232,085,076    99.69        731,749    0.31     232,816,825       6 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 11. Re-Elect 
  Mor Weizer          232,133,548    99.71        683,277    0.29     232,816,825       6 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 12. Authority 
  to allot shares     230,564,144    99.03      2,247,181    0.97     232,811,325     5,506 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 13. Disapply 
  pre-emption 
  rights              220,864,771    94.87     11,946,403    5.13     232,811,174     5,656 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 14. Purchase 
  own shares          231,979,986    99.69        715,635    0.31     232,695,621    121,209 
-------------------  ------------  --------  ------------  --------  ------------  ---------- 
 

At 16 May 2018, the issued share capital of the Company was 317,344,603 ordinary shares of no par value.

In accordance with Listing Rule 9.6.2, copies of the resolutions 12, 13 and 14 will be submitted to the National Storage Mechanism and will be available for viewing at www.morningstar.co.uk/uk/nsm

The proxy figures for the resolutions will also displayed on the Company's corporate website -www.playtech.com

- Ends -

For further information, contact:

 
 Playtech plc 
  Mor Weizer, Chief Executive 
  Officer 
  Andrew Smith, Chief Financial 
  Officer 
  c/o Headland 
 
  James Newman, Head of 
  Investor Relations & 
  Corporate Communications         [phone] 
 Headland Consultancy 
  Lucy Legh, Stephen Malthouse     [phone] 
 

About Playtech

Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a market leader in the gambling and financial trading industries.

Playtech is the gambling industry's leading software and services supplier to many of the world's leading regulated online, retail and mobile operators, land-based casino groups, government sponsored entities such as lotteries and new entrants opening operations in newly-regulated markets. Its business intelligence-driven gambling software offering includes casino, live casino, bingo, poker and sports betting.

It is the pioneer of omni-channel gambling which, through Playtech ONE, offers operators and their customers a seamless, anytime, anywhere experience across any product, any channel (online, mobile, retail) and any device using a single account and single wallet. It provides marketing expertise, sophisticated CRM solutions and other services for operators seeking a full turnkey solution. Playtech's Financials Division, named TradeTech Group, operates both on a B2C and B2B basis.

Playtech has in total c.5,000 employees across 17 countries.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 16, 2018 10:56 ET (14:56 GMT)