Playtech PLC Result of AGM (1606Z)

TIDMPTEC

RNS Number : 1606Z

Playtech PLC

15 May 2019

15 May 2019

Playtech plc (the "Company")

Results of Annual General Meeting

For information, the votes cast were as follows:

 
 Resolutions                       For       % Votes    Against     % Votes     Total Votes      Votes Withheld 
                                               cast                   cast       Cast (excl. 
                                                                               Votes Withheld) 
 1. Report and 
  accounts                     198,803,380    99.27     1,453,000    0.73          200,256,380      436,831 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 2. Remuneration 
  Policy                       118,149,127    59.05    81,937,009    40.95         200,086,136      607,074 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 3. Remuneration 
  Report                       114,928,838    58.20    82,541,555    41.80         197,470,393     3,222,817 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 4. Reappoint 
  the auditors                 195,542,989    97.56     4,899,682    2.44          200,442,671      250,539 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 5. Final Dividend             200,440,157   100.00         3,000    0.00          200,443,157      250,054 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 6. Re-Elect John 
  Jackson                      154,163,046    85.64    25,842,624    14.36         180,005,670     20,687,541 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 7. Re-Elect Claire 
  Milne                        165,665,672    91.72    14,948,557    8.28          180,614,229     20,078,982 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 8. Elect Susan 
  Ball                         197,381,606    98.47     3,061,477    1.53          200,443,083      250,128 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 9. Elect Ian 
  Penrose                      196,893,961    98.23     3,549,063    1.77          200,443,024      250,187 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 10. Elect John 
  Krumins                      200,321,638    99.94       119,086    0.06          200,440,724      252,487 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 11. Elect Anna 
  Massion                      200,323,197    99.94       119,160    0.06          200,442,357      250,854 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 12. Re-Elect 
  Alan Jackson                 123,573,254    64.23    68,813,340    35.77         192,386,594     8,306,616 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 13. Re-Elect 
  Andrew Smith                 200,218,199    99.89       224,825    0.11          200,443,024      250,187 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 14. Re-Elect 
  Moran Weizer                 200,322,204    99.94       119,320    0.06          200,441,524      251,687 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 15. Authority 
  to allot shares              196,172,113    97.87     4,271,007    2.13          200,443,120      250,091 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 16. Disapplication 
  of Pre-Emption 
  rights                       180,186,243    90.03    19,960,519    9.97          200,146,762      546,449 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 17. Further disapplication 
  of Pre-Emption 
  rights                       177,491,182    88.68    22,655,520    11.32         200,146,702      546,508 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 18. Market purchase 
  of own shares                200,168,095    99.89       221,295    0.11          200,389,390      303,820 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 19. Articles 
  of Association 
  (Articles 164 
  - 169)                       200,310,273    99.94       123,551    0.06          200,433,824      259,387 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 20. Articles 
  of Association 
  (Article 15.1(g)             200,310,273    99.94       122,768    0.06          200,433,041      260,170 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 21. Articles 
  of Association 
  (Article 95)                 180,480,478    90.04    19,953,479    9.96          200,433,957      259,254 
                              ------------  --------  -----------  --------  -----------------  --------------- 
 

Resolutions 2, 3 & 12

Since last year's AGM the Company has conducted an extensive shareholder engagement and consultation process on remuneration. As a result of this process, and reflecting shareholder feedback, we made a number of changes to the Company's Remuneration policy and approach. With the majority of shareholders voting in support of the new Directors' Remuneration Policy and the Directors' Remuneration Report, we believe the results reflect significant progress.

Regarding Resolution 12, which was also supported by a majority of shareholders, as announced on 11 April 2019, an orderly succession process is currently underway to identify a new Chairman for the Group. This follows the evolution of the Board's composition over the last year, with the appointment of four new non-executive directors, which was led by our Chairman, Alan Jackson.

However, we recognise that the vote against these resolutions was more than 20% and we will continue to engage with investors on these important issues to make further progress.

In line with the provisions of the 2018 UK Corporate Governance Code, we will provide an update on the views received from shareholders on these issues and actions taken in response no later than in six months' time.

On 15 May 2019, the issued share capital of the Company was 309,294,243 ordinary shares of no par value.

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 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 please contact:

 
 Playtech plc 
 
  Chris McGinnis, Director of Investor Relations 
  and Strategic Analysis 
                                                    [phone] 
  James Newman, Director of Corporate Affairs                  5954 
 
 Headland (PR adviser to Playtech) 
                                                    [phone] 
  Stephen Malthouse, Chloe Francklin                           4822 
 
 

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 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. As of June 2018, through the acquisition of Snaitech, Playtech directly owns and operates the leading sports betting and gaming brand in online and retail in Italy, Snai. Snaitech operates a B2B2C model as a service provider to franchisees in the retail market while operating the leading brand, Snai directly online as a B2C business.

Playtech's Financials Division, named TradeTech Group, is a technology leader in the CFD and financial trading industry and operates both on a B2B and B2C basis.

Playtech has in total c.5,800 employees across 17 countries and is headquartered in the Isle of Man.

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May 15, 2019 11:00 ET (15:00 GMT)