2018 Annual General Meeting (“AGM”) Results

Jay DossetterNews

6 June 2018

GVC Holdings PLC
(“GVC”, the “Company”)

2018 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 23 April 2018, 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 shares voted

Number

% of shares voted

Number

 

1. To receive the Company’s annual report and

audited accounts for the year ended 31 December 2017

 

409,252,054

404,493,317

98.84

4,758,737

1.16

11,778

2. To approve the Directors’ remuneration report for 2017

408,787,238

229,161,012

56.06

179,626,226

43.94

476,595

3. To re-appoint the auditor

407,786,751

402,622,632

98.73

5,164,119

1.27

1,477,081

4. to authorise the Directors to agree the auditor’s  remuneration

407,794,695

401,427,941

98.44

6,366,754

1.56

1,469,138

 

5. To re-elect Jane Anscombe

 

409,250,226

362,213,923

88.51

47,036,303

11.49

13,606

6. To re-elect Paul Bowtell as a Director

409,246,894

401,332,397

98.07

7,914,497

1.93

16,939

7. To re-elect Kenneth Alexander as a Director

 

409,248,105

406,129,281

99.24

3,118,824

0.76

15,728

 

8. To re-elect Karl Diacono as a Director

 

407,025,396

363,291,106

89.26

43,734,290

10.74

2,238,436

9. To re-elect Lee Feldman as a Director

403,869,833

366,258,625

90.69

37,611,208

9.31

5,393,999

10. To re-elect Peter Isola as a Director

406,921,232

233,619,521

57.41

173,301,711

42.59

2,342,601

11. To re-elect Stephen Morana as a Director

409,165,868

368,397,544

90.04

40,768,324

9.96

97,964

12. To re-elect Will Whitehorn as a Director

409,239,365

368,353,062

90.01

40,886,303

9.99

24,468

 

13. To approve an update to the share allotment authority

 

409,228,484

351,235,948

85.83

57,992,536

14.17

35,349

Special Resolutions

 

14. To approve the disapplication of pre-emption rights

 

405,874,480

404,810,787

99.74

1,063,693

0.26

3,389,353

15. To renew the Company’s share buy-back authority

409,196,102

407,276,432

99.53

1,919,670

0.47

67,730

16. To approve amendments to the articles of association

409,217,188

408,191,596

99.75

1,025,592

0.25

46,645

Note: As at 6 June 2018 GVC has 578,017,139 ordinary shares of €0.01 each in issue and the total number of voting rights is 578,017,139.

In response to the number of votes cast against Resolution 2 being defeated, GVC’s Remuneration Committee Chair, Jane Anscombe said:

“The Remuneration Committee notes and is of course disappointed by the vote on Resolution 2.  We acknowledge this feedback and thank those shareholders who have already spoken with us and explained their reasons for not being able to support this resolution.  We have sought to balance the views we have heard from shareholders with the clear need to appropriately reward and retain our successful management team, and we are committed to continuing this dialogue with our shareholders.”

In response to the voting result for Resolution 10, GVC’s Chairman, Lee Feldman said:

“The Board has been made aware through communications during the voting process of shareholder concerns relating to Peter Isola’s perceived independence.  To address these concerns Peter will step down with immediate effect from the Remuneration Committee and we will engage with dissenting shareholders on this issue after we have reviewed the voting analysis.”

– ends –

LEI: 213800GNI3K45LQR8L28

For further information:

GVC Holdings PLC

Kenneth Alexander, Chief Executive

Paul Bowtell, Chief Financial Officer

Nick Batram, Director of Investor Relations & External Communications

Paul Tymms, Head of Investor Relations

(investors@gvc-plc.com)

Media enquiries:

Buchanan Communications

David Rydell/Henry Harrison-Topham/Chris Lane

Tel: +44 (0) 20 7466 5066

About GVC

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 and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, PartyCasino and partypoker. 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 3,500 betting shops.  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