2019 AGM Results

Jay DossetterNews

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 shares voted

Number

% of shares voted

Number

 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 €0.01 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