Source - RNS
RNS Number : 6348I
GVC Holdings PLC
20 June 2017
 

 

GVC Holdings PLC

("GVC", the "Company")

 

2017 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 26 April 2017, 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 2016

 

226,106,777

224,727,274

99.39%

1,379,503

0.61%

1,475,377

2. To approve the Directors' remuneration report for 2016

227,580,260

129,532,003

56.92%

98,048,257

43.08%

1,894

3. To approve the Directors' remuneration policy

227,576,480

205,214,885

90.17%

22,361,595

9.83%

5,674

4. To re-appoint the auditor and authorise the Directors to set the auditor's  remuneration

227,578,095

220,895,114

97.06%

6,682,981

2.94%

4,059

 

5. To re-elect Paul Miles as a Director

 

227,582,128

220,414,076

96.85%

7,168,052

3.15%

26

6. To re-elect Will Whitehorn as a Director

227,582,128

227,367,086

99.91%

215,042

0.09%

26

7. To re-elect Kenneth Alexander as a Director

 

227,582,128

225,243,475

98.97%

2,338,653

1.03%

26

 

8. To re-elect Karl Diacono as a Director

 

226,184,548

183,877,603

81.30%

42,306,945

18.70%

1,397,605

9. To re-elect Lee Feldman as a Director

223,512,191

210,318,157

94.10%

13,194,034

5.90%

4,069,963

10. To re-elect Peter Isola as a Director

222,149,658

183,461,548

82.58%

38,688,110

17.42%

5,432,495

11. To re-elect Stephen Morana as a Director

227,525,447

217,526,726

95.61%

9,998,721

4.39%

56,707

12. To re-elect Norbert Teufelberger as a Director

227,443,494

215,861,536

94.91%

11,581,958

5.09%

138,660

 

13. To approve an update to the share allotment authority

 

227,579,833

192,963,500

84.79%

34,616,333

15.21%

2,321

Special Resolutions







 

14. To approve the disapplication of pre-emption rights

 

224,111,061

224,091,376

99.99%

19,685

0.01%

3,471,093

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

227,580,585

226,313,128

99.44%

1,267,457

0.56%

1,569

 

Note: As at 20 June 2017 GVC has 300,668,046 ordinary shares of €0.01 each in issue and the total number of voting rights is 300,668,046.

 

In response to the number of votes cast against Resolution 2, GVC's Chairman, Lee Feldman said:

 

"It should be recognised that the remuneration arrangements disclosed in the 2016 Directors' remuneration report were agreed when GVC was AIM-listed and fully disclosed in our 2015 prospectus, with more than 95% of GVC's shareholders approving our long-term incentive plan arrangements in December 2015.  In addition, today's result needs to be seen in the context of the large support for resolution 3, GVC's remuneration policy, which is more representative of our current and future philosophy.  Acknowledging that investors in FTSE250 companies can have different expectations on executive remuneration, GVC's Remuneration Committee has already embarked on developing a new remuneration policy with its independent remuneration consultant and we have disclosed publicly our aim of consulting with our major shareholders on this matter by October 2017.  This process will be led by Jane Anscombe, appointed today an independent Non-executive Director and the new Chair of the Remuneration Committee.  Jane will be supported in the consultation by GVC's Senior Independent Director, Will Whitehorn."  

 

 

Enquiries:

 

Robert Hoskin, Company Secretary                     +350 200 78700

GVC Holdings PLC


This information is provided by RNS
The company news service from the London Stock Exchange
 
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