Source - LSE Regulatory
RNS Number : 1138X
Flutter Entertainment PLC
29 April 2021
 

29 April 2021

Flutter Entertainment plc (the "Company")

Results of Annual General Meeting 2021

 

The Company announces that the following resolutions were approved at its Annual General Meeting ("AGM") held on Thursday, 29 April 2021.

All resolutions as set out in the Notice of Meeting were duly passed on a poll. The number of votes for and against each of the resolutions put before the Meeting and the number of votes withheld were as follows:

Resolutions

Votes For1

Votes Against

Total votes

Votes Withheld2


No. of shares

%

No. of shares

%

No. of shares

No. of shares

1. Following a review of the Company's affairs, to receive and consider the Company's Financial Statements for the year ended 31 December 2020 and the reports of the Directors and External Auditor thereon

83,264,267

99.98

20,059

0.02

83,284,326

94,219

2. To receive and consider the Remuneration Committee Chair's Statement and the Annual Report on Remuneration for the year ended 31 December 2020

70,293,675

84.52

12,870,333

15.48

83,164,008

214,537

3(a). Re-election of Zillah Byng-Thorne as a Director

67,829,593

81.64

15,258,407

18.36

83,088,000

290,545

3(b). Re-election of Michael Cawley as a Director

73,195,769

88.09

9,892,231

11.91

83,088,000

290,545

3(c). Re-election of Nancy Cruickshank as a Director

78,310,831

94.05

4,954,333

5.95

83,265,164

113,381

3(d). Re-election of Richard Flint as a Director

77,594,305

93.17

5,686,760

6.83

83,281,065

97,480

3(e). Re-election of Andrew Higginson

75,725,926

90.95

7,539,248

9.05

83,265,174

113,371

3(f). Re-election of Jonathan Hill as a Director

83,225,305

99.93

57,924

0.07

83,283,229

95,316

3(g). Re-election of Alfred F. Hurley Jr. as a Director

82,827,590

99.48

435,308

0.52

83,262,898

115,647

3(h). Re-election of Peter Jackson as a Director

83,094,159

99.77

190,650

0.23

83,284,809

93,736

3(i) Re-election of David Lazzarato as a Director

79,246,274

95.15

4,035,013

4.85

83,281,287

97,258

3(j). Re-election of Gary McGann as a Director

78,631,539

94.41

4,653,366

5.59

83,284,905

93,640

3(k). Re-election of Mary Turner as a Director

82,995,988

99.68

269,176

0.32

83,265,164

113,381

4. Authority to the Directors to set the remuneration of the External Auditor

81,457,498

97.81

1,827,407

2.19

83,284,905

93,640

5. Authority to call extraordinary general meetings on 14 clear days' notice*

78,021,845

93.68

5,262,594

6.32

83,284,439

94,106

6.Authority to allot shares4

58,154,654

69.83

25,129,206

30.17

83,283,860

94,685

7A. Dis-application of pre-emption rights*

79,220,763

95.30

3,907,973

4.7

83,128,736

249,809

7B. Dis-application of pre-emption rights in connection with an acquisition or specified capital investment*

79,024,804

95.06

4,105,312

4.94

83,130,116

248,429

8. Authority to purchase own shares*

82,567,409

99.15

707,347

0.85

83,274,756

103,789

9. Authority to reissue Treasury Shares*

83,241,193

99.96

33,659

0.04

83,274,852

103,693

10. Capitalisation of amounts standing to the credit of the Company's merger reserve account

83,253,243

99.96

31,186

0.04

83,284,429

94,116

11. Approval of reduction in the company capital of the Company*

83,252,804

99.99

3,540

0.01

83,256,344

95,275

* Denotes Special Resolutions

NOTES:

1 Votes "For" and "Against" are expressed as a percentage of votes received. The "For" votes include those giving the Chair discretion.

2 A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" the resolution.

3 The total number of ordinary shares in issue, excluding Treasury Shares, on Thursday, 29 April 2021 was 175,229,694.

4 The Board notes that, although Resolution 6 was passed with the necessary majority, 30.17% of votes received were against. Resolution 6 was proposed in accordance with routine practice for listed companies, and as mentioned in our Notice of AGM, the authority sought by the Company was in line with the guidance issued by the Investment Association's Share Capital Management Guidelines. The Board considers the flexibility afforded by this authority to be in the best interests of the Company and shareholders. In order to further understand the reasons behind this result, the Board will continue to consult and engage with major shareholders and will analyse the votes against. In accordance with the provisions of the 2018 UK Corporate Governance Code, the Company will provide an update on the views received from shareholders and actions taken no later than six months after the AGM.

5 The total number of votes cast (i.e. For, Against and Withheld) was 83,378,545 ordinary shares representing a 47.58% turnout.

 

The full text of the resolutions can be found in the Notice of AGM, which is available for inspection at the UK's National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism, and at Euronext Dublin (see below) and on the Company's website at www.flutter.com/investors/shareholder-centre/agm.    

 

A copy of the resolutions passed under special business (as defined by the listing rules of the UK Listing Authority) will shortly be submitted to the UK's National Storage Mechanism for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and forwarded to Euronext Dublin and available for inspection at:

 

Company Announcements Office

Euronext Dublin

28 Anglesea Street

Dublin 2

Ireland

 

Edward Traynor

Company Secretary

Flutter Entertainment plc

 

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