TIDMPTEC
RNS Number : 5227N
Playtech PLC
20 May 2020
Playtech plc (the "Company")
Results of Annual General Meeting
Playtech plc announces that at its Annual General Meeting (AGM),
held today, 20 May 2020, resolutions set out in the Notice of
Annual General Meeting dated 23 April 2020 were duly passed by
shareholders by means of a poll vote, with the exception of the
Annual Report on Remuneration.
Following Claire Milne's appointment as Interim Chairman,
effective today, Playtech announces that Claire will also be
Chairman of the Nominations Committee and as a result of the change
of company Chairman, the Board will therefore be reviewing the
structure and membership of all its committees in the near
future.
The Company has considered the reasons for the results of
today's meeting, reflected in the voting outcomes for the
resolutions regarding the directors' remuneration report and the
re-election of Ian Penrose, the Chairman of the Remuneration
Committee.
In implementing the Directors' Remuneration Policy during the
financial year ending 31 December 2019 the Remuneration Committee
has sought to balance the parameters of a publicly listed company's
remuneration policy with the need to retain and incentivise its
leadership team. Playtech confirms it will conduct a thorough
review of the remuneration policy and processes to not only reflect
market and corporate governance best practices, but also ensure
more rigorous implementation and transparent disclosure going
forward for the benefit of the Company's shareholders.
Playtech has made significant progress in developing its
corporate governance and remuneration practices over the last 18
months during Ian's tenure as Chairman of the Remuneration
Committee. As a consequence of an extensive shareholder engagement
programme, to hear and reflect the views of its shareholders, there
have been major improvements to the way in which the Company
approaches remuneration, as reflected in the support for the
remuneration policy last year. However, the Company recognises it
needs to go further. Ahead of the AGM, the Remuneration Committee
consulted further with shareholders to better understand their
views on the remuneration report. There was a mix of feedback and
this will be considered when designing a new remuneration policy,
which will be put to shareholders for approval at the 2021 AGM.
The Company understands from its engagement with shareholders in
advance of today's meeting that the minority vote against the
re-election of Ian Penrose is solely as a consequence of Ian being
Chair of the Remuneration Committee.
The Company will continue to engage with shareholders on this
issue and will provide a full update on progress within the next
six months.
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 223,703,400 99.98 33,823 0.02 223,737,223 224,703
------------ -------- ------------ -------- ----------------- ---------------
2. Remuneration
Report 72,260,453 36.28 127,020,086 63.72 199,280,539 24,681,386
------------ -------- ------------ -------- ----------------- ---------------
3. Reappoint
the auditors 219,945,803 98.21 4,015,183 1.79 223,960,986 939
------------ -------- ------------ -------- ----------------- ---------------
4. Re-Elect
John Jackson 192,089,392 85.77 31,870,542 14.23 223,959,934 1,991
------------ -------- ------------ -------- ----------------- ---------------
5. Re-Elect
Claire Milne 195,686,790 87.38 28,274,644 12.62 223,961,434 491
------------ -------- ------------ -------- ----------------- ---------------
6. Re-Elect
Ian Penrose 149,647,450 67.40 72,413,049 32.60 222,060,499 1,901,426
------------ -------- ------------ -------- ----------------- ---------------
7. Re-Elect
Anna Massion 216,248,021 99.26 1,621,294 0.74 217,869,315 6,092,611
------------ -------- ------------ -------- ----------------- ---------------
8. Re-Elect
John Krumins 217,862,969 99.99 4,846 0.01 217,867,815 6,094,111
------------ -------- ------------ -------- ----------------- ---------------
9. Re-Elect
Andrew Smith 217,495,484 97.18 6,321,451 2.82 223,816,935 1,991
------------ -------- ------------ -------- ----------------- ---------------
10. Re-Elect
Moran Weizer 216,478,266 96.66 7,483,169 3.34 223,961,435 491
------------ -------- ------------ -------- ----------------- ---------------
11. Directors
Power to allot
shares 197,843,313 88.34 26,117,997 11.66 223,961,310 616
------------ -------- ------------ -------- ----------------- ---------------
12. Disapplication
of Pre-Emption
rights 198,870,122 88.80 25,090,509 11.20 223,960,631 1,295
------------ -------- ------------ -------- ----------------- ---------------
13. Further
disapplication
of Pre-Emption
rights 198,842,170 88.79 25,118,461 11.21 223,960,631 1,295
------------ -------- ------------ -------- ----------------- ---------------
14. Market purchase
of own shares 223,673,522 99.89 249,438 0.11 223,922,960 38,966
------------ -------- ------------ -------- ----------------- ---------------
At 20 May 2020, the issued share capital of the Company was
299,328,354 ordinary shares of no par value (excluding 9,965,889
shares held as treasury shares).
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 NSM can be accessed at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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 +44 (0) 16 2464 5954
Chris McGinnis, Director of Investor Relations &
Strategic Analysis
James Newman, Director of Corporate Affairs
Headland (PR adviser to Playtech) +44 (0) 20 3805 4822
Lucy Legh, Stephen Malthouse
About Playtech
Founded in 1999 and premium listed on the Main Market of the
London Stock Exchange, Playtech is a technology 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. Through the
acquisition of Snaitech, Playtech directly owns and operates a
leading sports betting and gaming brand in online and retail in
Italy, Snai.
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.6,000 employees across 21 countries and
is headquartered in the Isle of Man.
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END
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