Result of General Meeting
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your PTEC notes
Following the General Meeting, which was held earlier today, Playtech (LSE: PTEC) is pleased to announce that the Resolutions set out in the Notice of General Meeting within the Circular published on 27 November 2024 were all duly passed by shareholders by means of a poll vote.
For information, the votes cast on the Resolutions were as follows:
| Resolutions | Votes For | % Votes cast | Votes Against | % Votes cast | Total Votes Cast (excl. Votes Withheld) | % of ISC Voted* | Votes Withheld |
|---|---|---|---|---|---|---|---|
| 1. To approve and adopt the revised Directors' Remuneration Policy | 148,939,100 | 59.04% | 103,317,987 | 40.96% | 252,257,087 | 81.56% | 1,309,976 |
| 2 . To approve the Playtech plc Shareholder Incentive Plan (Directors) | 169,933,226 | 67.36% | 82,331,124 | 32.64% | 252,264,350 | 81.56% | 1,302,713 |
| 3 . To approve the Playtech plc Transformation Plan | 156,018,691 | 61.53% | 97,537,532 | 38.47% | 253,556,223 | 81.98% | 10,840 |
| 4. To approve a revised Rule 2.2 of the Playtech plc Restricted Share Plan 2024 | 163,623,627 | 64.53% | 89,933,398 | 35.47% | 253,557,025 | 81.98% | 10,038 |
| 5. To approve the temporary increase in the limit on directors' fees contained in Article 95 to £3,000,000 per annum | 183,986,910 | 73.04% | 67,922,099 | 26.96% | 251,909,009 | 81.45% | 1,658,054 |
Prior to the General Meeting, there was extensive consultation with a broad spectrum of the Company's shareholders on the Resolutions and, in particular, the revised directors' remuneration policy and two new long-term incentive plans.
The Board of Playtech is grateful for the engagement of its shareholders in advance of the General Meeting and is pleased that all Resolutions were passed. The Board notes, however, the level of votes against the Resolutions. Playtech will continue to engage with its shareholders regarding the implementation of the Resolutions and, in accordance with the UK Corporate Governance Code, the Company will publish an update on its continued engagement within six months of the General Meeting.
* As at 8:00 pm on 17 December 2024, being the record time and date for eligibility to vote at the General Meeting, the Company's issued share capital comprised 309,294,243 ordinary shares of no par value (at which time the Company held no shares in treasury). Each such share carries the right to one vote at a general meeting of Playtech and, therefore, the total number of voting rights in Playtech as at 8:00 pm on 17 December 2024 was 309,294,243.
The results of the poll have been submitted to the National Storage Mechanism, and will shortly be available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website https://www.investors.playtech.com/.
The full text of the Resolutions is set out in the Notice of General Meeting contained in Part 6 of the Circular published by the Company on 27 November 2024, which is available for inspection on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website https://www.investors.playtech.com/.
In accordance with UK Listing Rule 6.4.2R, copies of the Resolutions passed at the General Meeting will be submitted to the National Storage Mechanism and will be available for viewing in due course at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Copies of these will also be made available for viewing in due course on the Company's website https://www.investors.playtech.com/.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.