LONDON - Playtech PLC (LSE: LON:PTEC), a prominent technology supplier in the gambling industry, has announced the publication of a circular calling for a General Meeting (GM) slated for 10:00 am on December 19, 2024, at the offices of Bryan Cave Leighton Paisner LLP in London. The primary agenda for the meeting is for shareholders to cast their votes on a revised directors' remuneration policy and the introduction of two new long-term incentive plans.
The move follows a previous announcement on September 17, 2024, concerning the proposed sale of Snaitech, a subsidiary of Playtech and a key player in sports betting and gaming in both the online and retail markets in Italy. Playtech, established in 1999 and listed on the Main Market of the London Stock Exchange (LON:LSEG), employs over 7,900 individuals across 20 countries and is recognized for its innovation in software, services, and platform technology in the gambling sector.
The upcoming General Meeting is a significant event for the company, as the decisions made could influence its governance and executive compensation structure. Shareholders will have the opportunity to review the proposed changes in detail in the Circular that has been made available on the Financial Conduct Authority's National Storage Mechanism and on Playtech's investor relations website.
This meeting is a routine part of corporate governance, allowing shareholders to participate in key decisions that affect the company's direction and leadership. The outcome of the votes on the remuneration policy and incentive plans will be disclosed following the General Meeting.
The information regarding the General Meeting is based on a press release statement distributed by RNS, the news service of the London Stock Exchange, and approved by the Financial Conduct Authority in the UK. Playtech, through its omni-channel platform Playtech ONE, continues to be a technology leader in the industry, offering solutions that encompass casino, live casino, sports betting, virtual sports, bingo, and poker.
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