LONDON - Playtech PLC (LSE: LON:PTEC), a leading technology company in the gambling industry, announced Thursday that its shareholders have approved all resolutions presented at the General Meeting, including the revised directors' remuneration policy and new incentive plans.
The resolutions, detailed in a circular dated November 27, 2024, received a majority vote from shareholders, with the most significant being the approval of the revised Directors' Remuneration Policy at 59.04% and the Playtech plc Shareholder Incentive Plan (Directors) at 67.36%. Additionally, the Transformation Plan received 61.53% approval, and a temporary increase in the limit on directors' fees to £3,000,000 per annum was approved with 73.04% of the vote.
Despite the overall approval, the Board acknowledged the level of votes against the resolutions and committed to continued engagement with shareholders. In line with the UK Corporate Governance Code, Playtech will issue an update on this engagement within six months.
The General Meeting's voting results indicated that a significant portion of the company's issued share capital, 81.56% for the first two resolutions and slightly higher for the others, participated in the poll. The detailed voting results will be made available on the National Storage Mechanism and Playtech's investor relations website.
Playtech, founded in 1999 and listed on the London Stock Exchange (LON:LSEG), operates across 20 countries and provides software, services, and technology to the gambling industry. The company emphasizes its omni-channel gambling technology, Playtech ONE, which integrates various product verticals and retail and online platforms.
This announcement is based on a press release statement and aims to provide shareholders and the market with transparent information regarding the company's recent General Meeting outcomes.
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