5th Jun 2019 11:22
(Correcting that GVC's AGM was held on Wednesday)
LONDON (Alliance News) - GVC Holdings PLC on Wednesday said it is "disappointed" with the low level of shareholder approval for the company's 2018 remuneration report.
At the gambling company's annual general meeting, held earlier on Wednesday, just 58% of shareholders approved the remuneration report, with 42% opposing it.
All other resolutions were passed with over 80% of favourable votes.
"The remuneration committee notes and is naturally disappointed with the vote on resolution 2," Remuneration Committee Chair Jane Anscombe said.
She added: "We understand that some shareholders ultimately felt unable to support the remuneration report, in part due to our legacy arrangements, which going forward no longer form part of our remuneration framework."
The company added it will engage further with shareholders in the coming months to "listen and reflect on their views on remuneration".
GVC shares were trading 3.4% higher at 630.60 pence each.
Related Shares:
GVC.L