Directorate Change

LADBROKES CORAL GROUP PLC

Directorate change

Following completion of his one year fixed term of appointment, Carl Leaver stepped down as a Director of Ladbrokes Coral Group plc on 31 October 2017, and ceased to be employed by the Group on this date. 

In accordance with section 430 (2B) of the Companies Act 2006, Mr Leaver will receive his current salary, pension and benefits up until 31 October 2017 but will not receive any further fixed pay, notice pay or severance after this date. 

As outlined in the 2016 Directors' Remuneration Report, Mr Leaver is eligible to receive a discretionary bonus subject to the successful delivery of certain synergy measures arising from the merger between Ladbrokes and Coral in November 2016. Under the terms of Mr Leaver's contract, this will be determined by the Board Remuneration Committee and, as part of the year end process, will be disclosed alongside other directors' remuneration in the 2017 Annual Report and Accounts.

John Kelly, Chairman of Ladbrokes Coral said:

"Over a period of 6 years, Carl led a major turnaround of the Gala Coral Group, culminating in the deal to merge with Ladbrokes to create Ladbrokes Coral Group plc.

I would personally like to thank Carl for agreeing to join the newly merged company for a fixed one year term to drive the integration of the two businesses. Working with the management team, his leadership has been critical to the delivery of synergies well over double the original target. He leaves a business well-positioned for the future and we wish him well."

Geoff Mason

Company Secretary

Legal Entity Identifier: 213800P7FJOPCV4H3J04

Enquiries

Paul Tymms, Director of Investor Relations

Donal McCabe, Group Communications Director

+44 (0)20 8429 7777