888 Holdings plc Statement regarding May 2019 Shareholder Vote (4608T)
November 15 2019 - 2:00AM
UK Regulatory
TIDM888
RNS Number : 4608T
888 Holdings plc
15 November 2019
15 November 2019
888 Holdings Public Limited Company
("888'" or the "Company")
Statement regarding May 2019 Shareholder Vote
At the Company's Annual General Meeting held on 21 May 2019,
21.30 per cent. of total votes cast were voted against the
re-election to the Board of the Non-Executive Chairman, Mr. Brian
Mattingley ("Resolution 4").
In accordance with the UK Corporate Governance Code, the Company
has held discussions with major shareholders who voted against
Resolution 4 in order to understand their concerns. The Company
understands that the primary reason for the vote against Resolution
4 was the length of Mr. Mattingley's tenure as a Director of 888.
Mr. Mattingley joined the Board of 888 in August 2005 and since
then has served as 888's Chief Executive Officer, Non-Executive
Director, Executive Chairman and Non-Executive Chairman.
The Board's decision to retain Mr. Mattingley as its
Non-Executive Chairman reflects the significant value he brings to
the Board, including in particular his wealth of gambling industry
and public company experience, deep knowledge of the business and
industry contacts. The Board believes Mr. Mattingley's continued
tenure as Non-Executive Chairman benefits all shareholders.
The Board recognises the importance of future succession
planning and was recently strengthened through the appointment of
Mr. Mark Summerfield as a Non-Executive Director and Chairman of
888's Audit Committee on 5 September 2019. The Company continues to
look at potential additional Non-Executive Director appointments to
the Board and will seek to provide a further update on this matter
by its next Annual General Meeting in May 2020. Any future Board
appointments will reflect 888's strong diversity and leadership
objectives, whilst complementing and building upon the existing
expertise of the Board.
A further update on these matters will be provided in the 2019
Annual Report.
- ends -
Contacts and enquiries
888
Itai Pazner, Chief Executive Officer +350 200 49800
Aviad Kobrine, Chief Financial Officer +350 200 49800
+44(0) 207 796
Hudson Sandler 4133
Alex Brennan
Bertie Berger
Hattie Dreyfus
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END
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