Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Playtech plc
  6. News
  7. Summary
    PTEC   IM00B7S9G985

PLAYTECH PLC

(PTEC)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/24 11:35:18 am
448 GBX   +0.22%
09/23PLAYTECH : 2021 Half year results presentation
PU
09/23PLAYTECH : 2021 Half year results report
PU
09/23PLAYTECH : H1 Profit Soars Amid Gains on Derivative Financial Assets
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Playtech : November 2020 update on 2019 General Meeting and 2020 AGM votes on remuneration

12/01/2020 | 12:03pm EDT

November 2020

Updated Investment Association Register response: 2019 General Meeting and 2020 Annual

General Meeting (AGM) votes on remuneration

In this statement, Playtech provides an update on the recent voting outcomes relating to remuneration.

The Remuneration Committee completed a comprehensive shareholder consultation in the second half of 2019. In this consultation, some of Playtech's largest institutional shareholders requested that a performance-based share award be implemented for the CEO. Playtech brought a proposal to adopt such an award to the 2019 General Meeting, and this proposal was approved by shareholders.

Playtech continued consulting with shareholders into 2020 ahead of the 2020 AGM. In implementing the Directors' Remuneration Policy during the financial year ending 31 December 2019 the Remuneration Committee sought to balance the parameters of a publicly listed company's remuneration policy with the need to retain and incentivise its leadership team. As a consequence of an extensive shareholder engagement programme, to hear and reflect the views of its shareholders, there have been major improvements to the way in which the Company approaches remuneration. However, the Company recognises it needs to go further. Ahead of the AGM, the Remuneration Committee consulted further with shareholders to better understand their views on the remuneration report.

Playtech notes that at its General Meeting on 19 December 2019 the resolution to approve the Long Term Incentive Award to the Chief Executive was passed with 54.8% votes in favour, and that at the AGM on 20 May 2020 the resolution to approve the remuneration report was not passed with 36.3% votes in favour. While the majority of shareholders voted for the proposal at the 2019 General Meeting, we recognise the significant proportion of negative votes at this meeting and the negative vote at the 2020 AGM.

Following the 2020 AGM, the Remuneration Committee has begun a wide-ranging review of the remuneration policy for executive directors, to align more closely with typical market practice, improve reporting transparency and satisfy specific concerns raised by shareholders. The Remuneration Committee is carrying out this review in consultation with its remuneration advisers PwC and has recently engaged ISS Corporate Solutions. This process is currently ongoing and further consultation with Playtech's shareholders will commence when a proposed approach is agreed.

We recognise there has been continued concerns from shareholders surrounding Playtech's Directors Remuneration Report and as such, the Board and the Remuneration Committee are committed to continued dialogue with the Company's shareholders and their advisory bodies and we welcome their ongoing feedback.

Playtech plc, Ground Floor, St George's Court, Upper Church Street, Douglas, Isle of Man, IM1 1EE

Incorporated in the Isle of Man 008505V

Disclaimer

Playtech plc published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 17:02:04 UTC


ę Publicnow 2020
All news about PLAYTECH PLC
09/23PLAYTECH : 2021 Half year results presentation
PU
09/23PLAYTECH : 2021 Half year results report
PU
09/23PLAYTECH : H1 Profit Soars Amid Gains on Derivative Financial Assets
MT
09/23PLAYTECH : Earnings Flash (PTEC.L) PLAYTECH Reports H1 EPS EUR132.2
MT
09/23PLAYTECH : Earnings Flash (PTEC.L) PLAYTECH Reports H1 Revenue EUR457.4M
MT
09/22MARKETMIND : Some relief - but how long will it last?
RE
09/17Playtech plc Announces Board & Committee Changes
CI
08/18PLAYTECH : investors reject Finalto sale to consortium led by Barinboim
RE
08/18Playtech Announces Updates on General Meeting and Finalto
CI
08/18B.G.I. Investments Ltd, Leumi Partners Ltd., Menora Mivtachim Insurance Ltd. and The Ph..
CI
More news
Analyst Recommendations on PLAYTECH PLC
More recommendations
Financials
Sales 2021 1 166 M 1 366 M 1 366 M
Net income 2021 9,90 M 11,6 M 11,6 M
Net Debt 2021 606 M 710 M 710 M
P/E ratio 2021 74,4x
Yield 2021 -
Capitalization 1 558 M 1 826 M 1 825 M
EV / Sales 2021 1,86x
EV / Sales 2022 1,47x
Nbr of Employees 6 400
Free-Float 91,4%
Chart PLAYTECH PLC
Duration : Period :
Playtech plc Technical Analysis Chart | PTEC | IM00B7S9G985 | MarketScreener
Technical analysis trends PLAYTECH PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 5,22 €
Average target price 6,06 €
Spread / Average Target 16,0%
EPS Revisions
Managers and Directors
Moran Weizer Chief Executive Officer & Executive Director
Andrew James Smith Chief Financial Officer & Executive Director
Brian Roger Mattingley Non-Executive Chairman
Shimon Akad Chief Operating Officer
Ian Ince Global Head-Regulatory Affairs & Compliance
Sector and Competitors
1st jan.Capi. (M$)
PLAYTECH PLC11.39%1 827
EVOLUTION AB82.22%37 894
FLUTTER ENTERTAINMENT PLC9.26%37 472
CAESARS ENTERTAINMENT, INC.50.29%23 823
GALAXY ENTERTAINMENT GROUP LIMITED-33.20%23 472
ARISTOCRAT LEISURE LIMITED49.65%21 614