Flutter Entertainment's Remuneration Report, Share Allotment Get Low Votes at AGM
By Ian Walker
Flutter Entertainment PLC said Thursday that four resolutions,
including the 2020 remuneration report and authority to allot
shares, received low counts at the annual general meeting but were
The FTSE 100 gambling group said that the resolution approving
the remuneration report received 84.52% of votes cast, while the
allotment of shares only got 69.83% of votes.
The owner of FanDuel and Paddy Power said that the board
believes the power to allot shares was in the best interest of both
shareholders and the company. It said the board will continue to
engage with shareholders and analyze the votes against.
In addition, the resolution seeking the re-elections of Zillah
Byng-Thorne and Michael Cawley as directors received 81.64% and
88.09% of votes cast respectively.
The company said that a total of votes cast at the meeting was
88.4 million shares, representing a 47.58% turnout.
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(END) Dow Jones Newswires
April 29, 2021 10:49 ET (14:49 GMT)
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