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 still approved.

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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