Acquisition of Ladbrokes Coral Group plc
On 28 March 2018, the Company completed the acquisition of the entire share capital of Ladbrokes Coral Group plc, effected by means of a Court-sanctioned scheme of arrangement. The total consideration was £3,344.7m.
Item 2: Approve the Remuneration Report
In comparion with the previous year, disclosure has improved, which is welcomed. However, the remuneration structure is still unsatisfactory. The maximum bonus exceeds guidelines, the severance agreements are not disclosed, and benefits are excessive. The LTI is overly-reliant on EPS, which is not considered best practice as it can potentially be manipulated by executives. The 2015 LTI award had an excessive payout during the year and the sale of the shares by the CEO and Chairman at under market price has had adverse effects for all shareholders, as the share price fell significantly and still has not returned to the previous price. We recommend shareholders oppose.
GVC Holdings is a holding company. Through its subsidiaries, Co. is an online gaming company, provides business to consumer and business to business services to the online gaming and sports betting markets in Europe and Latin America. Co. operates in two segments, Sports and Gaming. Co. offers sports betting, casinos, games, and poker through online and mobile under the Sportingbet brand; and online bingo, sportsbook, casino, and poker access under the Betboo brand, as well as operates an online casino Website for German-speaking markets under the CasinoClub brand. Co. also various online poker games, including No Limit Texas Hold'em, Fixed Limit Texas Hold'em, and Pot Limit Texas Hold'em.
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Rating Action: Moody's assigns Ba2 rating to GVC's new GBP535 million RCF. Global Credit Research- 20 May 2020. London, 20 May 2020-- Moody's Investors Service, has today assigned a Ba2 rating to GVC Holdings PLC' s new GBP535 million senior secured revolving credit facility.
Two Directors at GVC Holdings bought/maiden bought 10,600 shares at between 769p and 795p. The significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing r...
La société propose une série de résolutions (14 à 19) en vue d'effectuer des augmentations de capital. Ces autorisations sont toutes maintenues en période d'offre publique. Ces autorisations peuvent dès lors constituer une arme forte de protection du capital, et Proxinvest s'oppose à toute autorisation d'augmentation de capital maintenue en période d'offre publique, en raison de leur possible utilisation comme dispositif anti-OPA. Nous recommandons donc l'opposition aux résolutions 14 à 19. Aussi, la communication de la société concernant la politique de rémunération du Président Directeur Gé...
La société propose de renouveler les 3 membres du Conseil. Le conseil ne compte aucun membre libre de tout conflit d'intérêt potentiel, ce qui n'est pas acceptable. Proxinvest attendra donc que le conseil propose la nomination de candidats administrateurs indépendant. Aussi, le taux de féminisation est nul, et de la même manière, Proxinvest attendra de la société une représentation plus équilibrée des hommes et des femmes au conseil. Nous recommandons donc l'opposition à la résolution 7. La société propose une série d'autorisations financières dans les résolutions 11 à 14. Celles-ci sont main...
Proxinvest attire l'attention des actionnaires sur plusieurs points. Tout d'abord le changement d'actionnariat a entrainé des modifications dans le conseil. Proxinvest apprécie le fait que la société propose des candidats indépendants au conseil. De ce fait l'ensembles des nominations, cooptations et renouvellements des résolutions 11 à 17 seront soutenues par Proxinvest. Ensuite Proxinvest s'oppose à la rémunération Ex-Post, de la directrice Générale puisque que cette dernière ne respecte pas notre politique de vote.
General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by postal vote or by granting authority to the proxies designated by the Company. One of the major shareholders, Roland Oetker, is the former President and since 2008 the Honorary President of DSW, the local partner of ECGS. This report has been prepared using standard ECGS guidelines. Evotec was founded 19...
In general, Danske Bank is in compliance with the Danish regulations relating to organisation and procedures of the Annual General Meeting. Under ITEM 4f it is proposed to re-appoint Ms. Carol Sergeant as Vice Chairman of the board of directors. Although she is considered independent, ECGS does NOT approve of the re-appointment of any board members who were part of the board of directors at the time of the money laundering scandal in Estonia. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 7 authorisation is sought to repurchase own shares. Although the authority requested woul...
General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by postal vote or by granting authority to the proxies designated by the Company. Item 2: Management and Supervisory Board are proposing a dividend of EUR 1.10 per share (increased by 733.33% from EUR 0.15) which corresponds to a payout ratio of 53.40% per share (EPS: EUR 2.06). In view of the recent events rel...
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