Published
OnlineCasinoSports Betting

GVC passes new pay scheme but “disappointed” with 58% majority

Operator GVC Holdings has passed its new payment scheme, which involves reducing CEO Kenny Alexander’s salary to £800,000 ($1m) a year, at its AGM in Gibraltar.

GVC

However, GVC noted its disappointment with the 41.96% of shares used to voted against it.

While 16 of 17 other resolutions, including the re-appointment of several directors, all passed with at least an 80% majority, close to 194m shares voted against the Director’s remuneration report.

The new scheme will still be implemented, having received a 58% majority – inaccurately headlined as a "rejection" by at least one other report.

But GVC Remuneration Committee Chair, Jane Anscombe, said: "The Remuneration Committee notes and is naturally disappointed with the vote on Resolution 2.

"We engaged extensively with shareholders ahead of the AGM and would like to thank them for their helpful and constructive input. 

"We understand some shareholders ultimately felt unable to support the remuneration report, in part due to our legacy arrangements, which going forward no longer form part of our remuneration framework."

Premium+ Connections
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...