logo-loader
RNS
viewGVC Holdings

GVC Holdings PLC - Board and Executive Remuneration

RNS Number : 5801L
GVC Holdings PLC
01 May 2020
 

1 May 2020

GVC Holdings PLC

("GVC" or the "Group")

 

Board and Executive Remuneration

 

 

GVC Holdings PLC (LSE: GVC), the global sports betting and gaming group, is today providing a further update on its Board and Executive remuneration in light of the ongoing impact of the COVID-19 pandemic.

 

On 6 April 2020 GVC issued a Q1 trading and COVID-19 planning update, in which it stated that the Board's Remuneration Committee would consider the impact of COVID-19 on GVC's performance and review the implementation of the remuneration policy for 2020 in due course.

 

Accordingly, at meetings of the Board and Remuneration Committee this week it was agreed it would be appropriate for the Board of Directors and members of the Group's Executive Committee ("ExCo") to take a voluntary 20% reduction in basic salary and fees for three months from today (1 May 2020).  The Executive Board Directors and ExCo members have also decided to forego their bonuses for 2020.

 

ENDS

 

 

Enquiries:

 

Investor Relations

GVC Holdings PLC


 

David Lloyd-Seed, Director of Investor Relations & External Communications

Tel: +44 (0) 203 938 0000

Jennifer Spencer, Investor Relations Manager

 

([email protected])

Media

GVC Holdings PLC

Jay Dossetter, Head of CSR & Corporate Communications

 

 

[email protected]

Powerscourt


Rob Greening / Elly Williamson

Tel: +44 (0) 20 7250 1446

 

LEI: 213800GNI3K45LQR8L28

 

About GVC Holdings PLC

 

GVC Holdings PLC is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector.  The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US.  The Group, incorporated in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 20 countries, across five continents.

 

For more information see the Group's website: www.gvc-plc.com

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCWPUQWCUPUPUU

Quick facts: GVC Holdings

Price: 868

Market: AIM
Market Cap: £5.07 billion
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE