Flutter Entertainment PLC 2022 AGM Update Statement (3331E)
28 October 2022 - 7:00PM
UK Regulatory
TIDMFLTR
RNS Number : 3331E
Flutter Entertainment PLC
28 October 2022
28 October 2022
Flutter Entertainment plc ("Flutter")
2022 AGM Update Statement
At the Company's Annual General Meeting ("AGM") held on 28 April
2022, Resolution 2, an advisory vote to approve Flutter's
Directors' Remuneration Report was passed with the necessary
majority. However, while shareholder feedback to the consultation
was positive, 32.45% of votes received were against.
We understand that a minority of shareholders had concerns with
the level of base salary increases awarded and felt unable to vote
in favour of the resolution on that basis. As disclosed in our 2021
Annual Report, the Remuneration Committee consulted widely with
shareholders during 2021 on proposals that would bring the
remuneration of our Executive team to a level that is competitive
in both the current UK market and the wider international digital
markets in which we now operate. The salary increases made were
part of this plan and the Remuneration Committee and the Board
continue to believe that these measures were appropriate and in the
best interests of the Company.
The views of our shareholders are important to us and, following
the AGM, Flutter continued to engage with our larger investors to
fully understand their perspective in relation to Executive
Director remuneration. We are required to put our Remuneration
Policy to a shareholder vote at the 2023 AGM and we have used these
conversations to discuss our proposals for a new Policy and receive
feedback which will help shape our final proposals. Flutter will
provide a final update in the 2022 Annual Report.
Enquiries:
Edward Traynor
Company Secretary
+353872232455
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