Playtech shareholders have approved a €100 million bonus package for key executives, despite significant public opposition from some investors. At the company’s general meeting on December 19, 67% of shareholders voted in favor of the Playtech plc Shareholder Incentive Plan (Directors), surpassing the 50% approval threshold required under company regulations.
The incentive package follows Playtech’s €2.3 billion sale of its Italian B2C division, Snaitech, to Flutter Entertainment, a transaction announced earlier this year in September. While shareholder opposition was vocal, the proposal ultimately gained enough support to pass.
A Playtech representative acknowledged the mixed response to the vote, stating, “We value the views of all our shareholders and are grateful for their engagement in the advance of the general meeting. Whilst we are pleased that all resolutions were passed, we acknowledge the level of votes against the resolutions and, as is always the case, we will continue to engage with our shareholders.”
