News

CATEGORY: NEWS AND ANNOUNCEMENTS     SECTOR: TRAVEL & LEISURE

888 Holdings defends reappointment of long-serving chairman

Fri 15 Nov 2019

888 - 888 Holdings

Latest Prices

Name Price %
888 Holdings 138.50p -2.33%
 
FTSE 250 21,764 +1.04%
FTSE 350 4,266 +1.04%
FTSE All-Share 4,213 +1.03%
Travel & Leisure 10,087 +0.64%
LONDON (SHARECAST) - (Sharecast News) - 888 Holdings on Friday defended the reappointment of Brian Mattingley as non-executive chairman after 21% of its shareholders voted against his re-election back in May.
The gambling company has held discussions with major shareholders who voted against the re-election and said it understood that some investors were concerned about the length of Mattingley's tenure.

Mattingley joined the board in August 2005 and has since served as chief executive, non-executive director, executive chairman and non-executive chairman.

The FTSE 250-listed company said its decision to retain Mattingley's service reflected his wealth of gambling industry and public company experience, deep knowledge of the business and industry contacts, adding that the board believed his continued service benefited all shareholders.

Meanwhile, 888 added that is still monitoring potential additional non-executive director appointments and will seek to provide a further update on the matter by its next annual general meeting in May next year.

888 Holdings shares were up 0.81% at 161.00p at 1001 GMT.
 
Archived Stories

14 Jan Gambling Commission bans use of credit cards for online bets
14 Jan 888 Holdings' CFO to stand down in 2020
13 Jan UK regulator set to ban online credit card bets - report
07 Jan Bumper December gives 888 Holdings confidence in full-year earnings



www.bolsamania.com www.sharecast.com http://www.proshareclubs.co.uk/ www.digitallook.com