London-listed gaming operator 888 Holdings will engage with shareholders after a significant number voted against the re-election of chairman Brian Mattingley as a director.
The company’s annual general meeting in Gibraltar Tuesday saw all of the proposed directors receive the support of over 99 per cent of votes, with the exception of Mattingley whose re-election was opposed by 21.3 per cent.
He has served as non-executive chairman of 888 Holdings since March 2016, having previously served as executive chairman. He also held the chief executive’s office between 2012 and 2015. Mattingley first joined the board of 888 in 2005.
Former chief executive Itai Frieberger gained the support of 99.32 per cent of votes for re-election to the board, alongside new chief executive Itai Pazner, CFO Aviad Kobrine, and independent non-executive directors Zvika Zivlin and Anne de Kerckhove.
Following Tuesday’s vote, 888 said that it will hold discussions with major shareholders in the coming months in order to understand the reasons behind the reduced support for Mattingley, as per its corporate governance code.
Shares in 888 Holdings plc. (LSE:888) were trading down 1.45 per cent at 131.66 pence per share in London Tuesday.