Flutter Entertainment shareholders backed nearly all of the resolutions at the company’s 2026 annual general meeting, but rejected one of the most contentious governance proposals and showed notable resistance to two others.
The only resolution to fail was 3(c), which sought approval to let the board issue preferred shares with rights and preferences set by directors over time. It received 71.3 million votes in favor, or 53.0%, and 63.2 million against, or 47.0%, falling short of approval.
Two other special resolutions drew significant opposition. Proposal 3(a), to adopt a plurality voting standard in contested director elections, passed with 103.7 million votes for and 32.7 million against, a 76.0% to 24.0% split. Proposal 3(b), which would have given the board sole authority to determine its size and allow holdover directors if no candidate won enough votes, passed with 103.3 million votes for and 33.1 million against, or 75.74% to 24.26%.
The advisory vote on executive compensation also faced a sizable dissenting bloc. It was approved with 118.8 million votes for, or 88.02%, while 16.2 million votes, or 11.98%, were cast against.
Among director elections, support ranged from 91.43% for Peter Jackson, who received 124.7 million votes in favor and 11.7 million against, to 99.95% for David Kenny, who got 136.3 million votes for and 72,391 against. John Bryant received the weakest backing of the slate, with 126.1 million votes for and 10.3 million against, or 92.42% support.
Other directors drew stronger support: Stefan Bomhard won 99.76%, Nancy Cruickshank 99.92%, Christine M. McCarthy 99.94%, and Sally Susman 99.95%. Nancy Dubuc received 98.41% support, Holly Keller Koeppel 98.59%, and Carolan Lennon 99.30%.
The board’s routine capital authorities were approved overwhelmingly. The annual authority to issue shares passed with 147.9 million votes for, or 98.93%, while the authority to issue shares for cash without first offering them to existing shareholders received 135.0 million votes for and 14.4 million against, or 90.34% support. The authority to make market purchases of the company’s shares passed with 149.4 million votes for, or 99.97%, and the authority to re-issue treasury shares off market passed with 149.3 million votes for, or 99.93%.
Shareholders also approved the ratification of KPMG as auditor with 149.3 million votes for, or 99.92%, and approved the board’s authority to fix KPMG’s compensation with 149.4 million votes for, or 99.96%.
As a result of these announcements, the company's shares have moved 4.86% on the market, and are now trading at a price of $101.69. Check out the company's full 8-K submission here.
