<< < > >>
Search:
| Full PDF report | Print this page |
Annual Report & Accounts 2015 - DIRECTORS' REPORT
slide
<< < > >>
GVC HOLDINGS PLC ANNUAL REPORT 2015 BUsiness ReVieW the Directors present their report for GvC holdings pLC and the audited financial statements for the year ended 31 December 2015. Principal Activities GvC holdings pLC is a multinational sports betting and gaming group. the Group operates some of the leading brands in the gaming sector including bwin, sporting bet, partypoker and foxy Bingo. in addition the Group provides online gaming services on a business-to-business basis to a limited number of third party operators. Results and Dividends the profit for the year attributable to ordinary shareholders after taxation amounted to €24,659,000 (2014: profit of €40,563,000). the Company is incorporated under the isle of man Companies act 2006. this act does not require the Company to have designated distributable reserves for the purpose of declaring a dividend. the act requires the Directors to consider the solvency of the Company before making a dividend. a corollary of this is that the matter of dividends is not required to be put before General meeting. the Group's consolidated financial statements are set out on pages 46 to 87. for a more detailed review of the Group's result see the report of the Chief executive and the report of the Group finance Director. trading Review and Future Developments the Directors are pleased with the Group's performance during 2015 and are confident that this performance will continue to improve during 2016 and beyond. in february 2016, the Group acquired bwin.party, one of europe's leading online betting brands, for €1.5 billion. for a detailed review of the trading performance and future developments of the Group see the Chairman's statement, report of the Chief executive and the report of the Group finance Director. Key Performance indicators for a more detailed review of the key performance indicators of the Group see the report of the Chief executive. Directors and their interests the Directors of the Company and their interests in the ordinary share capital of the Group are as follows: ordinary shares of €0.01 each in GVc holdings PLc 22 April 2016 31 December 2015 31 December 2014 executive Directors K alexander 1,585,455 212,000 87,000 r Cooper 757,553 15,000 1,667 non-executive Directors L feldman 702,169 185,957 122,575 K Diacono - - - s morana - - - p isola - - - n teufelberger 2,755,264 - - the wife of K alexander owned 313,333 ordinary shares at 22 april 2016, 31 December 2015 and 31 December 2014. the wife of r Cooper owned 335,000 ordinary shares at 31 December 2015 and at 22 april 2016, and 325,000 ordinary shares at 31 December 2014. the Directors' shareholdings represent 2.2% (2014: 1.39%) of the voting shares of the Company. Details of the Directors who have an interest in share options are disclosed in the report of the remuneration Committee. DiRectoRs' RePoRt 35