REG - M&C Saatchi PLC - Result of AGM

M&C SaatchiAnnouncement

16/05/2024 17:30

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RNS Number : 8041O  M&C Saatchi PLC  16 May 2024

16 May 2024

M&C Saatchi plc

("M&C Saatchi" or the "Company")

Result of Annual General Meeting

The Company confirms that at its Annual General Meeting, held earlier today at
11 a.m., all of the resolutions were voted on by poll and were duly passed by
the required majority.

The full text of each resolution was included in the Company's Notice of
Annual General Meeting posted to shareholders and made available on the
Company's website https://www.mcsaatchiplc.com/reports-results/2024
(https://www.mcsaatchiplc.com/reports-results/2024) .

The following table shows the results of the votes cast.

 Resolution                                                                        Total votes cast (excl. Votes Withheld)   For (*)             Against            Withheld (**)
                                                                                   Number                                    Number       %      Number      %       Number
 Ordinary Resolutions
 1       To approve the Annual Report and Accounts                                 101,768,542                               101,768,542  100    0           0      1,497
 2       To approve the Directors' Remuneration Report                             101,770,039                               101,695,385  99.93  74,654      0.07   0
 3       To declare a final dividend of 1.6 pence per share                        101,770,039                               101,770,039  100    0           0      0
 4       To reappoint auditors of the Company                                      101,770,039                               101,714,632  99.95  55,407      0.05   0
 5       To approve the auditors' remuneration                                     101,770,039                               101,714,632  99.95  55,407      0.05   0
 6       To re-elect Zillah Byng-Thorne as a director of the Company               101,713,135                               99,292,808   97.62  2,420,327   2.38   56,904
 7       To re-elect Bruce Marson as a director of the Company                     101,713,135                               101,713,135  100    0           0      56,904
 8       To re-elect Louise Jackson as a director of the Company                   101,668,135                               69,247,289   68.11  32,420,846  31.89  56,904
 9       To re-elect Colin Jones as a director of the Company                      101,713,135                               101,713,135  100    0           0      56,904
 10      To re-elect Dame Heather Rabbatts as a director of the Company            101,713,135                               101,712,885  100    250         0      56,904
 11      To re-elect Chris Sweetland as a director of the Company                  98,768,542                                93,265,143   94.43  5,503,399   5.57   3,001,497
 12      Authority for directors to allot shares                                   101,770,039                               101,768,542  100    1,497       0      0
 13      Authority for directors to allot rights issue shares                      101,770,039                               101,768,542  100    1,497       0      0
 Special Resolutions
 14      Authority for directors to allot shares on a non-pre-emptive basis (1)    101,770,039                               99,568,100   97.84  2,201,939   2.16   0
 15      Authority for directors to allot shares on a non-pre-emptive basis (2)    101,770,039                               101,768,542  100    1,497       0      0
 16      Authority for the Company to purchase up to 10% of its own share capital  99,270,039                                99,252,539   99.98  17,500      0.02   2,500,000
 17      To adopt new articles of association of the Company                       101,770,039                               101,713,135  99.94  56,904      0.06   0

 

*Includes discretionary votes.

**A vote "Withheld" is not a vote in law and is therefore not counted towards
the proportion of votes "For" or "Against" the resolution.

All resolutions presented to shareholders at the Annual General Meeting were
passed with the required majority of votes.

The Board of M&C Saatchi notes that 20% or more of votes were cast against
the Board's recommendation for resolution 8. We remain committed to a
constructive and positive relationship with our shareholders and as such, will
continue to engage actively with our shareholders to understand their views
and, where applicable, their reasons for the votes against this resolution. We
value the input and views of all shareholders and will carefully consider all
feedback. We will publish an update on that engagement and on any action taken
as a result of this within six months of the Annual General Meeting, in
accordance with the UK Corporate Governance Code.

The results of the poll will be published on the Company's website
https://www.mcsaatchiplc.com/reports-results/2024
(https://www.mcsaatchiplc.com/reports-results/2024) .

 M&C Saatchi                                           +44 (0)20-7543-4500
 Zillah Byng-Thorne, Chair

 Zaid Al-Qassab, Chief Executive Officer
 Bruce Marson, Chief Financial Officer
 Jill Sherratt, Investor Relations
 Headland Consultancy                                  +44 (0)20 3805 4822
 Charlie Twigg
 Liberum Capital - Nominated Adviser and Joint Broker  +44 (0)20-3100-2000
 Max Jones, Edward Mansfield, Will King
 Deutsche Numis - Joint broker                         +44 (0)20-7260-1000
 Nick Westlake, Iqra Amin

 

About M&C Saatchi

M&C Saatchi is a creative solutions company with specialist expertise and
creativity in helping our clients grow by maximising the reach and potential
of their brands. It does this through its regional-first operating model with
five core specialisms - Advertising, Issues, Passions, Consulting and Media -
which it leverages in an integrated go-to-market approach. It has significant
global reach, with major hubs in the UK, Europe, Middle East, APAC and the
Americas and supported by global shared services.

M&C Saatchi is headquartered in London and listed on the FTSE AIM index of
the London Stock Exchange.

 

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