REG - M&C Saatchi PLC - Result of Annual General Meeting

M&C SaatchiAnnouncement

14/06/2023 16:15

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RNS Number : 7461C  M&C Saatchi PLC  14 June 2023

14 June 2023

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/2023.

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                                 94,824,757                                94,824,757  100    0           0.00   3,547
 2       To approve the Directors' Remuneration Report                             94,761,838                                58,089,029  61.30  36,672,809  38.70  66,466
 3       To declare a final dividend of 1.5 pence per share                        94,824,757                                94,824,757  100    0           0.00   3,547
 4       To reappoint auditors of the Company                                      94,823,757                                94,817,857  99.99  6,000       0.01   4,447
 5       To approve the auditors' remuneration                                     94,824,757                                94,824,757  100    0           0.00   3,547
 6       To re-elect Louise Jackson as a director of the Company                   94,824,757                                67,623,191  71.31  27,201,566  28.69  3,547
 7       To re-elect Colin Jones as a director of the Company                      94,824,757                                94,823,191  100    1,566       0.00   3,547
 8       To re-elect Moray MacLennan as a director of the Company                  94,824,757                                92,728,137  97.79  2,096,620   2.21   3,547
 9       To re-elect Bruce Marson as a director of the Company                     94,824,757                                86,665,218  91.40  8,159,539   8.60   3,547
 10      Authority for directors to allot shares                                   94,824,757                                67,618,091  71.31  27,206,666  28.69  3,547
 11      Authority for directors to allot rights issue shares                      94,824,757                                67,616,257  71.31  27,208,500  28.69  3,547
 Special Resolutions
 12      Authority for directors to allot shares on a non-pre-emptive basis (1)    94,824,757                                90,694,049  95.64  4,130,708   4.36   3,547
 13      Authority for directors to allot shares on a non-pre-emptive basis (2)    94,824,757                                90,694,049  95.64  4,130,708   4.36   3,547
 14      Authority for the Company to purchase up to 10% of its own share capital  91,714,666                                91,690,491  99.97  24,175      0.03   3,113,638

 

*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.

However, the Board of M&C Saatchi notes that 20% or more of votes were
cast against the Board's recommendation for resolutions 2, 6, 10 and 11. 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 these resolutions. 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/2022
(https://www.mcsaatchiplc.com/reports-results/2022)

 For further information please call:

 M&C Saatchi plc                            +44 (0)20-7543-4500
 Moray MacLennan, Chief Executive Officer
 Numis Securities                          +44 (0)20-7260-1000
 Nick Westlake, Iqra Amin

 Liberum                                   +44 (0)20-3100-2000
 Max Jones, Benjamin Cryer, Will King
 Brunswick                                 +44 (0)207-404-5959
 Andrew Porter, Sumeet Desai, Kate Pope

 

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