REG - Reach PLC - 2020 AGM Update Statement

ReachAnnouncement

06/11/2020 14:00

RNS Number : 5513E
  
Reach PLC
  
06 November 2020
  
 

6 November 2020
Reach plc
("Reach" or the "Company")
2020 Annual General Meeting - Update Statement
Reach is providing its update in accordance with the requirement of Provision 4 of the UK Corporate Governance Code 2018.
In its 2020 Annual General Meeting ("AGM") results announcement on 7 May 2020, the Company reported that all resolutions were passed.  The total votes in favour of resolution 9 concerning the re-election of Steve Hatch, an independent non-executive director were 67.13%.
In view of the 32.87% vote against Mr. Hatch's re-election, the Company has engaged with major shareholders to understand their views. It has also reviewed the reports of proxy agencies in relation to their voting recommendation in respect of the AGM. The negative vote was understood to be due to Mr. Hatch's record of attendance at board and committee meetings in 2019.
The Board regards Mr. Hatch's broad contribution as invaluable and benefits greatly from his expertise, insight and guidance he provides to the Company.  Mr. Hatch is involved in all key debates and decisions and the development of the Company strategy. The Board is grateful for the engagement and feedback from shareholders and the Company will continue to engage with shareholders on this matter as appropriate and provide any further update in the Company's 2020 Annual Report and Accounts.
 
 
Enquiries:  



Reach


 




Jim Mullen, Chief Executive Officer
Simon Fuller, Chief Financial Officer
Lorraine Clover, Group Company Secretary


 
 
company.secretary@reachplc.com




 
Tulchan


 




David Allchurch /Giles Kernick


020 7353 4200
reachplc@tulchangroup.com




 


 




 


 




 
LEI: 213800GNI5XF3XOATR61
Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State


 








 

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