REG - S4 Capital PLC - Update regarding Executive Chair

S4 CapitalAnnouncement

06/02/2023 16:15

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RNS Number : 0704P  S4 Capital PLC  06 February 2023

6 February 2023

 

S4 Capital plc ("S4Capital" or the "Company")
Letter from Sir Martin Sorrell

The Company announces that its Executive Chair, Sir Martin Sorrell
successfully underwent keyhole surgery on Sunday evening in London. Below is
the note that Sir Martin has shared:

 

"To all S4 Monks,

 

I want to let you know that I had successful keyhole surgery last night. I am
making an excellent recovery, and I expect to be in hospital for a few more
days and make a full and rapid recovery from the surgery, thereafter. During
this period, S4 will run as usual, and I will continue to be actively engaged.

 

I remain in contact with the Board and the senior management team in all the
usual ways and thank them for their support.

 

Sir Martin Sorrell

 

Enquiries:

 

 

 

 

 S4Capital                              Tel: +65 98818957
 Scott Spirit
 Powerscourt (PR Adviser to S4Capital)  Tel: +44 (0) 7970 246 725
 Elly Williamson
 Jane Glover

 

 

About S4Capital

 

S(4)Capital plc (SFOR.L) is the tech-led, new age/new era digital advertising,
marketing and technology services company, established by Sir Martin Sorrell
in May 2018.

 

Its strategy is to build a purely digital advertising and marketing services
business for global, multinational, regional, and local clients, and
millennial-driven influencer brands. This will be achieved by integrating
leading businesses in three practice areas: Content, Data&Digital media
and Technology services, along with an emphasis on "faster, better, more
efficient" executions in an always-on consumer-led environment, with a unitary
structure.

 

Digital is by far the fastest-growing segment of the advertising market.
S4Capital estimates that in 2021 digital accounted for over 60% or $420-450
billion of total global advertising spend of $700-750 billion (excluding over
$500 billion of trade promotion marketing, the primary target of the Amazon
advertising platform) and projects that by 2022 total global advertising spend
will expand to $770-850 billion and digital's share will grow to approximately
65% and by 2024 to approximately 70%, accelerated by the impact of covid-19.

 

In 2018, S4Capital combined with MediaMonks, the leading AdAge A-listed
creative digital content production company led by Victor Knaap and Wesley ter
Haar and then with MightyHive, the market- leading digital media solutions
provider for future thinking marketers and agencies, led by Peter Kim and
Christopher S. Martin.

Since then, MediaMonks and MightyHive have combined with a number of companies
across Content, Data&Digital media and Technology services. For a full
list, please see the S4Capital website.

 

In August 2021, S4Capital launched its unitary brand by merging MediaMonks and
MightyHive into Media.Monks, represented by a dynamic logo mark that features
MightyHive's iconic hexagon. As the operational brand, Media.Monks underpins
S4Capital's agility, digital knowledge and efficiency and is the next step in
delivering on its foundational promise to unify Content, Data&Digital
media and Technology services.

 

Victor Knaap, Wesley ter Haar, Christopher Martin, Scott Spirit and Mary
Basterfield all joined the S4Capital Board as Executive Directors. The
S4Capital Board also includes Rupert Faure Walker, Paul Roy, Daniel Pinto, Sue
Prevezer, Elizabeth Buchanan, Naoko Okumoto, Margaret Ma Connolly, Miles Young
and Colin Day.

 

The Company now has approximately 9,000 people in 32 countries with
approximately 70% of revenue across the Americas, 20% across Europe, the
Middle East and Africa and 10% across Asia-Pacific. The longer-term objective
is a split of 60%:20%:20%. Content currently accounts for approximately 65% of
revenue, Data&Digital media 25% and Technology services 10%. The long-term
objective is a split of 50%:25%:25%.

 

Sir Martin was CEO of WPP for 33 years, building it from a £1 million "shell"
company in 1985 into the world's largest advertising and marketing services
company, with a market capitalisation of over £16 billion on the day he left.
Prior to that Sir Martin was Group Financial Director of Saatchi & Saatchi
Company Plc for nine years.

 

This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014.

 

The person responsible for arranging the release of this announcement on
behalf of S4 is Caroline Kowall, General Counsel and Company Secretary.

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