REG - SAGA Plc - Result of 2022 AGM

SagaAnnouncement

05/07/2022 16:30

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RNS Number : 4139R  SAGA PLC  05 July 2022

5 July 2022

SAGA PLC - ANNUAL GENERAL MEETING 2022

Results of Annual General Meeting (AGM) held on 5 July 2022

Saga plc (the Company) announces that, at its AGM held earlier today at
Enbrook Park, Sandgate, Folkestone, Kent CT20 3SE, the resolutions set out in
the Notice of AGM dated 30 May 2022 were passed following a poll on each
resolution. In accordance with the Company's Articles of Association, on a
poll every member present in person or by proxy has one vote for every share
held. Resolutions 1-15 were passed as ordinary resolutions; Resolutions 16-19
were passed as special resolutions. The following table shows the votes cast
on each resolution.

      RESOLUTION                                                                       VOTES FOR   % OF VOTES CAST FOR  VOTES AGAINST  % OF VOTES CAST AGAINST  VOTES WITHHELD  VOTES CAST IN TOTAL (INCLUDING VOTES WITHHELD)
 1.   to receive the Annual Report and Accounts and Director and Auditor Reports for   72,853,478  99.97                19,687         0.03                     110,271         72,983,436
      year ended

      31 January 2022
 2.   to approve the Directors' Remuneration Report                                    58,281,335  79.96                14,607,241     20.04                    94,591          72,983,167
 3.   to approve the Directors' Remuneration Policy                                    58,132,761  79.74                14,770,366     20.26                    79,686          72,982,813
 4.   to approve the rules of the Saga Transformation Plan                             58,455,650  80.19                14,440,523     19.81                    87,026          72,983,199
 5.   to re-elect Roger De Haan as a director                                          71,708,393  98.34                1,211,015      1.66                     63,834          72,983,242
 6.   to re-elect Euan Sutherland as a director                                        72,672,031  99.79                152,116        0.21                     159,054         72,983,201
 7.   to re-elect James Quin as a director                                             72,721,416  99.86                102,737        0.14                     159,017         72,983,170
 8.   to re-elect Orna NiChionna as a director                                         67,234,611  92.33                5,586,319      7.67                     162,035         72,982,965
 9.   to re-elect Eva Eisenschimmel as a director                                      59,747,108  82.04                13,076,062     17.96                    159,680         72,982,850
 10.  to re-elect Julie Hopes as a director                                            69,723,916  95.74                3,100,767      4.26                     158,282         72,982,965
 11.  to re-elect Gareth Hoskin as a director                                          72,318,541  99.31                500,511        0.69                     163,506         72,982,558
 12.  to re-appoint KPMG LLP as auditor                                                72,754,497  99.90                72,889         0.10                     155,523         72,982,909
 13.  to authorise the Audit Committee to agree the remuneration of the auditor        72,891,424  99.94                44,959         0.06                     45,703          72,982,086
 14.  to authorise the Directors to make political donations and expenditure up to a   72,110,477  98.98                742,705        1.02                     129,837         72,983,019
      specified amount
 15.  to authorise the Directors to allot shares up to a specified amount              71,592,395  98.17                1,330,894      1.83                     58,806          72,982,095
 16.  to authorise the Directors to allot shares and sell treasury shares for cash     72,097,407  98.87                825,599        1.13                     59,582          72,982,588
      without making a pre-emptive offer to shareholders
 17.  to authorise the Directors to allot shares and sell treasury shares for cash     72,040,001  98.79                882,846        1.21                     60,013          72,982,860
      without making a pre-emptive offer to shareholders (in connection with capital
      investment)
 18.  to authorise the Company to purchase its own shares                              71,799,373  98.65                982,057        1.35                     201,468         72,982,898
 19.  to authorise the Company to hold general meetings on not less than 14 days'      72,439,096  99.30                512,210        0.70                     30,779          72,982,085
      notice

 

Notes:

1)    A vote withheld is not a vote in law and is not counted towards votes
cast "For" or "Against" a resolution.

2)   Resolutions 16-19 inclusive were proposed as special resolutions and
required a 75% majority.

3)   The total voting rights of the Company as at 1 July 2022, the day on
which shareholders had to be on the register in order to be eligible to vote,
was 140,337,271.

4)   The results will be made available on the Company's website:
www.corporate.saga.co.uk (http://www.corporate.saga.co.uk)

5)  In accordance with LR.9.6.2 a document setting out the resolutions passed
at the AGM concerning special business has been submitted to the National
Storage Mechanism and will shortly be available for inspection at
data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

The Company was pleased that all resolutions were supported by the majority of
shareholders in a vote at today's Annual General Meeting. It also notes that a
significant minority were not able to support the Directors' Remuneration
Report and Directors' Remuneration Policy at this time. The Remuneration
Committee undertook an extensive consultation process with the majority of its
largest shareholders and representative bodies in developing the revised
Remuneration Policy. We will continue to engage with shareholders going
forward to ensure we fully understand the views of all shareholders on these
matters. In line with the UK Corporate Governance Code, we will issue an
announcement on the feedback received from those shareholders and any action
the Committee intends to take within six months of the date of this Annual
General Meeting.

 

 

Enquiries

 

Saga plc
 
Tel: 01303 771199

Vicki Haynes,

Company Secretary
 
 

Enbrook Park

Sandgate

Folkestone

Kent

CT20 3SE

 

Headland Consultancy

Susanna Voyle
 
         Tel: 07980 894 557

Will Smith
 
             Tel: 07872 350 428

 
 
                        Tel: 020 3805 4822

 
 
                         Email: saga@headlandconsultancy.com
(mailto:saga@headlandconsultancy.com)

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