Result of Annual General Meeting

RNS Number : 8718Q

M&C Saatchi PLC

30 June 2022

 

30 June 2022

M&C Saatchi plc

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

Result of Annual General Meeting

M&C Saatchi plc confirms that at the Company's 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 www.mcsaatchiplc.com/reports-results/2022 .

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	99,427,095	99,424,917	100.00	2,178	0.00	43,583
2	To approve the Directors' Remuneration Report	72,269,478	68,294,602	94.50	3,974,876	5.50	27,201,200
3	To reappoint auditors of the Company	99,469,478	99,462,800	99.99	6,678	0.01	1,200
4	To approve the auditors' remuneration	99,469,478	99,424,381	99.95	45,097	0.05	1,200
5	To re-appoint Gareth Davis as a director of the Company	99,140,388	67,404,434	67.99	31,735,954	32.01	330,290
6	To re-appoint Lisa Gordon as a director of the Company	99,469,478	67,395,447	67.75	32,074,031	32.25	1,200
7	To re-appoint Louise Jackson as a director of the Company	99,469,478	98,082,122	98.61	1,387,356	1.39	1,200
8	To re-appoint Colin Jones as a director of the Company	99,469,478	98,082,122	98.61	1,387,356	1.39	1,200
9	To re-appoint Moray MacLennan as a director of the Company	99,469,478	99,444,626	99.98	24,852	0.02	1,200
10	Authority for directors to allot shares	99,462,780	99,460,602	100.00	2,178	0.00	7,898
11	Authority for directors to allot rights issue shares	99,462,780	99,458,602	100.00	4,178	0.00	7,898
Special Resolutions
12	Authority for directors to allot shares on a non-pre-emptive basis (1)	99,457,964	95,002,029	95.52	4,455,935	4.48	12,714
13	Authority for directors to allot shares on a non-pre-emptive basis (2)	99,457,964	95,002,029	95.52	4,455,935	4.48	12,714
14	Authority for the Company to purchase up to 10% of its own share capital	99,455,791	99,431,413	99.98	24,378	0.02	14,887

*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 recognises that some shareholders opposed resolutions 5 and 6 being the re-appointments of Gareth Davis and Lisa Gordon, respectively, as directors of the Company. The Board notes that a significant proportion of the votes cast against resolutions 5 and 6 were cast by AdvancedAdvT Limited ("ADV") and Vin Murria, a director of ADV.  ADV has made a hostile offer for the Company.

The Board remains focused on delivering its strategy as set out in the Next Fifteen Communications Group plc scheme document published on 17 June 2022 and the ADV offer defence circular published on 28 June 2022.

The results of the poll will be published on the Company's website www.mcsaatchiplc.com/reports-results/2022

For further information please call: M&C Saatchi plc   [phone] Gareth Davis, Chairman Numis Securities   [phone] Nick Westlake, Stuart Ord, Iqra Amin, Gary Barford Liberum   [phone] Neil Patel, Benjamin Cryer, Will King, NOMAD Tim Medak, Mark Harrison, M&A Brunswick [phone] Sumeet Desai, Stuart Donnelly, Kate Pope

 

END

 

 

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