RNS Number : 8041O
M&C Saatchi PLC
16 May 2024
 

16 May 2024

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/2024.

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

101,768,542

101,768,542

100

0

0

1,497

2

To approve the Directors' Remuneration Report

101,770,039

101,695,385

99.93

74,654

0.07

0

3

To declare a final dividend of 1.6 pence per share

101,770,039

101,770,039

100

0

0

0

4

To reappoint auditors of the Company

101,770,039

101,714,632

99.95

55,407

0.05

0

5

To approve the auditors' remuneration

101,770,039

101,714,632

99.95

55,407

0.05

0

6

To re-elect Zillah Byng-Thorne as a director of the Company

101,713,135

99,292,808

97.62

2,420,327

2.38

56,904

7

To re-elect Bruce Marson as a director of the Company

101,713,135

101,713,135

100

0

0

56,904

8

To re-elect Louise Jackson as a director of the Company

101,668,135

69,247,289

68.11

32,420,846

31.89

56,904

9

To re-elect Colin Jones as a director of the Company

101,713,135

101,713,135

100

0

0

56,904

10

To re-elect Dame Heather Rabbatts as a director of the Company

101,713,135

101,712,885

100

250

0

56,904

11

To re-elect Chris Sweetland as a director of the Company

98,768,542

93,265,143

94.43

5,503,399

5.57

3,001,497

12

Authority for directors to allot shares

101,770,039

101,768,542

100

1,497

0

0

13

Authority for directors to allot rights issue shares

101,770,039

101,768,542

100

1,497

0

0

Special Resolutions

14

Authority for directors to allot shares on a non-pre-emptive basis (1)

101,770,039

99,568,100

97.84

2,201,939

2.16

0

15

Authority for directors to allot shares on a non-pre-emptive basis (2)

101,770,039

101,768,542

100

1,497

0

0

16

Authority for the Company to purchase up to 10% of its own share capital

99,270,039

99,252,539

99.98

17,500

0.02

2,500,000

17

To adopt new articles of association of the Company

101,770,039

101,713,135

99.94

56,904

0.06

0

 

*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.

The Board of M&C Saatchi notes that 20% or more of votes were cast against the Board's recommendation for resolution 8. 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 this resolution. 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/2024.

M&C Saatchi

+44 (0)20-7543-4500

Zillah Byng-Thorne, Chair

Zaid Al-Qassab, Chief Executive Officer


Bruce Marson, Chief Financial Officer


Jill Sherratt, Investor Relations


Headland Consultancy

+44 (0)20 3805 4822

Charlie Twigg

 

Liberum Capital - Nominated Adviser and Joint Broker

+44 (0)20-3100-2000

Max Jones, Edward Mansfield, Will King

 

Deutsche Numis - Joint broker

+44 (0)20-7260-1000

Nick Westlake, Iqra Amin

 

 

About M&C Saatchi

M&C Saatchi is a creative solutions company with specialist expertise and creativity in helping our clients grow by maximising the reach and potential of their brands. It does this through its regional-first operating model with five core specialisms - Advertising, Issues, Passions, Consulting and Media - which it leverages in an integrated go-to-market approach. It has significant global reach, with major hubs in the UK, Europe, Middle East, APAC and the Americas and supported by global shared services.

M&C Saatchi is headquartered in London and listed on the FTSE AIM index of the London Stock Exchange.

 

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