TIDMSAA
RNS Number : 7461C
M&C Saatchi PLC
14 June 2023
14 June 2023
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/2023 .
The following table shows the results of the votes cast.
Resolution Total For (*) Against Withheld
votes (**)
cast (excl.
Votes
Withheld)
Number Number % Number % Number
------------------- ------------- ----------- ------ ----------- ------ ----------
Ordinary Resolutions
To approve
the Annual
Report and
1 Accounts 94,824,757 94,824,757 100 0 0.00 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
To approve
the Directors'
Remuneration
2 Report 94,761,838 58,089,029 61.30 36,672,809 38.70 66,466
------------------- ------------- ----------- ------ ----------- ------ ----------
To declare
a final dividend
of 1.5 pence
3 per share 94,824,757 94,824,757 100 0 0.00 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
To reappoint
auditors
4 of the Company 94,823,757 94,817,857 99.99 6,000 0.01 4,447
------------------- ------------- ----------- ------ ----------- ------ ----------
To approve
the auditors'
5 remuneration 94,824,757 94,824,757 100 0 0.00 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
To re-elect
Louise Jackson
as a director
6 of the Company 94,824,757 67,623,191 71.31 27,201,566 28.69 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
To re-elect
Colin Jones
as a director
7 of the Company 94,824,757 94,823,191 100 1,566 0.00 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
To re-elect
Moray MacLennan
as a director
8 of the Company 94,824,757 92,728,137 97.79 2,096,620 2.21 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
To re-elect
Bruce Marson
as a director
9 of the Company 94,824,757 86,665,218 91.40 8,159,539 8.60 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
Authority
for directors
to allot
10 shares 94,824,757 67,618,091 71.31 27,206,666 28.69 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
Authority
for directors
to allot
rights issue
11 shares 94,824,757 67,616,257 71.31 27,208,500 28.69 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
Special Resolutions
Authority
for directors
to allot
shares on
a non-pre-emptive
12 basis (1) 94,824,757 90,694,049 95.64 4,130,708 4.36 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
Authority
for directors
to allot
shares on
a non-pre-emptive
13 basis (2) 94,824,757 90,694,049 95.64 4,130,708 4.36 3,547
------------------- ------------- ----------- ------ ----------- ------ ----------
Authority
for the Company
to purchase
up to 10%
of its own
14 share capital 91,714,666 91,690,491 99.97 24,175 0.03 3,113,638
------------------- ------------- ----------- ------ ----------- ------ ----------
*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 of M&C Saatchi notes that 20% or more of
votes were cast against the Board's recommendation for resolutions
2, 6, 10 and 11. 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 these
resolutions. 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/2022
For further information please call:
M&C Saatchi plc +44 (0)20-7543-4500
Moray MacLennan, Chief Executive Officer
Numis Securities +44 (0)20-7260-1000
Nick Westlake, Iqra Amin
Liberum +44 (0)20-3100-2000
Max Jones, Benjamin Cryer, Will King
Brunswick +44 (0)207-404-5959
Andrew Porter, Sumeet Desai, Kate Pope
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END
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