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.
