M&C Saatchi PLC - Result of AGM

RNS Number : 8041O

M&C Saatchi PLC

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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