Result of 2022 AGM

RNS Number : 4139R
SAGA PLC
05 July 2022
 

5 July 2022

SAGA PLC - ANNUAL GENERAL MEETING 2022

Results of Annual General Meeting (AGM) held on 5 July 2022

Saga plc (the Company) announces that, at its AGM held earlier today at Enbrook Park, Sandgate, Folkestone, Kent CT20 3SE, the resolutions set out in the Notice of AGM dated 30 May 2022 were passed following a poll on each resolution. In accordance with the Company's Articles of Association, on a poll every member present in person or by proxy has one vote for every share held. Resolutions 1-15 were passed as ordinary resolutions; Resolutions 16-19 were passed as special resolutions. The following table shows the votes cast on each resolution.


RESOLUTION

VOTES FOR

% OF VOTES CAST FOR

VOTES AGAINST

% OF VOTES CAST AGAINST

VOTES WITHHELD

VOTES CAST IN TOTAL (INCLUDING VOTES WITHHELD)

1.

to receive the Annual Report and Accounts and Director and Auditor Reports for year ended

31 January 2022

72,853,478

99.97

19,687

0.03

110,271

72,983,436

2.

to approve the Directors' Remuneration Report

58,281,335

79.96

14,607,241

20.04

94,591

72,983,167

3.

to approve the Directors' Remuneration Policy

58,132,761

79.74

14,770,366

20.26

79,686

72,982,813

4.

to approve the rules of the Saga Transformation Plan

58,455,650

80.19

14,440,523

19.81

87,026

72,983,199

5.

to re-elect Roger De Haan as a director

71,708,393

98.34

1,211,015

1.66

63,834

72,983,242

6.

to re-elect Euan Sutherland as a director

72,672,031

99.79

152,116

0.21

159,054

72,983,201

7.

to re-elect James Quin as a director

72,721,416

99.86

102,737

0.14

159,017

72,983,170

8.

to re-elect Orna NiChionna as a director

67,234,611

92.33

5,586,319

7.67

162,035

72,982,965

9.

to re-elect Eva Eisenschimmel as a director

59,747,108

82.04

13,076,062

17.96

159,680

72,982,850

10.

to re-elect Julie Hopes as a director

69,723,916

95.74

3,100,767

4.26

158,282

72,982,965

11.

to re-elect Gareth Hoskin as a director

72,318,541

99.31

500,511

0.69

163,506

72,982,558

12.

to re-appoint KPMG LLP as auditor

72,754,497

99.90

72,889

0.10

155,523

72,982,909

13.

to authorise the Audit Committee to agree the remuneration of the auditor

72,891,424

99.94

44,959

0.06

45,703

72,982,086

14.

to authorise the Directors to make political donations and expenditure up to a specified amount

72,110,477

98.98

742,705

1.02

129,837

72,983,019

15.

to authorise the Directors to allot shares up to a specified amount

71,592,395

98.17

1,330,894

1.83

58,806

72,982,095

16.

to authorise the Directors to allot shares and sell treasury shares for cash without making a pre-emptive offer to shareholders

72,097,407

98.87

825,599

1.13

59,582

72,982,588

17.

to authorise the Directors to allot shares and sell treasury shares for cash without making a pre-emptive offer to shareholders (in connection with capital investment)

72,040,001

98.79

882,846

1.21

60,013

72,982,860

18.

to authorise the Company to purchase its own shares

71,799,373

98.65

982,057

1.35

201,468

72,982,898

19.

to authorise the Company to hold general meetings on not less than 14 days' notice

72,439,096

99.30

512,210

0.70

30,779

72,982,085

 

Notes:

1)  A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.

2)   Resolutions 16-19 inclusive were proposed as special resolutions and required a 75% majority.

3)   The total voting rights of the Company as at 1 July 2022, the day on which shareholders had to be on the register in order to be eligible to vote, was 140,337,271.

4)   The results will be made available on the Company's website: www.corporate.saga.co.uk

5)  In accordance with LR.9.6.2 a document setting out the resolutions passed at the AGM concerning special business has been submitted to the National Storage Mechanism and will shortly be available for inspection at data.fca.org.uk/#/nsm/nationalstoragemechanism

 

The Company was pleased that all resolutions were supported by the majority of shareholders in a vote at today's Annual General Meeting. It also notes that a significant minority were not able to support the Directors' Remuneration Report and Directors' Remuneration Policy at this time. The Remuneration Committee undertook an extensive consultation process with the majority of its largest shareholders and representative bodies in developing the revised Remuneration Policy. We will continue to engage with shareholders going forward to ensure we fully understand the views of all shareholders on these matters. In line with the UK Corporate Governance Code, we will issue an announcement on the feedback received from those shareholders and any action the Committee intends to take within six months of the date of this Annual General Meeting.

 

 

Enquiries

 

Saga plc   Tel: 01303 771199
Vicki Haynes,

Company Secretary     

Enbrook Park

Sandgate

Folkestone
Kent
CT20 3SE

 

Headland Consultancy

Susanna Voyle                                                                                                        Tel: 07980 894 557

Will Smith                                                                                                              Tel: 07872 350 428

                                                                                                                                Tel: 020 3805 4822

                                                                                                                                 Email: saga@headlandconsultancy.com

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