TIDMASCL

RNS Number : 1468X

Ascential PLC

18 December 2023

18 December 2023

ASCENTIAL PLC

Results of General Meeting

and update on regulatory reviews

Results of the General Meeting

Ascential plc ("Ascential" or the "Company") announces the results of voting on the resolutions at its general meeting held at 10:00am today (the "General Meeting").

The General Meeting was held to invite shareholders to consider resolutions in connection with the proposed sales of the Company's digital commerce business to Omnicom Group Inc. (the "Digital Commerce Sale") and its product design business to Wind UK Bidco 3 Limited, a newly formed company established by funds advised by Apax Partners LLP (the "WGSN Sale"), as described in the announcement released on 30 October 2023 and the circular (including the Notice of General Meeting) published on 1 December 2023.

The Company is pleased to announce that each of the interconditional ordinary resolutions approving the Digital Commerce Sale and the WGSN Sale were duly passed by the requisite majority of the Company's shareholders. The results of the votes are shown in the table below and will also be available on the Company's website.

 
 Resolution        Votes For             Votes Against       Total Votes               Votes withheld 
                                                              Cast (Excluding 
                                                              votes withheld) 
                   Number        %       Number       %      Number        % of        Number of 
                    of shares             of shares           of shares     relevant    shares 
                                                                            shares 
                                                                            in issue 
                  ------------  ------  -----------  -----  ------------  ----------  --------------- 
 To approve 
  the Digital 
  Commerce Sale    349,214,541   98.63   4,836,009    1.37   354,050,550   79.61       9,049 
                  ------------  ------  -----------  -----  ------------  ----------  --------------- 
 To approve 
  the WGSN Sale    349,213,801   98.63   4,836,105    1.37   354,049,906   79.61       9,693 
                  ------------  ------  -----------  -----  ------------  ----------  ---------------

The total voting rights of the Company as at 6:30pm on 14 December 2023, the time by which shareholders wanting to attend, speak and vote at the General Meeting were required to be entered on the register, was 444,738,720 ordinary shares of 1p each. The Company does not hold any shares in treasury.

Any vote that gave the Chairman discretion has been included in the 'For' votes. A vote withheld is not a vote in law and is not counted towards the votes cast 'For' or 'Against' a resolution.

In accordance with Listing Rule 9.6.2R, a copy of the resolutions will shortly be available for inspection at the National Storage Mechanism document viewing facility at

https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Update on regulatory processes

The Company is also pleased to announce that in respect of the Digital Commerce Sale and the WGSN Sale, all required regulatory processes are progressing as expected, with no objections raised to date, and the transactions remain on course to complete early in Q1 2024.

Enquiries:

 
 Ascential plc 
 Duncan Painter, Chief Executive Officer    +44 (0)20 7516 5000 
 Mandy Gradden, Chief Financial Officer 
 Rory Elliott, Investor Relations 
  Director 
 
 FTI Consulting LLP, Media enquiries 
 Matt Dixon                                 +44 (0)20 3727 1000 
 Jamie Ricketts 
 Edward Bridges

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END

ROMEAEAPFENDFFA

(END) Dow Jones Newswires

December 18, 2023 05:10 ET (10:10 GMT)

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