TIDMSAGA

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 AGAINST   % OF VOTES      VOTES WITHHELD   VOTES CAST 
                                          VOTES                       CAST AGAINST                     IN TOTAL 
                                          CAST FOR                                                     (INCLUDING 
                                                                                                       VOTES WITHHELD) 
       to receive the 
       Annual Report 
       and Accounts and 
       Director 
       and Auditor 
       Reports for year 
       ended 
 1.    31 January 2022      72,853,478     99.97        19,687           0.03           110,271          72,983,436 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to approve the 
       Directors' 
       Remuneration 
 2.    Report               58,281,335     79.96      14,607,241         20.04           94,591          72,983,167 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to approve the 
       Directors' 
       Remuneration 
 3.    Policy               58,132,761     79.74      14,770,366         20.26           79,686          72,982,813 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to approve the 
       rules of the 
       Saga 
       Transformation 
 4.    Plan                 58,455,650     80.19      14,440,523         19.81           87,026          72,983,199 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to re-elect Roger 
       De Haan 
 5.    as a director        71,708,393     98.34       1,211,015         1.66            63,834          72,983,242 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to re-elect Euan 
       Sutherland 
 6.    as a director        72,672,031     99.79        152,116          0.21           159,054          72,983,201 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to re-elect James 
       Quin as 
 7.    a director           72,721,416     99.86        102,737          0.14           159,017          72,983,170 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to re-elect Orna 
       NiChionna 
 8.    as a director        67,234,611     92.33       5,586,319         7.67           162,035          72,982,965 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to re-elect Eva 
       Eisenschimmel 
 9.    as a director        59,747,108     82.04      13,076,062         17.96          159,680          72,982,850 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to re-elect Julie 
       Hopes as 
 10.   a director           69,723,916     95.74       3,100,767         4.26           158,282          72,982,965 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to re-elect Gareth 
       Hoskin 
 11.   as a director        72,318,541     99.31        500,511          0.69           163,506          72,982,558 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to re-appoint KPMG 
       LLP as 
 12.   auditor              72,754,497     99.90        72,889           0.10           155,523          72,982,909 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to authorise the 
       Audit Committee 
       to agree the 
       remuneration 
 13.   of the auditor       72,891,424     99.94        44,959           0.06            45,703          72,982,086 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to authorise the 
       Directors 
       to make political 
       donations 
       and expenditure up 
       to a specified 
 14.   amount               72,110,477     98.98        742,705          1.02           129,837          72,983,019 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to authorise the 
       Directors 
       to allot shares up 
       to a specified 
 15.   amount               71,592,395     98.17       1,330,894         1.83            58,806          72,982,095 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to authorise the 
       Directors 
       to allot shares 
       and sell 
       treasury shares 
       for cash 
       without making a 
       pre-emptive 
       offer to 
 16.   shareholders         72,097,407     98.87        825,599          1.13            59,582          72,982,588 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       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 
 17.   investment)          72,040,001     98.79        882,846          1.21            60,013          72,982,860 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to authorise the 
       Company 
       to purchase its 
 18.   own shares           71,799,373     98.65        982,057          1.35           201,468          72,982,898 
      -------------------  -----------  ----------  --------------  --------------  ---------------  ----------------- 
       to authorise the 
       Company 
       to hold general 
       meetings 
       on not less than 
       14 days' 
 19.   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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July 05, 2022 11:19 ET (15:19 GMT)

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