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Reach plc held its Annual General Meeting (AGM) on 01 May 2025. At the AGM, resolutions 1 to 15, 19 and 21 were passed as ordinary resolutions, and resolutions 16 to 18 and 20 were passed as special resolutions, with resolution 5 withdrawn. Voting turnout for most resolutions was approximately 74.37% of the Issued Share Capital.
| Date | 1 May 2025 |
| Time | 14:30:00 |
| Category | AGMs and other meetings |
| ID | 1076H |
1 May 2025
Reach plc
Results of Annual General Meeting (AGM)
The AGM of Reach plc (the Company) was held today at 11:00 a.m. at Deutsche Numis' Offices, 45 Gresham St, London, EC2V 7BF.
All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting. Save for resolution 5, which was not put to the meeting, resolutions 1 to 15 and 19 and 21 were passed as ordinary resolutions and resolutions 16 to 18 and 20 were passed as special resolutions. The results of the poll are set out below.
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VOTES |
% |
VOTES |
% |
VOTES |
% of ISC VOTED |
VOTES |
|
1. |
Annual Report and Accounts |
236,718,334 |
99.99 |
13,972 |
0.01 |
236,732,306 |
74.37% |
58,118 |
|
2. |
Remuneration Report |
214,224,159 |
92.70 |
16,861,871 |
7.30 |
231,086,030 |
72.59% |
5,704,394 |
|
3. |
Dividend |
236,739,699 |
100.00 |
9,755 |
0.00 |
236,749,454 |
74.37% |
40,970 |
|
4. |
Re-elect Mr Nick Prettejohn |
234,848,759 |
99.21 |
1,881,243 |
0.79 |
236,730,002 |
74.36% |
60,422 |
|
5. |
WITHDRAWN |
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|
|
|
|
|
|
|
6. |
Re-elect Mr Darren Fisher |
236,516,124 |
99.91 |
215,594 |
0.09 |
236,731,718 |
74.37% |
58,706 |
|
7. |
Re-elect Ms Anne Bulford |
236,545,496 |
99.92 |
186,576 |
0.08 |
236,732,072 |
74.37% |
58,529 |
|
8. |
Re-elect Ms Priya Guha |
236,543,865 |
99.92 |
188,163 |
0.08 |
236,732,028 |
74.37% |
58,396 |
|
9. |
Re-elect Ms Denise Jagger |
236,549,893 |
99.92 |
182,435 |
0.08 |
236,732,328 |
74.37% |
58,096 |
|
10. |
Re-elect Mr Barry Panayi |
236,548,361 |
99.92 |
183,232 |
0.08 |
236,731,593 |
74.37% |
58,831 |
|
11. |
Re-elect Mr Wais Shaifta |
236,549,775 |
99.92 |
182,067 |
0.08 |
236,731,842 |
74.37% |
58,582 |
|
12. |
Re-elect Ms Olivia Streatfeild |
213,776,641 |
90.86 |
21,515,586 |
9.14 |
235,292,227 |
73.91% |
1,498,197 |
|
13. |
Re-Appoint PricewaterhouseCoopers LLP |
231,028,373 |
99.97 |
69,954 |
0.03 |
231,098,327 |
72.60% |
5,692,097 |
|
14. |
Auditors' remuneration |
236,681,768 |
99.98 |
46,896 |
0.02 |
236,728,664 |
74.36% |
61,760 |
|
15. |
Authority to Allot shares |
220,720,045 |
93.24 |
16,012,236 |
6.76 |
236,732,281 |
74.37% |
58,143 |
|
16. |
Disapplication of pre-emption rights |
216,632,475 |
91.51 |
20,108,074 |
8.49 |
236,740,549 |
74.37% |
49,875 |
|
17. |
Further disapplication of pre-emption rights |
216,620,887 |
91.50 |
20,120,667 |
8.50 |
236,741,554 |
74.37% |
48,870 |
|
18. |
Authority to Purchase own shares |
236,674,572 |
99.97 |
75,094 |
0.03 |
236,749,666 |
74.37% |
40,758 |
|
19. |
Political donations |
220,704,195 |
93.22 |
16,040,615 |
6.78 |
236,744,810 |
74.37% |
45,614 |
|
20. |
Notice period for General Meetings |
236,176,827 |
99.77 |
551,497 |
0.23 |
236,728,324 |
74.36% |
62,100 |
|
21. |
Elect Mr Piers North |
236,637,062 |
99.96 |
104,741 |
0.04 |
236,741,803 |
74.37% |
48,621 |
Notes:
1. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
2. The issued share capital figure used to calculate the percentage voted is 318,336,301. This is the figure as at the close of business on 30 April 2025 and excludes the number of ordinary shares held in treasury at that date.
3. As announced on 31 March 2025, Jim Mullen stepped down from his role as Chief Executive and director of the Company with immediate effect, with the consequence that the resolution to re-elect Jim Mullen as a director of the Company included as resolution 5 in the Notice of AGM was to be withdrawn. At the same time, it was also announced that Piers North had been appointed as Chief Executive and director of the Company and an additional resolution was proposed as resolution 21 in the Supplement to the Notice of AGM, to elect Piers North as a director of the Company.
In accordance with UK Listing Rule 6.4.13 of the UK Financial Conduct Authority (FCA), a copy of the resolutions passed as Special Business at the AGM have been submitted to the UK Listing Authority and will be available for public inspection at the National Storage Mechanism (NSM) https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
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Enquiries |
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Reach plc |
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Piers North, Chief Executive Officer Darren Fisher, Chief Financial Officer Laura Harris, Group Company Secretary
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020 7293 3000 |
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Teneo
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Giles Kernick
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020 7353 4200 |
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LEI: 213800GNI5XF3XOATR61 Classification: 3.1 Additional regulated information required to be disclosed under the laws of the United Kingdom |
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