SAGA PLC

National Storage Mechanism | Additional information

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: [email protected]

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