TIDMMIRI
RNS Number : 8465B
Mirriad Advertising PLC
14 June 2021
14 June 2021
Mirriad Advertising plc
("Mirriad" or the "Company")
Approval of resolutions at AGM
Mirriad Advertising plc, the leading in-content advertising
company, announces that on 14 June 2021, it held its annual general
meeting of shareholders (the "Meeting").
During the business proceedings at the Meeting, Mirriad
shareholders passed all resolutions as follows:
VOTES % VOTES % VOTES % of ISC VOTES
FOR AGAINST TOTAL VOTED WITHELD
Resolution
1 - Receive
Report
and Accounts 183,255,397 100 0 0 183,255,397 65.68 8,700
------------ ------- ----------- ------ ------------ --------- -----------
Resolution
2 - Approve
Remuneration
Report 139,814,009 76.29 43,441,388 23.71 183,255,397 65.68 8,700
------------ ------- ----------- ------ ------------ --------- -----------
Resolution
3 - Re-appoint
auditor 182,471,394 99.57 784,003 0.43 183,255,397 65.68 8,700
------------ ------- ----------- ------ ------------ --------- -----------
Resolution
4 - Remuneration
of auditor 182,471,394 99.57 784,003 0.43 183,255,397 65.68 8,700
------------ ------- ----------- ------ ------------ --------- -----------
Resolution
5 - Elect
Kelsey
Lynn Skinner 156,776,388 88.10 21,178,243 11.90 177,954,631 63.78 5,309,466
------------ ------- ----------- ------ ------------ --------- -----------
Resolution
6 - Re-elect
John Pearson 156,776,388 94.88 8,466,924 5.12 165,243,312 59.23 18,020,785
------------ ------- ----------- ------ ------------ --------- -----------
Resolution
7 - Re-elect
David
Dorans 183,255,397 100.00 0 0 183,255,397 65.68 8,700
------------ ------- ----------- ------ ------------ --------- -----------
Resolution
8 - Authority
to allot
shares 183,255,397 100.00 0 0 183,255,397 65.68 8,700
------------ ------- ----------- ------ ------------ --------- -----------
Resolution
9 - Disapplication
of pre-emption
rights 181,581,647 99.11 1,623,750 0.89 183,205,397 65.66 58,700
------------ ------- ----------- ------ ------------ --------- -----------
Notes:
1. All resolutions were passed.
2. The Company notes it received 43,441,388 votes against
Resolution 2. Although this only represented 23.71% of the total
votes cast, the board acknowledges that it is more than 20% of the
independent votes cast in respect of Resolution 2. The Board
acknowledges that this was based on a potential concern about the
level of independence of certain Non-executive Directors, given the
share option packages they received during the year. These options
were fully disclosed in the Annual Report and Account for 2019 and
were the subject of a shareholder vote on the Remuneration Report
at the 2020 AGM which was unanimously carried.
The Chairman noted in his Corporate Governance Statement in the
2020 Annual Report and Accounts that, although he and Bob Head have
been granted options to purchase shares in the Company, t he Board
as a whole is satisfied that both he and Bob Head are considered by
the Board to be independent in character and judgement and that
there are no relationships or circumstances that would materially
affect or interfere with the exercise of their independent
judgement, including the options held.
Following today's AGM result, the Board will reflect and review
its policy on Non-executive Director remuneration and will look to
discuss further with its institutional shareholders as
appropriate.
3. The full text of the resolutions passed at the AGM can be
found in the Notice of Annual General Meeting made available on the
Company's website at
mirriadplc.com/investor-relations/reports-and-documents.
4. Computershare acted as scrutineer of the poll on all resolutions.
John Pearson, Chairman of Mirriad , said: "We have worked hard
to provide operational stability during what has been a challenging
period, and I'm pleased to see this recognised by shareholders
today. Our priority remains building for long-term scale while also
maximising shareholder value.
ENDS
About Mirriad
Mirriad's market-first solution seamlessly integrates with
existing subscription and advertising models, improving the viewer
experience by limiting commercial interruptions whilst delivering
dramatically increased reach and impact for advertisers.
Mirriad currently operates in the US, Europe and China.
Enquiries:
For further information please visit www.mirriad.com or
contact:
Mirriad Advertising plc
Stephan Beringer, Chief Executive Officer
David Dorans, Chief Financial Officer
Tel: +44 (0)207 884 2530
Nominated Adviser & Broker:
Canaccord Genuity Limited
Simon Bridges
Richard Andrews
Thomas Diehl
Tel: +44 (0)20 7523 8000
Financial Communications:
Charlotte Street Partners
Tom Gillingham Tel: +44 (0) 7741 659021
Andrew Wilson Tel: +44 (0) 7810 636995
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END
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