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LONDON - WPP PLC (LSE:LON:WPP), a global leader in creative transformation, announced the successful passing of all resolutions at its Annual General Meeting (AGM) held on Friday. The company, which had detailed the full text of the resolutions in its Notice of AGM on March 28, 2025, saw substantial shareholder support across all items on the agenda.
The AGM resulted in the approval of 19 ordinary resolutions and three special resolutions by a significant majority. Key resolutions included the acceptance of the 2024 Annual Report and Accounts, with nearly 100% of votes in favor, and the authorization for the company to purchase its own shares, which received 99.76% approval.
Shareholders also voted to declare a final dividend, with 99.85% in favor, and approved the Compensation Committee report, though with a lower majority of 87%. The election and re-election of board directors were strongly supported, with the highest approval rate at 99.95% for the re-election of Mark Read CBE as a Director.
The ordinary resolution to re-elect Simon Dingemans as a Director received the least support among director-related resolutions, with 87.62% approval. The authorization for the Directors to allot relevant securities was approved by 85.59% of the votes, the lowest percentage among all resolutions, yet still a substantial majority.
The resolutions to authorize the Directors to allot equity securities for cash and to authorize the disapplication of pre-emption rights were passed as special resolutions with 97.20% and 88.08% approval, respectively.
The voting results reflected a strong endorsement from shareholders for the company’s strategic direction and governance practices. According to the company’s announcement, votes withheld are not considered votes in law and are not counted in the calculation of votes "for" or "against" a resolution.
The outcomes of the AGM are set to be made available on WPP’s website, and in compliance with Listing Rule 6.4.2, resolutions other than those concerning ordinary business will be submitted to the Financial Conduct Authority and will be accessible for inspection at the National Storage Mechanism.
This report is based on a press release statement provided by WPP PLC.
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