Reach Plc Regulatory News (RCH)

6 November 2020

Reach plc

("Reach" or the "Company")

2020 Annual General Meeting - Update Statement

Reach is providing its update in accordance with the requirement of Provision 4 of the UK Corporate Governance Code 2018.

In its 2020 Annual General Meeting ("AGM") results announcement on 7 May 2020, the Company reported that all resolutions were passed. The total votes in favour of resolution 9 concerning the re-election of Steve Hatch, an independent non-executive director were 67.13%.

In view of the 32.87% vote against Mr. Hatch's re-election, the Company has engaged with major shareholders to understand their views. It has also reviewed the reports of proxy agencies in relation to their voting recommendation in respect of the AGM. The negative vote was understood to be due to Mr. Hatch's record of attendance at board and committee meetings in 2019.

The Board regards Mr. Hatch's broad contribution as invaluable and benefits greatly from his expertise, insight and guidance he provides to the Company. Mr. Hatch is involved in all key debates and decisions and the development of the Company strategy. The Board is grateful for the engagement and feedback from shareholders and the Company will continue to engage with shareholders on this matter as appropriate and provide any further update in the Company's 2020 Annual Report and Accounts.

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