S4 Capital PLC Update regarding Executive Chair (0704P)
February 06 2023 - 11:05AM
UK Regulatory
TIDMSFOR
RNS Number : 0704P
S4 Capital PLC
06 February 2023
6 February 2023
S4 Capital plc ("S 4 Capital" or the "Company")
Letter from Sir Martin Sorrell
The Company announces that its Executive Chair, Sir Martin
Sorrell successfully underwent keyhole surgery on Sunday evening in
London. Below is the note that Sir Martin has shared:
"To all S4 Monks,
I want to let you know that I had successful keyhole surgery
last night. I am making an excellent recovery, and I expect to be
in hospital for a few more days and make a full and rapid recovery
from the surgery, thereafter. During this period, S4 will run as
usual, and I will continue to be actively engaged.
I remain in contact with the Board and the senior management
team in all the usual ways and thank them for their support.
Sir Martin Sorrell
Enquiries:
S 4 Capital Tel: +65 98818957
Scott Spirit
Powerscourt (PR Adviser Tel: +44 (0) 7970
to S 4 Capital) 246 725
Elly Williamson
Jane Glover
About S 4 Capital
S(4) Capital plc (SFOR.L) is the tech-led, new age/new era
digital advertising, marketing and technology services company,
established by Sir Martin Sorrell in May 2018.
Its strategy is to build a purely digital advertising and
marketing services business for global, multinational, regional,
and local clients, and millennial-driven influencer brands. This
will be achieved by integrating leading businesses in three
practice areas: Content, Data&Digital media and Technology
services, along with an emphasis on "faster, better, more
efficient" executions in an always-on consumer-led environment,
with a unitary structure.
Digital is by far the fastest-growing segment of the advertising
market. S4Capital estimates that in 2021 digital accounted for over
60% or $420-450 billion of total global advertising spend of
$700-750 billion (excluding over $500 billion of trade promotion
marketing, the primary target of the Amazon advertising platform)
and projects that by 2022 total global advertising spend will
expand to $770-850 billion and digital's share will grow to
approximately 65% and by 2024 to approximately 70%, accelerated by
the impact of covid-19.
In 2018, S4Capital combined with MediaMonks, the leading AdAge
A-listed creative digital content production company led by Victor
Knaap and Wesley ter Haar and then with MightyHive, the market-
leading digital media solutions provider for future thinking
marketers and agencies, led by Peter Kim and Christopher S.
Martin.
Since then, MediaMonks and MightyHive have combined with a
number of companies across Content, Data&Digital media and
Technology services. For a full list, please see the S4Capital
website.
In August 2021, S4Capital launched its unitary brand by merging
MediaMonks and MightyHive into Media.Monks, represented by a
dynamic logo mark that features MightyHive's iconic hexagon. As the
operational brand, Media.Monks underpins S4Capital's agility,
digital knowledge and efficiency and is the next step in delivering
on its foundational promise to unify Content, Data&Digital
media and Technology services.
Victor Knaap, Wesley ter Haar, Christopher Martin, Scott Spirit
and Mary Basterfield all joined the S4Capital Board as Executive
Directors. The S4Capital Board also includes Rupert Faure Walker,
Paul Roy, Daniel Pinto, Sue Prevezer, Elizabeth Buchanan, Naoko
Okumoto, Margaret Ma Connolly, Miles Young and Colin Day.
The Company now has approximately 9,000 people in 32 countries
with approximately 70% of revenue across the Americas, 20% across
Europe, the Middle East and Africa and 10% across Asia-Pacific. The
longer-term objective is a split of 60%:20%:20%. Content currently
accounts for approximately 65% of revenue, Data&Digital media
25% and Technology services 10%. The long-term objective is a split
of 50%:25%:25%.
Sir Martin was CEO of WPP for 33 years, building it from a GBP1
million "shell" company in 1985 into the world's largest
advertising and marketing services company, with a market
capitalisation of over GBP16 billion on the day he left. Prior to
that Sir Martin was Group Financial Director of Saatchi &
Saatchi Company Plc for nine years.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014.
The person responsible for arranging the release of this
announcement on behalf of S4 is Caroline Kowall, General Counsel
and Company Secretary.
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END
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