Result of AGM

RNS Number : 2529N
Balfour Beatty PLC
14 May 2015
 



AGM Results

 

Balfour Beatty plc (the "Company") announces that, at its Annual General Meeting ("AGM") held earlier today, the resolutions set out in the Notice of AGM dated 14 April 2015 were passed following a poll on each resolution.

 

The results of the polls were as follows:

 


For

Against

Votes Withheld

Resolution 1: To adopt the Directors' Report and Accounts for the year ended 31 December 2014

 

492,027,435

(99.93%)

336,078

(0.07%)

7,977,260

 

Resolution 2: To approve the Directors' Remuneration Report for the year ended 31 December 2014

 

326,935,338

(68.03%)

153,641,260

(31.97%)

19,764,175

 

Resolution 3: To elect Mr P S Aiken AM as a Director

 

491,723,287

(98.45%)

7,739,172

(1.55%)

878,314

 

Resolution 4: To re-elect Mr R M Amen as a Director

 

492,056,363

(98.46%)

7,682,033

(1.54%)

602,138

 

Resolution 5: To elect Mr S J Doughty CMG as a Director

 

496,858,753

(99.43%)

2,869,248

(0.57%)

612,533

 

Resolution 6: To re-elect Mr I G T Ferguson CBE as a Director

 

491,216,250 (98.30%)

8,517,729

(1.70%)

606,555

 

Resolution 7: To re-elect Mrs V M Kempston Darkes as a Director

 

495,411,465

(99.13%)

4,327,931

(0.87%)

601,180

 

Resolution 8: To elect Mr L M Quinn as a Director

 

487,637,129

(97.58%)

12,114,031

(2.42%)

587,471

 

Resolution 9: To re-elect Mr G C Roberts as a Director

 

491,487,761

(98.35%)

8,247,006

(1.65%)

605,767

 

Resolution 10: To reappoint Deloitte LLP as auditor

 

468,913,236

(99.02%)

4,621,623

(0.98%)

26,804,176

 

Resolution 11: To authorise the Directors to determine the remuneration of the auditor

 

471,672,143

(98.92%)

5,152,972

(1.08%)

23,515,419

 

Resolution 12: To authorise the Company and its UK subsidiaries to incur political expenditure

 

491,538,820

(98.37%)

8,161,440

(1.63%)

640,274

 

Resolution 13: To authorise the Directors to allot shares

 

494,284,582

(98.91%)

5,460,465

(1.09%)

595,487

 

Resolution 14: To authorise the Directors to allot shares for cash*

 

499,188,791

(99.89%)

554,542

(0.11%)

596,201

 

Resolution 15: To renew the authority for the Company to purchase its own ordinary and preference shares*

 

499,318,983

(99.92%)

415,736

(0.08%)

605,815

 

Resolution 16: To authorise the Company to hold on 14 clear days' notice*

 

465,976,950

(93.28%)

33,546,717

(6.72%)

816,867

 

* Special resolution

 

The Company notes the significant number of votes cast against Resolution 2, the advisory vote on the Directors' Remuneration Report.  As shareholders are aware, 2014 was a challenging year for the Company and the Remuneration Committee had to deal with a number of non-standard issues.  The Board  takes its responsibility to engage with investors seriously and, therefore, will conduct a thorough assessment of the feedback received.

 

Notes:

 

1          The percentages above are rounded to two decimal places.

 

2          A vote withheld is not a vote in law and is not counted in the calculation of votes "For" and "Against" a resolution.

 

3          The total number of Ordinary Shares of 50p each in the Company in issue at 6.00 pm on 12 May 2015 was 689,509,381, each carrying one vote. 

 

4          Resolutions 14 to 16 were each passed as Special Resolutions.

 

In accordance with Listing Rule 9.6.2R, copies of each of Resolutions 12 to 16 will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

 

 

 

14 May 2015


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RAGUSONRVWAVAAR
UK 100

Latest directors dealings