Result of AGM

Balfour Beatty PLC
12 May 2023
 

Balfour Beatty plc (the 'Company')

AGM Results

12 May 2023

 

Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held on 12 May 2023, the resolutions set out in the Notice of AGM dated 31 March 2023 were passed following a poll on each resolution.

 

Resolutions 1 to 17 were passed as Ordinary Resolutions and Resolutions 18 to 20 were passed as Special Resolutions. The table below details votes cast on each resolution.

 

 

Votes For

And

Discretionary

%

Votes Against

%

Votes Total

Votes

Withheld

% of ISC Voted (excluding shares held in Treasury)

Resolution 1:

To adopt the Directors' Report and Accounts for the year ended 31 December 2022

449,995,564

100.00

2,694

0.00

449,998,258

470,355

76.60%

Resolution 2:

To approve the Directors' Remuneration Report for the year ended 31 December 2022

427,684,140

94.95

22,735,424

5.05

450,419,564

49,049

76.68%

Resolution 3:

To approve the Directors' Remuneration Policy

364,512,799

81.11

84,890,014

18.89

449,402,813

1,065,800

76.50%

Resolution 4:

To declare a final dividend of 7.0p per ordinary share of the Company

450,464,495

100.00

1,680

0.00

450,466,175

2,438

76.68%

Resolution 5:

To re-elect Mr C Allen, Lord Allen of Kensington CBE as a Director

350,875,923

83.61

68,763,630

16.39

419,639,553

30,829,060

71.44%

Resolution 6:

To re-elect Dr S R Billingham CBE as a Director

 

443,008,519

98.35

7,423,465

1.65

450,431,984

36,629

76.68%

Resolution 7:

To re-elect Mr S J Doughty CMG as a Director

443,029,508

98.36

7,407,031

1.64

450,436,539

32,074

76.68%

Resolution 8:

To re-elect Ms A Drinkwater as a Director

449,417,489

99.77

1,019,372

0.23

450,436,861

31,752

76.68%

Resolution 9:

To re-elect Ms L J Hardy as a Director

448,229,061

99.51

2,194,065

0.49

450,423,126

45,487

76.68%

Resolution 10:

To re-elect Mr P J Harrison as a Director

449,409,626

99.77

1,024,245

0.23

450,433,871

34,742

76.68%

Resolution 11:

To re-elect Mr M A Lucki as a Director

449,365,735

99.76

1,071,318

0.24

450,437,053

31,560

76.68%

Resolution 12:

To re-elect Ms B J Moorhouse as a Director

442,137,452

98.16

8,300,975

1.84

450,438,427

30,186

76.68%

Resolution 13:

To re-elect Mr L M Quinn as a Director

450,293,811

99.97

147,989

0.03

450,441,800

26,813

76.68%

Resolution 14:

To reappoint KPMG LLP as auditor

435,668,958

96.73

14,725,397

3.27

450,394,355

71,258

76.67%

Resolution 15:

To authorise the Directors to determine the remuneration of the auditor

449,957,908

99.89

480,387

0.11

450,438,295

30,318

76.68%

Resolution 16:

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

441,257,674

97.97

9,156,072

2.03

450,413,746

54,867

76.67%

Resolution 17:

To authorise the Directors to allot shares

428,357,819

95.10

22,085,796

4.90

450,443,615

24,998

76.68%

Resolution 18:

To authorise the Directors to allot shares for cash on a non pre-emptive basis

 

447,876,110

99.43

2,556,628

0.57

450,432,738

35,875

76.68%

Resolution 19:

To renew the authority for the Company to purchase its own ordinary shares

420,672,366

93.46

29,424,734

6.54

450,097,100

371,513

76.62%

Resolution 20:

To authorise the Company to hold meetings, other than an Annual General Meeting, on 14 clear days' notice

433,239,347

96.18

17,220,787

3.82

450,460,134

8,479

76.68%

 

 

Notes:

1.    The "for" votes include those giving the Chair of the AGM discretion.

2.    Votes "for" and "against" are expressed as a percentage of the total votes cast (excluding votes withheld).

3.    The percentages above are rounded to two decimal places.

4.    A vote withheld is not a vote in law and is not counted in the calculation of votes "for" or "against" a resolution.

5.    Votes withheld are included in the percentage of issued share capital ('ISC') voted (excluding shares held in Treasury) calculation.

6.    The total number of Ordinary Shares of 50p each in the Company in issue, excluding 19,444,151 treasury shares registered on the share register in the Company's name, at close of business on 10 May 2023 and the number used for the percentage of ISC voted was 587,434,407.

  

In accordance with Listing Rule 9.6.2R, copies of resolutions other than those concerning ordinary business passed at the Annual General Meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

Please do not hesitate to contact companysecretary@balfourbeatty.com should you have any queries regarding this announcement.

 

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

 

 

General enquiries:

Contact and telephone number for queries

Duly authorised officer of issuer responsible for making notification:

 

Tracey Wood, Group General Counsel and Company Secretary

Tel. +44 (0)20 7216 6800

 

Investor and analyst enquiries:

Jim Ryan

Tel. +44 (0) 7858 368527

jim.ryan@balfourbeatty.com

 

Antonia Walton
Tel. +44 (0) 7966 929 633
antonia.walton@balfourbeatty.com

 

Notes to editors:

·    Balfour Beatty is a leading international infrastructure group with 25,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow. 

·    We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

·    Over the last 113 years we have created iconic buildings and infrastructure all over the world including: the £1.5 billion A14 improvement scheme - Britain's biggest road project; Hong Kong's HK$5.5 billion world-class harbour theatre project for the West Kowloon Cultural District Authority; and the 12.5 mile $429 million North Metro Commuter Rail line in Colorado, US.

 

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