Result of AGM

Balfour Beatty PLC

09 May 2024

 

Balfour Beatty plc (the 'Company')

AGM Results

9 May 2024

Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held on 9 May 2024, the resolutions set out in the Notice of AGM dated 3 April 2024 were passed following a poll on each resolution.

Resolutions 1 to 16 were passed as Ordinary Resolutions and Resolutions 17 to 19 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 2023	403,896,833	100.00	4,872	0.00	403,901,705	735,025	76.13%
Resolution 2: To approve the Directors' Remuneration Report for the year ended 31 December 2023	387,412,981	95.76	17,154,779	4.24	404,567,760	68,970	76.26%
Resolution 3: To declare a final dividend of 8.0p per ordinary share of the Company	404,579,757	99.99	54,913	0.01	404,634,670	2,060	76.27%
Resolution 4: To re-elect Mr C Allen, Lord Allen of Kensington CBE as a Director	326,115,000	85.23	56,528,444	14.77	382,643,444	21,987,157	72.13%
Resolution 5: To elect Ms G Costigan MBE as a Director	399,593,474	98.77	4,968,896	1.23	404,562,370	74,360	76.26%
Resolution 6: To re-elect Ms A Drinkwater as a Director	383,527,226	94.79	21,087,406	5.21	404,614,632	22,098	76.27%
Resolution 7: To re-elect Ms L J Hardy as a Director	398,083,960	98.39	6,529,817	1.61	404,613,777	22,953	76.27%
Resolution 8: To re-elect Mr P J Harrison as a Director	403,323,236	99.68	1,281,452	0.32	404,604,688	25,913	76.27%
Resolution 9: To re-elect Mr M A Lucki as a Director	404,442,410	99.96	167,554	0.04	404,609,964	26,766	76.27%
Resolution 10: To elect Mr R J MacLeod as a Director	404,512,806	99.99	34,785	0.01	404,547,591	88,362	76.26%
Resolution 11: To re-elect Ms B J Moorhouse as a Director	397,895,674	98.34	6,715,318	1.66	404,610,992	25,738	76.27%
Resolution 12: To re-elect Mr L M Quinn as a Director	399,561,489	98.75	5,053,697	1.25	404,615,186	21,544	76.27%
Resolution 13: To reappoint KPMG LLP as auditor	394,217,558	97.44	10,339,430	2.56	404,556,988	79,691	76.26%
Resolution 14: To authorise the Directors to determine the remuneration of the auditor	404,546,911	99.99	60,665	0.01	404,607,576	29,154	76.27%
Resolution 15: To authorise the Company and its UK subsidiaries to incur political expenditure	394,122,724	97.41	10,486,005	2.59	404,608,729	28,001	76.27%
Resolution 16: To authorise the Directors to allot shares	384,775,156	98.17	7,191,477	1.83	391,966,633	12,670,097	73.88%
Resolution 17: To authorise the Directors to allot shares for cash on a non pre-emptive basis	384,999,682	95.15	19,610,804	4.85	404,610,486	25,975	76.27%
Resolution 18: To authorise the Company to purchase its own ordinary shares	383,761,522	94.88	20,730,100	5.12	404,491,622	144,839	76.24%
Resolution 19: To authorise the Company to hold meetings, other than an Annual General Meeting, on 14 clear days' notice	389,501,780	96.27	15,108,292	3.73	404,610,072	26,389	76.27%

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 13,630,074 treasury shares registered on the share register in the Company's name, at close of business on 7 May 2024 and the number used for the percentage of ISC voted was 530,517,528.

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 [e-mail] should you have any queries regarding this announcement.

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. [phone]

Investor and analyst enquiries:

Jim Ryan

Tel. [phone]

[e-mail]

Media enquiries: 

Antonia Walton
Tel. [phone]
[e-mail]

Notes to editors:

·    Balfour Beatty is a leading international infrastructure group with 26,000 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 114 years we have created iconic buildings and infrastructure all over the world. Currently, we are working to deliver Hinkley Point C, the first UK nuclear power station in a generation; constructing the world-class arts and cultural facility, the Lyric Theatre, in Hong Kong; and designing, building, financing, operating and maintaining the Automated People Mover superstructure at the fifth busiest airport in the world, Los Angeles International Airport.

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

 

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