Result of AGM

RNS Number : 7739G
Pennon Group PLC
25 July 2019
 

 

 

PENNON GROUP PLC

 

Results of the Annual General Meeting held on 25 July 2019 at Sandy Park Conference Centre, Sandy Park Way, Exeter, EX2 7NN

 

The Directors are pleased to announce that the shareholders of Pennon Group plc at the Company's Annual General Meeting on Thursday 25 July 2019 passed on a show of hands all the resolutions as set out in the Notice of Annual General Meeting dated 17 June 2019.

 

The following table summarises the proxy voting instructions received from shareholders prior to the meeting. In total, valid proxy instructions were received in respect of 74.82% of the issued share capital, excluding shares held in treasury.

 

A copy of each of the resolutions passed by the Company, other than resolutions concerning ordinary business, will be submitted and made available for inspection from the National Storage Mechanism at www.morningstar.co.uk

 

A copy of this announcement has been posted on the Company's website at www.pennon-group.co.uk/investor-information/shareholder-services

 

 

RESOLUTION 

VOTES

FOR

%

FOR

VOTES

AGAINST

%

AGAINST

VOTES

WITHHELD

1.   To receive and adopt for the annual reports and accounts for the year ended 31 March 2019.

 

314,388,198

 

99.99%

19,498

0.01%

262,788

2.   To declare a final dividend in respect of the year ended 31 March 2019 of 28.22p for each ordinary share for payment on 3 September 2019.

 

314,552,018

 

99.96%

117,028

0.04%

1,438

3.   To approve the Directors' remuneration report.

 

311,271,238

99.31%

2,162,802

0.69%

1,236,442

4.   To re-elect Sir John Parker as a Director.

 

309,775,694

98.45%

4,868,745

1.55%

26,045

5.   To re-elect Neil Cooper as a Director.

 

311,415,254

98.98%

3,220,575

1.02%

34,655

6.   To re-elect Susan Davy as a Director.

 

311,422,499

98.98%

3,220,231

1.02%

27,754

7.   To elect Iain Evans as a Director.

 

314,303,005

99.89%

335,664

0.11%

31,815

8.   To re-elect Christopher Loughlin as a Director.

 

311,334,991

98.95%

3,310,740

1.05%

24,753

9.   To re-elect Gill Rider as a Director.

 

312,550,860

99.33%

2,096,322

0.67%

23,302

10.  To re-appoint Ernst & Young LLP as auditor of the Company.

 

313,507,153

99.64%

1,135,882

0.36%

27,449

11.  To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board.

 

313,291,425

99.57%

1,344,468

0.43%

34,591

12.  To authorise the Company and its subsidiaries to make political donations up to a specified limit.

 

304,667,733

97.92%

6,484,165

2.08%

3,518,586

13.  To grant the Directors authority to allot shares.

 

     307,992,817

97.89%

6,653,454

2.11%

24,213

14.  To authorise the partial exclusion of pre-emption rights.

 

313,627,090

99.70%

956,882

0.30%

86,512

15.  To authorise the partial exclusion of pre-emption rights in connection with an acquisition or specified capital investment.

 

306,021,114

97.28%

8,546,411

2.72%

102,958

16.  To authorise the market purchase of the Company's shares.

 

313,022,757

99.53%

1,479,753

0.47%

167,973

17.  To authorise a general meeting other than an AGM to be called on 14 clear days' notice.

 

301,764,662

95.91%

12,867,715

4.09%

38,107

18.  To amend the Articles of Association to define the rights attached to the WaterShare+ Share

 

311,252,088

99.00%

3,155,825

1.00%

262,571

19.  To grant the Directors authority to issue the WaterShare+ Share

 

299,261,651

95.18%

15,159,124

 

4.82%

249,708

 

Notes

 

i)      The total votes cast in favour of each resolution includes those giving the Chairman discretion.

 

ii)     The percentage is rounded to two decimal places.

 

iii)    A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

 

iv)    Resolutions 14 to 18 are special resolutions.

 

v)     The total number of ordinary shares of 40.7p each in issue at the meeting date, excluding shares held in treasury, was 420,574,574.

 

25 July 2019

www.pennon-group.co.uk

 

End transmission


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