Result of AGM

RNS Number : 8087U
Pennon Group PLC
31 July 2020
 

 

 

PENNON GROUP PLC

 

Results of the Annual General Meeting held on 31 July 2020 at Peninsula House, Rydon Lane, Exeter EX2 7HR

 

The Directors are pleased to announce that the shareholders of Pennon Group plc at the Company's Annual General Meeting on Friday 31 July 2020 passed all the resolutions as set out in the Notice of Annual General Meeting dated 8 July 2020. Voting on all resolutions was conducted by way of a poll.

 

In total, 71% of the issued share capital was voted, 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism  

 

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

% OF ISSUED SHARE CAPITAL VOTED

VOTES

WITHHELD

1.  To receive and adopt for the annual reports and accounts for the year ended 31 March 2020.

 

297,859,462

99.98

46,125

0.02

70.69%

1,342,206

2.  To declare a final dividend in respect of the year ended 31 March 2020 of 30.11p for each ordinary share for payment on 2 September 2020.

 

291,376,981

97.37

7,867,771

2.63

71.00%

3,042

3.  To approve the Directors' remuneration report.

 

288,777,693

96.85

9,401,061

3.15

70.75%

1,069,039

4.  To approve the Directors' remuneration policy.

273,446,928

91.50

25,393,521

8.50

70.91%

407,344

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

 

299,194,338

99.99

39,386

0.01

71.00%

14,070

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

 

298,089,205

99.62

1,143,035

0.38

71.00%

15,554

7.  To elect Paul Boote as a Director.

 

298,566,874

99.78

665,416

0.22

71.00%

15,504

8.  To elect Jon Butterworth as a Director.

 

298,125,247

99.98

54,648

0.02

70.75%

1,067,898

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

 

298,164,810

99.99

17,295

0.01

70.75%

1,065,689

10.  To re-elect Iain Evans as a Director.

 

298,150,935

99.99

28,127

0.01

70.75%

1,068,732

11.  To elect Claire Ighodaro as a Director.

 

298,897,358

99.89

335,856

0.11

71.00%

14,580

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

 

296,613,972

99.47

1,571,034

0.53

70.75%

1,062,788

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

 

297,587,686

99.45

1,642,903

0.55

71.00%

17,205

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

 

290,962,478

97.24

8,271,637

2.76

71.00%

13,679

15.  To grant the Directors authority to allot shares.

 

290,129,081

96.96

9,106,923

3.04

71.00%

11,790

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

 

298,684,431

99.98

72,599

0.02

70.89%

490,764

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

 

297,570,396

99.60

1,182,133

0.40

70.89%

495,264

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

 

290,207,455

97.03

8,891,825

2.97

70.97%

148,513

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

 

283,791,500

94.84

15,450,409

5.16

71.00%

5,885

20.  To authorise the Directors to resolve to pay a dividend on the WaterShare+ Share.

 

291,151,815

97.35

7,924,875

2.65

70.96%

171,104

 

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 16 to 20 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 421,434,437.

 

31 July 2020

www.pennon-group.co.uk

 

End transmission


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