Result of AGM
Summary by AI BETAClose X
Balfour Beatty plc (the 'Company')
AGM Results
7 May 2026
Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held on 7 May 2026, the resolutions set out in the Notice of AGM dated 20 March 2026 were passed following a poll on each resolution, apart from resolution 9 which was withdrawn as set out in the announcement dated 24 April 2026.
Resolutions 1 to 18 were passed as Ordinary Resolutions and Resolutions 19 to 21 were passed as Special Resolutions. The table below details votes cast on each resolution.
|
|
Votes For |
% |
Votes Against |
% |
Votes Total |
Votes Withheld |
% of ISC Voted (excluding shares held in Treasury) |
|
Resolution 1: To receive the audited accounts for the financial year ended 31 December 2025, together with the Strategic report, Directors' report and Auditor's report on those accounts. |
340,386,279 |
100.00 |
4,155 |
0.00 |
340,390,434 |
3,592,962 |
69.97% |
|
Resolution 2: To approve the Directors' Remuneration Report for the year ended 31 December 2025. |
333,452,842 |
96.95 |
10,475,829 |
3.05 |
343,928,671 |
54,725 |
70.70% |
|
Resolution 3: To approve the Directors' Remuneration Policy. |
331,948,981 |
96.52 |
11,976,388 |
3.48 |
343,925,369 |
58,027 |
70.70% |
|
Resolution 4: To declare a final dividend of 9.8p per share on the ordinary shares of the Company. |
343,957,767 |
100.00 |
3,296 |
0.00 |
343,961,063 |
22,333 |
70.71% |
|
Resolution 5: To re-elect Mr. C L Allen, Lord Allen of Kensington, CBE as a Director. |
299,750,799 |
87.18 |
44,069,657 |
12.82 |
343,820,456 |
162,940 |
70.68% |
|
Resolution 6: To re-elect Ms. G Costigan, MBE as a Director. |
335,517,821 |
98.38 |
5,523,435 |
1.62 |
341,041,256 |
2,942,140 |
70.11% |
|
Resolution 7: To re-elect Ms. A. Drinkwater as a Director. |
335,400,305 |
97.52 |
8,540,789 |
2.48 |
343,941,094 |
42,302 |
70.70% |
|
Resolution 8: To re-elect Ms. L J Hardy as a Director. |
342,242,685 |
99.51 |
1,695,901 |
0.49 |
343,938,586 |
44,810 |
70.70% |
|
Resolution 9: To re-elect Mr. P J Harrison as a Director. |
Resolution Withdrawn |
||||||
|
Resolution 10: To elect Mr. P D Hoare as a Director. |
342,286,567 |
99.53 |
1,632,250 |
0.47 |
343,918,817 |
64,579 |
70.70% |
|
Resolution 11: To re-elect Mr. R J MacLeod as a Director. |
339,968,589 |
98.85 |
3,953,686 |
1.15 |
343,922,275 |
61,121 |
70.70% |
|
Resolution 12: To re-elect Ms. B J Moorhouse as a Director. |
339,895,564 |
98.83 |
4,037,901 |
1.17 |
343,933,465 |
49,931 |
70.70% |
|
Resolution 13: To re-elect Mr. R L Wynter as a Director. |
342,272,842 |
99.52 |
1,648,834 |
0.48 |
343,921,676 |
61,720 |
70.70% |
|
Resolution 14: To reappoint KPMG LLP as auditor of the Company to hold office until the conclusion of the next general meeting at which accounts are laid. |
342,428,772 |
99.57 |
1,466,502 |
0.43 |
343,895,274 |
88,122 |
70.69% |
|
Resolution 15: To authorise the Directors to determine the remuneration of the auditor.
|
343,541,089 |
99.88 |
406,444 |
0.12 |
343,947,533 |
35,675 |
70.71% |
|
Resolution 16: To approve amendments to the rules of the Balfour Beatty Performance Share Plan 2021. |
338,480,683 |
98.42 |
5,428,547 |
1.58 |
343,909,230 |
74,166 |
70.70% |
|
Resolution 17: To authorise the Company and its UK subsidiaries to incur political expenditure. |
334,501,559 |
97.25 |
9,445,418 |
2.75 |
343,946,977 |
36,315 |
70.70% |
|
Resolution 18: To authorise the Directors to allot shares. |
319,782,119 |
92.98 |
24,146,657 |
7.02 |
343,928,776 |
54,620 |
70.70% |
|
Resolution 19: To authorise the Directors to allot shares for cash on a non-pre-emptive basis. |
331,960,373 |
96.52 |
11,977,369 |
3.48 |
343,937,742 |
45,654 |
70.70% |
|
Resolution 20: To renew the authority for the Company to purchase its own ordinary shares. |
336,498,161 |
97.99 |
6,900,883 |
2.01 |
343,399,044 |
584,352 |
70.59% |
|
Resolution 21: To authorise the Company to hold meetings, other than an Annual General Meeting, on 14 clear days' notice. |
333,563,611 |
96.98 |
10,391,112 |
3.02 |
343,954,723 |
28,673 |
70.71% |
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 6,394,302 treasury shares registered on the share register in the Company's name at close of business on 5 May 2026, and the number used for the percentage of ISC voted was 486,454,282.
In accordance with Listing Rule 6.4.2R, 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.
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
Analyst/investor enquiries:
Jim Ryan
Tel. +44 (0)785 836 8527
jim.ryan@balfourbeatty.com
Media enquiries:
Vivienne Dunn
Tel. +44 (0)203 810 2345
vivienne.dunn@balfourbeatty.com
Notes to editors:
· Balfour Beatty is a leading international infrastructure group with 27,000 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.
· For over 100 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.
Legal Entity Identifier: CT4UIJ3TUKGYYHMENQ17
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