Last checked at 16 May 2019 16:30
Balfour Beatty plc (the 'Company')
AGM Results
16 May 2019
Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held on 16 May 2019, the resolutions set out in the Notice of AGM dated 4 April 2019 were passed following a poll on each resolution.
Resolutions 1 to 15 were passed as Ordinary Resolutions and Resolutions 16 to 18 were passed as Special Resolutions. The table below details votes cast on each resolution.
| Votes For | % | Votes Against | % | Votes Total | % of ISC Voted | Votes Withheld |
Resolution 1: To adopt the Directors' Report and Accounts for the year ended 31 December 2018
| 517,500,503 | 100 | 15,703 | 0 | 517,516,206 | 75.03 | 10,181,685 |
Resolution 2: To approve the Directors' Remuneration Report for the year ended 31 December 2018 | 488,810,486 | 92.85 | 37,630,213 | 7.15 | 526,440,699 | 76.32 | 1,257,192 |
Resolution 3: To declare a final dividend on the ordinary shares of the Company | 527,681,693 | 100 | 3,340 | 0.00 | 527,685,033 | 76.50 | 12,858 |
Resolution 4: To re-elect Mr P S Aiken AM as a Director | 444,196,634 | 90.90 | 44,449,140 | 9.10 | 488,645,774 | 70.84 | 39,049,975 |
Resolution 5: To re-elect Dr S R Billingham as a Director | 496,016,984 | 94.00 | 31,638,820 | 6.00 | 527,655,804 | 76.50 | 39,945 |
Resolution 6: To re-elect Mr S J Doughty CMG as a Director | 522,851,092 | 99.09 | 4,799,207 | 0.91 | 527,650,299 | 76.50 | 45,450 |
Resolution 7: To re-elect Mr P J Harrison as a Director | 525,299,014 | 99.55 | 2,362,773 | 0.45 | 527,661,787 | 76.50 | 33,962 |
Resolution 8: To re-elect Mr M A Lucki as a Director
| 525,628,248 | 99.62 | 2,022,904 | 0.38 | 527,651,152 | 76.50 | 44,597 |
Resolution 9: To elect Ms B J Moorhouse as a Director
| 525,655,197 | 99.62 | 2,000,607 | 0.38 | 527,655,804 | 76.50 | 39,945 |
Resolution 10: To elect Mr L M Quinn as a Director
| 516,007,796 | 97.80 | 11,633,814 | 2.20 | 527,641,610 | 76.50 | 56,281 |
Resolution 11: To elect Miss Anne Drinkwater as a Director
| 525,640,859 | 99.62 | 2,012,372 | 0.38 | 527,653,231 | 76.50 | 42,518 |
Resolution 12: To reappoint KPMG LLP as auditor
| 527,588,374 | 99.99 | 77,644 | 0.01 | 527,666,018 | 76.50 | 31,873 |
Resolution 13: To authorise the Audit and Risk Committee of the Board to determine the remuneration of the auditor | 527,625,780 | 99.99 | 44,590 | 0.01 | 527,670,370 | 76.50 | 27,521 |
Resolution 14: To authorise the Company and its UK subsidiaries to incur political expenditure | 518,185,628 | 98.20 | 9,482,057 | 1.80 | 527,667,685 | 76.50 | 30,206 |
Resolution 15: To authorise the Directors to allot shares | 509,718,650 | 96.60 | 17,952,097 | 3.40 | 527,670,747 | 76.50 | 27,144 |
Resolution 16*: To authorise the Directors to allot shares for cash on a non pre-emptive basis | 515,199,226 | 97.64 | 12,441,680 | 2.36 | 527,640,906 | 76.50 | 56,985 |
Resolution 17*: To renew the authority for the Company to purchase its own ordinary and preference shares | 495,990,660 | 94.59 | 28,363,883 | 5.41 | 524,354,543 | 76.02 | 3,343,348 |
Resolution 18*: To authorise the Company to hold meetings, other than an Annual General Meeting, on 14 clear days' notice | 508,217,021 | 96.32 | 19,432,354 | 3.68 | 527,649,375 | 76.50 | 48,516 |
* Special Resolution
Notes:
1. The percentages above are rounded to two decimal places.
2. A vote withheld is not a vote in law and is not counted in the calculation of votes 'For' and 'Against' a resolution.
3. The total number of Ordinary Shares of 50p each in the Company in issue at close of business on 14 May 2019 was 689,739,619, each carrying one vote.
In accordance with Listing Rule 9.6.2R, copies of each of Resolutions 14 to 18 will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.