Last checked at 19 Nov 2021 14:32
KIER GROUP PLC
RESULT OF ANNUAL GENERAL MEETING
Kier Group plc (the "Company") announces the results of its Annual General Meeting held on 19 November 2021. The voting was held on a poll and the results for each resolution were as follows:
Resolution | Total votes validly cast1 | % voted2 | Votes for | % votes for3 | Votes against | % votes against3 | Votes withheld1 | |
1 | To receive the annual report and accounts for the year ended 30 June 2021 | 286,198,645 | 64.14% | 286,118,657 | 99.97 | 79,988 | 0.03 | 36,491 |
2 | To approve the directors' remuneration report for the year ended 30 June 2021 | 246,636,996 | 55.28% | 182,346,972 | 73.93 | 64,290,024 | 26.07 | 39,592,985 |
3 | To re-elect Mr MJ Lester as a director | 286,188,735 | 64.14% | 285,952,869 | 99.92 | 235,866 | 0.08 | 46,972 |
4 | To re-elect Mr AOB Davies as a director | 286,183,681 | 64.14% | 286,059,243 | 99.96 | 124,438 | 0.04 | 52,026 |
5 | To re-elect Mr SJ Kesterton as a director | 286,186,174 | 64.14% | 286,066,954 | 99.96 | 119,220 | 0.04 | 49,533 |
6 | To re-elect Mr JR Atkinson as a director | 286,179,445 | 64.14% | 281,396,431 | 98.33 | 4,783,014 | 1.67 | 56,262 |
7 | To re-elect Ms AJ Atkinson as a director | 286,172,986 | 64.14% | 285,960,138 | 99.93 | 212,848 | 0.07 | 62,721 |
8 | To re-elect Dame Heather Rabbatts as a director | 286,183,206 | 64.14% | 270,574,684 | 94.55 | 15,608,522 | 5.45 | 52,501 |
9 | To re-elect Mr CG Watson as a director | 286,186,174 | 64.14% | 285,979,082 | 99.93 | 207,092 | 0.07 | 49,533 |
10 | To re-appoint PricewaterhouseCoopers LLP as auditor | 286,181,371 | 64.14% | 285,968,380 | 99.93 | 212,991 | 0.07 | 54,336 |
11 | To authorise the Risk Management and Audit Committee to agree the remuneration of the auditor | 286,191,838 | 64.14% | 286,058,045 | 99.95 | 133,793 | 0.05 | 43,869 |
12 | To authorise the directors to allot shares | 286,187,862 | 64.14% | 285,471,720 | 99.75 | 716,142 | 0.25 | 47,845 |
13 | To authorise the directors to disapply pre-emption rights (general) | 286,162,461 | 64.14% | 283,791,765 | 99.17 | 2,370,696 | 0.83 | 73,246 |
14 | To authorise the directors to disapply pre-emption rights (acquisition or specified capital investment) | 286,172,978 | 64.14% | 285,893,775 | 99.90 | 279,203 | 0.10 | 62,729 |
15 | To adopt new Articles of Association | 286,149,020 | 64.13% | 286,005,977 | 99.95 | 143,043 | 0.05 | 86,687 |
16 | To authorise the Company to call general meetings, other than annual general meetings, on not less than 14 clear days' notice | 286,190,034 | 64.14% | 285,126,224 | 99.63 | 1,063,810 | 0.37 | 45,673 |
17 | To authorise pollical donations | 286,119,635 | 64.13% | 282,141,494 | 98.61 | 3,978,141 | 1.39 | 116,072 |
Notes:
1. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.
2. Expressed as a percentage of the total issued share capital on 17 November 2021. The number of ordinary shares in issue on 17 November 2021 was 446,186,918.
3. Expressed as a percentage of all votes validly cast (and does not include votes withheld).
Shareholders are entitled to one vote per share. Resolutions 1 to 12 (inclusive) and Resolution 17 were passed as ordinary resolutions and resolutions 13 to 16 (inclusive) were passed as special resolutions.
The Board notes that Resolution 2 (which related to the advisory vote on the Directors' Remuneration Report) was passed with 73.93% of votes in favour.
Prior to the AGM, the Company conducted an extensive consultation with its largest shareholders on Directors' remuneration proposals and the Remuneration Committee will continue to reflect carefully on the points that they have raised. The Remuneration Committee will engage further with the Company's shareholders and the proxy advisers to understand their views. The Company will publish an update within the next six months on the views it has received from shareholders and the actions it has taken, or proposes to take, in response.
A copy of all resolutions passed, other than those concerning ordinary business, will today be submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2. These resolutions will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Kier Group plc Legal Entity Identifier is 2138002RKCU2OM4Y7O48.
For enquiries please contact:
Jaime Tham
Company Secretary