Last checked at 1 Aug 2014 16:56
Amended copy
Please note Resolution 12 has been amended to read appoint Ernst & Young LLP (rather than as previously stated "To re-appoint").
PENNON GROUP PLC
AGM STATEMENT
Summary of the Annual General Meeting held on 31 July 2014 at Exeter Golf and Country Club, Exeter, EX2 7AE
The Directors are pleased to announce that the shareholders of Pennon Group Plc at the Company's Annual General Meeting on Thursday, 31 July 2014 passed all the resolutions as set out in the Notice of Annual General Meeting dated 23 June 2014.
The following table summarises the proxy votes received from shareholders prior to the meeting. The highest percentage of the issued share capital voted was approximately 69.81%. Votes withheld are not votes in law and have not been counted in the calculation of the votes.
Number of Votes | ||
Resolution 1: To receive and adopt for the year ended 31 March 2014 the financial statements, the Directors' Report and the report of the independent auditors on the financial statements. |
| |
For | 267,170,286 | |
Against | 3,573,165 | |
Discretion | 618,845 | |
Withheld | 1,298,893
| |
Resolution 2: To declare a final dividend in respect of the year ended 31 March 2014 of 20.92p for each ordinary share of nominal value 40.7p for payment on 3 October 2014. | ||
For | 272,011,225 | |
Against | 20,233 | |
Discretion | 610,459 | |
Withheld | 19,273
| |
Resolution 3: To approve the annual report on remuneration.
| ||
For | 260,396,329 | |
Against | 11,389,176 | |
Discretion | 615,700 | |
Withheld | 259,985
| |
Resolution 4: To approve the Directors' remuneration policy, as contained in the Company's Annual Report 2014. | ||
For | 263,910,515 | |
Against | 7,865,436 | |
Discretion | 620,884 | |
Withheld
| 264,354 | |
Resolution 5: To re-elect Mr K G Harvey as a Director. | ||
For | 250,506,425 | |
Against | 18,304,641 | |
Discretion | 626,583 | |
Withheld
| 3,223,540 | |
Resolution 6: To re-elect Mr M D Angle as a Director. | ||
For | 270,935,466 | |
Against | 1,026,592 | |
Discretion | 626,368 | |
Withheld
| 72,763 | |
Resolution 7: To re-elect Mr G D Connell as a Director. | ||
For | 247,999,753 | |
Against | 19,289,856 | |
Discretion | 632,222 | |
Withheld | 4,739,358
| |
Resolution 8: To re-elect Mr D J Dupont as a Director. | ||
For | 269,516,714 | |
Against | 2,444,263 | |
Discretion | 633,323 | |
Withheld
| 66,890 | |
Resolution 9: To re-elect Mr C Loughlin as a Director. | ||
For | 269,573,791 | |
Against | 2,235,011 | |
Discretion | 627,241 | |
Withheld
| 225,147 | |
Resolution 10: To elect Mr I J McAulay as a Director. | ||
For | 269,597,910 | |
Against | 2,189,746 | |
Discretion | 640,625 | |
Withheld
| 232,909 | |
Resolution 11: To elect Ms G A Rider as a Director. | ||
For | 269,919,015 | |
Against | 711,209 | |
Discretion | 635,811 | |
Withheld
| 1,395,154 | |
Resolution 12: To appoint Ernst & Young LLP as auditors of the Company. | ||
For | 261,678,704 | |
Against | 7,286,523 | |
Discretion | 634,042 | |
Withheld
| 3,061,921 | |
Resolution 13: To authorise the Directors to fix the remuneration of the Auditors. | ||
For | 238,106,477 | |
Against | 30,461,335 | |
Discretion | 637,397 | |
Withheld
| 3,455,981 | |
Resolution 14: To authorise the Company and its subsidiaries to make political donations (precautionary authority). | ||
For | 269,627,922 | |
Against | 2,205,240 | |
Discretion | 610,825 | |
Withheld
| 217,203 | |
Resolution 15: To grant to Directors authority to allot shares. | ||
For | 267,748,472 | |
Against | 3,146,737 | |
Discretion | 627,995 | |
Withheld
| 1,136,285 | |
Resolution 16: To approve the updated rules of the Pennon Group Sharesave Scheme. | ||
For | 270,503,082 | |
Against | 1,311,453 | |
Discretion | 633,069 | |
Withheld
| 213,586 | |
Resolution 17: To approve the updated rules of the Pennon Group All Employee Share Ownership Plan. | ||
For | 271,663,014 | |
Against | 121,491 | |
Discretion | 767,358 | |
Withheld | 109,327
| |
Resolution 18: To authorise the partial exclusion of the statutory pre-emption rights. | ||
For | 271,359,361 | |
Against | 245,656 | |
Discretion | 771,790 | |
Withheld | 284,383
| |
Resolution 19: To authorise the market purchase of the Company's own shares. | ||
For | 270,956,035 | |
Against | 898,417 | |
Discretion | 760,364 | |
Withheld | 46,374
| |
Resolution 20: To authorise the Directors to offer a scrip dividend alternative. | ||
For | 271,794,976 | |
Against | 64,925 | |
Discretion | 759,444 | |
Withheld | 41,845
| |
Resolution 21: To authorise a general meeting other than an Annual General Meeting to be called on 14 clear days' notice. | ||
For | 259,637,814 | |
Against | 12,216,412 | |
Discretion | 768,580 | |
Withheld | 38,384
| |
Two copies of all 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.hemscott.com/nsm.do
1 August 2014
www.pennon-group.co.uk
End transmission