Last checked at 20 Jul 2023 14:34
Pennon Group plc
Result of the Annual General Meeting held on 20 July 2023 at The Courtyard, Sandy Park, Sandy Park Way, Exeter, EX2 7NN at 11:00am
The Directors are pleased to announce that the shareholders of Pennon Group plc passed all the Resolutions which were set out in the Notice of Annual General Meeting dated 19 June 2023.
Voting on all Resolutions was conducted by way of a poll and the below table shows the percentage of issued share capital voted for each.
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 on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A copy of this announcement will be posted on the Company's website at www.pennon-group.co.uk/investor-information/shareholder-services
| RESOLUTION | VOTES FOR | % FOR | VOTES AGAINST | % AGAINST | VOTESTOTAL
| % SHARE CAPITAL VOTED | VOTES WITHHELD |
1. | To receive and adopt for the annual reports and accounts for the year ended 31 March 2023
| 196,723,264 | 99.99 | 20,134 | 0.01 | 196,743,398 | 75.29% | 152,747 |
2. | To declare a final dividend in respect of the year ended 31 March 2023
| 196,637,643 | 99.87 | 253,338 | 0.13 | 196,890,981 | 75.35% | 5,164 |
3. | To approve the Directors' remuneration report
| 181,593,096 | 98.51 | 2,752,131 | 1.49 | 184,345,227 | 70.54% | 12,550,917 |
4. | To approve the Directors' remuneration policy | 184,315,576 | 93.63 | 12,532,068 | 6.37 | 196,847,644 | 75.33% | 48,501 |
5. | To elect Dorothy Burwell as a Director | 196,790,370 | 99.96 | 72,829 | 0.04 | 196,863,199 | 75.34% | 32,946 |
6. | To elect Loraine Woodhouse as a Director | 196,792,499 | 99.97 | 66,724 | 0.03 | 196,859,223 | 75.33% | 36,922 |
7. | To re-elect Gill Rider as a Director
| 195,068,588 | 99.09 | 1,800,797 | 0.91 | 196,869,385 | 75.34% | 26,760 |
8. | To re-elect Susan Davy as a Director
| 196,483,322 | 99.81 | 376,567 | 0.19 | 196,859,889 | 75.33% | 36,256 |
9. | To re-elect Paul Boote as a Director
| 196,709,030 | 99.92 | 160,801 | 0.08 | 196,869,831 | 75.34% | 26,314 |
10. | To re-elect Jon Butterworth as a Director
| 196,317,755 | 99.72 | 541,416 | 0.28 | 196,859,171 | 75.33% | 36,974 |
11.. | To re-elect Neil Cooper as a Director
| 196,312,853 | 99.72 | 545,415 | 0.28 | 196,858,268 | 75.33% | 37,877 |
12. | To re-elect Iain Evans as a Director
| 177,159,867 | 89.99 | 19,704,679 | 10.01 | 196,864,546 | 75.34% | 31,599 |
13. | To re-elect Claire Ighodaro as a Director
| 196,318,352 | 99.72 | 545,879 | 0.28 | 196,864,231 | 75.34% | 31,914 |
14. | To re-appoint Ernst & Young LLP as auditor of the Company
| 195,875,334 | 99.56 | 873,607 | 0.44 | 196,748,941 | 75.29% | 147,204 |
15. | To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board
| 196,735,361 | 99.93 | 140,130 | 0.07 | 196,875,491 | 75.34% | 20,654 |
16. | To authorise the Company and its subsidiaries to make political donations up to a specified limit
| 196,270,017 | 99.69 | 605,269 | 0.31 | 196,875,286 | 75.34% | 20,858 |
17. | To grant the Directors authority to allot shares
| 193,726,817 | 98.40 | 3,149,627 | 1.60 | 196,876,444 | 75.34% | 19,701 |
18. | To consider and approve the Company's climate-related financial disclosures (as set out on pages 74-95 of the Annual Report)
| 174,174,189 | 90.25 | 18,816,575 | 9.75 | 192,990,764 | 73.85% | 3,905,381 |
19. | To authorise the general disapplication of pre-emption rights
| 191,775,358 | 97.41 | 5,097,768 | 2.59 | 196,873,126 | 75.34% | 23,019 |
20. | To authorise the disapplication of pre-emption rights in connection with an acquisition or specified capital investment
| 176,839,622 | 89.82 | 20,035,076 | 10.18 | 196,874,698 | 75.34% | 21,447 |
21. | To authorise the market purchase of the Company's shares
| 196,055,618 | 99.62 | 738,680 | 0.38 | 196,794,298 | 75.31% | 101,847 |
22. | To authorise that a general meeting, other than an AGM, may be called on not less than 14 clear day's notice
| 189,225,131 | 96.11 | 7,662,215 | 3.89 | 196,887,346 | 75.34% | 8,799 |
Notes
i) The total votes cast in favour of each resolution include those giving the Chair's discretion.
ii) 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.
iii) The total number of ordinary shares of 61.05p in issue at the meeting date was 261,310,967 ordinary shares, excluding 5,628 ordinary shares held in treasury. Therefore, the total number of voting rights in the Company as at today's date is 261,310,967 shares.
20 July 2023
www.pennon-group.co.uk