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22 Jul 2022 17:04
Pennon Group plc
Result of the Annual General Meeting held on 21 July 2022 at Peninsula House, Rydon Lane, Exeter EX2 7HR, at 9.30am
The Directors are pleased to announce that the shareholders of Pennon Group plc passed all of the resolutions which were set out in the Notice of Annual General Meeting dated 15 June 2022.
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 2022
| 198,891,655 | 100.00 | 5,036 | 0.00 | 198,896,691 | 76.22% | 748,551 |
2. | To declare a final dividend in respect of the year ended 31 March 2022
| 191,987,046 | 96.17 | 7,655,668 | 3.83 | 199,642,714 | 76.51% | 2,528 |
3. | To approve the Directors' remuneration report
| 185,769,068 | 98.34 | 3,144,427 | 1.66 | 188,913,495 | 72.40% | 10,730,076 |
4. | To re-elect Gill Rider as a Director
| 195,296,611 | 97.83 | 4,334,126 | 2.17 | 199,630,737 | 76.50% | 14,505 |
5. | To re-elect Susan Davy as a Director
| 199,243,756 | 99.81 | 386,297 | 0.19 | 199,630,053 | 76.50% | 13,518 |
6. | To re-elect Paul Boote as a Director
| 199,377,021 | 99.87 | 252,116 | 0.13 | 199,629,137 | 76.50% | 14,434 |
7. | To re-elect Neil Cooper as a Director
| 196,356,255 | 98.36 | 3,272,354 | 1.64 | 199,628,609 | 76.50% | 14,962 |
8. | To re-elect Iain Evans as a Director
| 192,944,501 | 96.93 | 6,105,877 | 3.07 | 199,050,378 | 76.28% | 593,193 |
9. | To re-elect Claire Ighodaro as a Director
| 196,573,189 | 98.47 | 3,055,271 | 1.53 | 199,628,460 | 76.50% | 15,111 |
10. | To re-elect Jon Butterworth as a Director
| 196,564,452 | 98.47 | 3,063,996 | 1.53 | 199,628,448 | 76.50% | 15,123 |
11. | To re-appoint Ernst & Young LLP as auditor of the Company
| 198,301,748 | 99.33 | 1,328,880 | 0.67 | 199,630,628 | 76.50% | 12,943 |
12. | To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board
| 197,300,175 | 98.83 | 2,332,324 | 1.17 | 199,632,499 | 76.50% | 11,072 |
13. | To authorise the Company and its subsidiaries to make political donations up to a specified limit
| 197,856,264 | 99.12 | 1,758,209 | 0.88 | 199,614,473 | 76.50% | 29,098 |
14. | To grant the Directors authority to allot shares
| 196,222,456 | 98.29 | 3,410,180 | 1.71 | 199,632,636 | 76.50% | 10,935 |
15. | To authorise the general disapplication of pre-emption rights
| 198,889,618 | 99.63 | 740,472 | 0.37 | 199,630,090 | 76.50% | 13,481 |
16. | To authorise the disapplication of pre-emption rights in connection with an acquisition or specified capital investment
| 197,758,437 | 99.06 | 1,871,489 | 0.94 | 199,629,926 | 76.50% | 13,645 |
17. | To authorise the market purchase of the Company's shares
| 198,299,658 | 99.38 | 1,234,967 | 0.62 | 199,534,625 | 76.47% | 108,946 |
18. | To authorise a general meeting other than an AGM to be called on 14 clear days' notice
| 188,563,174 | 94.45 | 11,076,797 | 5.55 | 199,639,971 | 76.51% | 3,600 |
19. | To consider and approve the Company's climate-related financial disclosures (as set out on pages 106-122 of the Annual Report)
| 183,935,985 | 94.57 | 10,551,496 | 5.43 | 194,487,481 | 74.53% | 5,156,090 |
20. | Amendments to the article 5A of the articles of association of the Company
| 199,608,559 | 99.99 | 14,787 | 0.01 | 199,623,346 | 76.50% | 20,225 |
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) Resolutions 15, 16, 17, 18 and 20 are special resolutions.
iv) The total number of ordinary shares of 61.05p in issue at the meeting date, was 260,944,741 ordinary shares, including 5,628 ordinary shares held in treasury. Therefore, the total number of voting rights in the Company as at today's date is 260,939,113 shares.
22 July 2022
www.pennon-group.co.uk
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