Last checked at 31 Jul 2020 14:02
PENNON GROUP PLC
Results of the Annual General Meeting held on 31 July 2020 at Peninsula House, Rydon Lane, Exeter EX2 7HR
The Directors are pleased to announce that the shareholders of Pennon Group plc at the Company's Annual General Meeting on Friday 31 July 2020 passed all the resolutions as set out in the Notice of Annual General Meeting dated 8 July 2020. Voting on all resolutions was conducted by way of a poll.
In total, 71% of the issued share capital was voted, excluding shares held in treasury.
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 from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A copy of this announcement has been posted on the Company's website at www.pennon-group.co.uk/investor-information/shareholder-services
RESOLUTION | VOTES FOR | % FOR | VOTES AGAINST | % AGAINST | % OF ISSUED SHARE CAPITAL VOTED | VOTES WITHHELD |
1. To receive and adopt for the annual reports and accounts for the year ended 31 March 2020.
| 297,859,462 | 99.98 | 46,125 | 0.02 | 70.69% | 1,342,206 |
2. To declare a final dividend in respect of the year ended 31 March 2020 of 30.11p for each ordinary share for payment on 2 September 2020.
| 291,376,981 | 97.37 | 7,867,771 | 2.63 | 71.00% | 3,042 |
3. To approve the Directors' remuneration report.
| 288,777,693 | 96.85 | 9,401,061 | 3.15 | 70.75% | 1,069,039 |
4. To approve the Directors' remuneration policy. | 273,446,928 | 91.50 | 25,393,521 | 8.50 | 70.91% | 407,344 |
5. To re-elect Gill Rider as a Director.
| 299,194,338 | 99.99 | 39,386 | 0.01 | 71.00% | 14,070 |
6. To re-elect Neil Cooper as a Director.
| 298,089,205 | 99.62 | 1,143,035 | 0.38 | 71.00% | 15,554 |
7. To elect Paul Boote as a Director.
| 298,566,874 | 99.78 | 665,416 | 0.22 | 71.00% | 15,504 |
8. To elect Jon Butterworth as a Director.
| 298,125,247 | 99.98 | 54,648 | 0.02 | 70.75% | 1,067,898 |
9. To re-elect Susan Davy as a Director.
| 298,164,810 | 99.99 | 17,295 | 0.01 | 70.75% | 1,065,689 |
10. To re-elect Iain Evans as a Director.
| 298,150,935 | 99.99 | 28,127 | 0.01 | 70.75% | 1,068,732 |
11. To elect Claire Ighodaro as a Director.
| 298,897,358 | 99.89 | 335,856 | 0.11 | 71.00% | 14,580 |
12. To re-appoint Ernst & Young LLP as auditor of the Company.
| 296,613,972 | 99.47 | 1,571,034 | 0.53 | 70.75% | 1,062,788 |
13. To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board.
| 297,587,686 | 99.45 | 1,642,903 | 0.55 | 71.00% | 17,205 |
14. To authorise the Company and its subsidiaries to make political donations up to a specified limit.
| 290,962,478 | 97.24 | 8,271,637 | 2.76 | 71.00% | 13,679 |
15. To grant the Directors authority to allot shares.
| 290,129,081 | 96.96 | 9,106,923 | 3.04 | 71.00% | 11,790 |
16. To authorise the partial exclusion of pre-emption rights.
| 298,684,431 | 99.98 | 72,599 | 0.02 | 70.89% | 490,764 |
17. To authorise the partial exclusion of pre-emption rights in connection with an acquisition or specified capital investment.
| 297,570,396 | 99.60 | 1,182,133 | 0.40 | 70.89% | 495,264 |
18. To authorise the market purchase of the Company's shares.
| 290,207,455 | 97.03 | 8,891,825 | 2.97 | 70.97% | 148,513 |
19. To authorise a general meeting other than an AGM to be called on 14 clear days' notice.
| 283,791,500 | 94.84 | 15,450,409 | 5.16 | 71.00% | 5,885 |
20. To authorise the Directors to resolve to pay a dividend on the WaterShare+ Share.
| 291,151,815 | 97.35 | 7,924,875 | 2.65 | 70.96% | 171,104 |
Notes
i) The total votes cast in favour of each resolution includes those giving the Chairman discretion.
ii) The percentage is rounded to two decimal places.
iii) 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.
iv) Resolutions 16 to 20 are special resolutions.
v) The total number of ordinary shares of 40.7p each in issue at the meeting date, excluding shares held in treasury, was 421,434,437.
31 July 2020
www.pennon-group.co.uk
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