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16 Jul 2014 13:46
Severn Trent Plc
(the "Company")
Results of the Annual General Meeting held on 16 July 2014
at the International Convention Centre, Broad Street, Birmingham, B1 2EA
The Directors are pleased to announce that the shareholders of Severn Trent Plc passed all the resolutions that were proposed at this year's Annual General Meeting, as set out in the Notice of Annual General Meeting dated 16 June 2014.
All of the Resolutions were passed at the Meeting on a poll. The total number of votes received for each resolution is set out below in Appendix A.
Resolutions 1 to 21 were passed as ordinary resolutions and resolutions 22 to 24 were passed as special resolutions.
The Meeting was attended by 166 shareholders.
In accordance with Listing Rules 9.6.1 and 9.6.2, a copy of the resolutions passed at the Meeting, other than resolutions concerning ordinary business, will be submitted to the UK Listing Authority and will shortly be available for inspection at the National Storage Mechanism, located at www.hemscott.com/nsm.do.
In total, 58.63% of the issued share capital was voted and the percentages shown below are rounded to two decimal places.
www.severntrent.com
Appendix A
RESOLUTION | VOTES FOR | % OF VOTES CAST | VOTES AGAINST | % OF VOTES CAST | VOTES CAST IN TOTAL | TOTAL VOTES CAST AS A % OF ISSUED SHARE CAPITAL | VOTES WITHHELD | |
1 | Receive the Reports and Accounts | 140,434,308 | 99.98 | 34,415 | 0.02 | 140,468,723 | 58.63% | 131,694 |
2 | Approve Directors' remuneration report | 138,974,226 | 99.35 | 908,111 | 0.65 | 139,882,337 | 58.39% | 719,294 |
3 | Approve Directors' remuneration policy | 136,960,503 | 97.66 | 3,276,685 | 2.34 | 140,237,188 | 58.54% | 362,862 |
4 | Adopt the Long Term Incentive Plan 2014 | 133,457,537 | 96.46 | 4,900,370 | 3.54 | 138,357,907 | 57.75% | 2,243,043 |
5 | Declare a final dividend
| 140,482,076 | 99.99 | 13,223 | 0.01 | 140,495,299 | 58.65% | 107,624 |
6 | Reappoint Tony Ballance
| 139,185,036 | 99.12 | 1,232,571 | 0.88 | 140,417,607 | 58.61% | 181,054 |
7 | Appoint John Coghlan
| 139,980,173 | 99.70 | 423,732 | 0.30 | 140,403,905 | 58.61% | 194,680 |
8 | Reappoint Richard Davey
| 139,706,494 | 99.50 | 706,327 | 0.50 | 140,412,821 | 58.61% | 185,797 |
9 | Reappoint Andrew Duff
| 138,448,791 | 98.60 | 1,971,809 | 1.40 | 140,420,600 | 58.61% | 181,780 |
10 | Reappoint Gordon Fryett
| 139,752,522 | 99.53 | 653,627 | 0.47 | 140,406,149 | 58.61% | 195,158 |
11 | Appoint Liv Garfield
| 133,262,790 | 94.91 | 7,153,729 | 5.09 | 140,416,519 | 58.61% | 185,679 |
12 | Reappoint Martin Kane
| 139,172,481 | 99.11 | 1,246,207 | 0.89 | 140,418,688 | 58.61% | 183,038 |
13 | Reappoint Martin Lamb
| 139,754,979 | 99.53 | 663,120 | 0.47 | 140,418,099 | 58.61% | 183,446 |
14 | Reappoint Michael McKeon
| 139,165,644 | 99.11 | 1,250,508 | 0.89 | 140,416,152 | 58.61% | 184,983 |
15 | Appoint Philip Remnant | 139,929,573 | 99.66 | 475,121 | 0.34 | 140,404,694 | 58.61% | 196,196 |
16 | Reappoint Andy Smith
| 139,140,423 | 99.09 | 1,272,867 | 0.91 | 140,413,290 | 58.61% | 187,593 |
17 | Appoint Dr Angela Strank
| 139,999,993 | 99.70 | 416,233 | 0.30 | 140,416,226 | 58.61% | 186,209 |
18 | Reappoint auditors
| 135,541,011 | 98.56 | 1,978,176 | 1.44 | 137,519,187 | 57.40% | 3,082,764 |
19 | Authorise directors to determine auditors' remuneration | 139,065,185 | 99.11 | 1,248,085 | 0.89 | 140,313,270 | 58.57% | 289,575 |
20 | Authorise political donations | 137,747,413 | 98.83 | 1,633,790 | 1.17 | 139,381,203 | 58.18% | 1,219,350 |
21 | Authorise allotment of shares | 137,930,831 | 98.48 | 2,126,275 | 1.52 | 140,057,106 | 58.46% | 545,853 |
22 | Disapply pre-emption rights | 137,872,002 | 98.32 | 2,358,353 | 1.68 | 140,230,355 | 58.54% | 372,076 |
23 | Authorise purchase of own shares | 139,846,420 | 99.58 | 591,723 | 0.42 | 140,438,143 | 58.62% | 163,772 |
24 | Reduce notice period for general meetings | 128,064,867 | 91.21 | 12,341,308 | 8.79 | 140,406,175 | 58.61% | 195,572 |
Notes
1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
2. 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.
3. Issued ordinary share capital at 14 July 2014: 239,565,711 shares.
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