Last checked at 8 Jul 2021 12:59
LEI: 213800RPBXRETY4A4C59
Severn Trent Plc
(the "Company")
Results of the Annual General Meeting held on 8 July 2021
At the Annual General Meeting of Severn Trent Plc held on 8 July 2021, all the resolutions set out in the Notice of Meeting were approved by the shareholders which were voted by way of a poll. The total number of votes received for each resolution is set out below.
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.
Resolutions 1 to 18 were passed as ordinary resolutions and resolutions 19 to 22 were passed as special resolutions.
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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
In total, 77.18% of the issued share capital, excluding shares held in treasury, was voted and the percentages shown below are rounded to two decimal places.
www.severntrent.com
| 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 Report and Accounts for the year ended 31 March 2021 | 192,812,321 | 99.99 | 23,787 | 0.01 | 192,836,108 | 77.16% | 93,477 |
2 | Approve the Directors' Remuneration Report | 187,673,058 | 97.59 | 4,638,676 | 2.41 | 192,311,734 | 76.95% | 617,851 |
3 | Approve the Directors' Remuneration Policy | 191,642,002 | 99.66 | 662,228 | 0.34 | 192,304,230 | 76.94% | 625,355 |
4 | Approve a replacement Long Term Incentive Plan ('LTIP 2021') | 191,976,450 | 99.55 | 873,964 | 0.45 | 192,850,414 | 77.16% | 79,171 |
5 | Approve the Climate Change Action Plan | 183,450,473 | 99.44 | 1,037,235 | 0.56 | 184,487,708 | 73.82% | 8,441,877 |
6 | Declare a final ordinary dividend in respect of the year ended 31 March 2021 | 192,316,860 | 99.69 | 602,100 | 0.31 | 192,918,960 | 77.19% | 10,625 |
7 | Reappoint Kevin Beeston | 192,561,077 | 99.84 | 304,820 | 0.16 | 192,865,897 | 77.17% | 63,288 |
8 | Reappoint James Bowling | 192,749,241 | 99.94 | 118,427 | 0.06 | 192,867,668 | 77.17% | 61,517 |
9 | Reappoint John Coghlan | 192,583,381 | 99.85 | 280,934 | 0.15 | 192,864,315 | 77.17% | 64,870 |
10 | Reappoint Olivia Garfield | 192,792,858 | 99.96 | 78,854 | 0.04 | 192,871,712 | 77.17% | 57,473 |
11 | Reappoint Christine Hodgson | 192,520,048 | 99.82 | 350,677 | 0.18 | 192,870,725 | 77.17% | 58,460 |
12 | Reappoint Sharmila Nebhrajani | 192,550,007 | 99.84 | 315,593 | 0.16 | 192,865,600 | 77.17% | 63,585 |
13 | Reappoint Philip Remnant | 192,345,854 | 99.73 | 520,887 | 0.27 | 192,866,741 | 77.17% | 62,444 |
14 | Reappoint Angela Strank | 191,745,916 | 99.42 | 1,126,924 | 0.58 | 192,872,840 | 77.17% | 56,345 |
15 | Reappoint Deloitte LLP as Auditor of the Company | 188,681,810 | 97.81 | 4,219,586 | 2.19 | 192,901,396 | 77.18% | 28,189 |
16 | Authorise the Audit Committee to determine the remuneration of the Auditor | 191,745,267 | 99.40 | 1,155,391 | 0.60 | 192,900,658 | 77.18% | 28,927 |
17 | Authorise the Company and all companies which are subsidiaries of the Company to make political donations not exceeding £50,000 in total | 178,075,611 | 98.24 | 3,185,663 | 1.76 | 181,261,274 | 72.52% | 11,668,311 |
18 | Renew the Company's authority to allot shares | 187,753,430 | 97.33 | 5,145,575 | 2.67 | 192,899,005 | 77.18% | 30,580 |
19 | Disapply pre-emption rights on up to five per cent of the issued share capital | 191,309,234 | 99.90 | 200,858 | 0.10 | 191,510,092 | 76.63% | 1,419,493 |
20 | Disapply pre-emption rights on up to an additional five per cent of the issued share capital in connection with an acquisition or specified capital investment | 189,510,683 | 98.42 | 3,037,120 | 1.58 | 192,547,803 | 77.04% | 381,782 |
21 | Authorise the Company to make market purchases of its Ordinary Shares | 191,288,877 | 99.65 | 668,739 | 0.35 | 191,957,616 | 76.80% | 971,969 |
22 | Authorise general meetings of the Company, other than Annual General Meetings, to be called on not less than 14 clear days' notice | 182,869,286 | 94.81 | 10,016,998 | 5.19 | 192,886,284 | 77.18% | 21,410 |
Notes
1. Any proxy appointments which gave discretion to the Chair 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 (excluding shares held in treasury) at 8 July 2021: 249,931,407 shares.