REG - Balfour Beatty PLC - Result of AGM
RNS Number : 5623YBalfour Beatty PLC13 May 2021Balfour Beatty plc (the 'Company')
AGM Results
13 May 2021
Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held on 13 May 2021, the resolutions set out in the Notice of AGM dated 14 April 2021 were passed following a poll on each resolution.
Resolutions 1 to 16 were passed as Ordinary Resolutions and Resolutions 17 to 20 were passed as Special Resolutions. The table below details votes cast on each resolution.
Votes For
%
Votes Against
%
Votes Total
Votes
Withheld
% of ISC Voted (excluding shares held in Treasury)
Resolution 1:
To adopt the Directors' Report and Accounts for the year ended 31 December 2020
500,558,030
99.99
61,003
0.01
500,619,033
40,578,193
81.02
Resolution 2:
To approve the Directors' Remuneration Report for the year ended 31 December 2020
491,532,925
96.91
15,686,233
3.09
507,219,158
33,978,068
81.02
Resolution 3:
To declare a final dividend of 1.5p per ordinary share of the Company
541,161,090
99.99
13,043
0.01
541,174,133
23,093
81.02
Resolution 4:
To re-elect Mr P S Aiken AM as a Director
417,152,141
77.99
117,708,516
22.01
534,860,657
6,336,569
81.02
Resolution 5:
To re-elect Dr S R Billingham CBE as a Director
532,998,578
98.49
8,158,220
1.51
541,156,798
40,428
81.02
Resolution 6:
To re-elect Mr S J Doughty CMG as a Director
532,911,732
98.48
8,246,967
1.52
541,158,699
38,527
81.02
Resolution 7:
To re-elect Mr P J Harrison as a Director
540,511,511
99.88
650,180
0.12
541,161,691
35,535
81.02
Resolution 8:
To re-elect Mr M A Lucki as a Director
540,452,320
99.87
698,962
0.13
541,151,282
45,944
81.02
Resolution 9:
To re-elect Ms B J Moorhouse as a Director
533,546,571
98.59
7,609,596
1.41
541,156,167
41,059
81.02
Resolution 10:
To re-elect Mr L M Quinn as a Director
528,340,632
97.63
12,822,188
2.37
541,162,820
34,406
81.02
Resolution 11:
To re-elect Ms A Drinkwater as a Director
527,802,820
97.53
13,361,920
2.47
541,164,740
32,486
81.02
Resolution 12:
To reappoint KPMG LLP as auditor
507,107,781
93.72
34,001,593
6.28
541,109,374
87,852
81.02
Resolution 13:
To authorise the Directors to determine the remuneration of the auditor
541,110,070
99.99
52,360
0.01
541,162,430
34,796
81.02
Resolution 14:
To authorise the Company and its UK subsidiaries to incur political expenditure
527,665,296
97.51
13,491,950
2.49
541,157,246
39,980
81.02
Resolution 15:
To authorise the Directors to allot shares
526,581,017
97.30
14,593,694
2.70
541,174,711
22,515
81.02
Resolution 16:
To adopt the rules of the Balfour Beatty Performance share Plan 2021
505,974,187
93.51
35,138,805
6.49
541,112,992
84,234
81.02
Resolution 17: To adopt the Articles of Association
541,075,823
99.99
54,195
0.01
541,130,018
67,208
81.02
Resolution 18:
To authorise the Directors to allot shares for cash on a non pre-emptive basis
535,288,057
98.92
5,866,472
1.08
541,154,529
42,697
81.02
Resolution 19:
To renew the authority for the Company to purchase its own ordinary shares
505,346,756
93.67
34,144,164
6.33
539,490,920
1,706,306
81.02
Resolution 20:
To authorise the Company to hold meetings, other than an Annual General Meeting, on 14 clear days' notice
522,521,325
96.56
18,628,888
3.44
541,150,213
47,013
81.02
Notes:
1. The "for" votes include those giving the Chairman of the AGM discretion.
2. Votes "for" and "against" are expressed as a percentage of the total votes cast (excluding votes withheld).
3. The percentages above are rounded to two decimal places.
4. A vote withheld is not a vote in law and is not counted in the calculation of votes "for" or "against" a resolution.
5. Votes withheld are included in the percentage of issued share capital ('ISC') voted (excluding shares held in Treasury) calculation.
6. The total number of Ordinary Shares of 50p each in the Company in issue, excluding 21,724,180 treasury shares registered in the Company's name, at close of business on 11 May 2021 and the number used for the percentage of ISC voted was 668,015,439.
Resolution 4 was passed, with a majority 77.99% shareholder support for the re-election of Philip Aiken AM as a Director of the Company. The Board notes the result of this resolution which we understand has arisen due to concerns about board diversity. We engaged widely with shareholders during the year and will continue to do so. We will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the 2021 AGM.
In accordance with Listing Rule 9.6.2R, copies of each of Resolutions 14 to 20 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Please do not hesitate to contact ShareholderQuestions@balfourbeatty.com should you have any queries regarding this announcement. Please note that this email address will be deactivated one week after conclusion of the AGM.
Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.
General enquiries:
Contact and telephone number for queries /
Duly authorised officer of issuer responsible for making notification:
Tracey Wood, Group General Counsel and Company Secretary
Tel. +44 (0)20 7216 6800
Analyst/investor enquiries:
Angus Barry
Tel. +44 (0)7966 281 635
angus.barry@balfourbeatty.com
Media enquiries:
Antonia Walton
Tel. +44 (0) 7966 929 633
antonia.walton@balfourbeatty.com
Notes to editors:
· Balfour Beatty is a leading international infrastructure group with 26,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.
· We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.
· Over the last 112 years we have created iconic buildings and infrastructure all over the world including: the £1.5 billion A14 improvement scheme - Britain's biggest road project; Hong Kong's HK$5.5 billion world-class harbour theatre project for the West Kowloon Cultural District Authority; and the 12.5 mile $429 million North Metro Commuter Rail line in Colorado, US.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDRAGUOVRRASUVAAR
Recent news on Balfour Beatty
See all newsREG - Balfour Beatty PLC - Transaction in Own Shares
AnnouncementREG - Balfour Beatty PLC - Transaction in Own Shares
AnnouncementREG - Balfour Beatty PLC - Transaction in Own Shares
AnnouncementREG - Balfour Beatty PLC - Transaction in Own Shares
AnnouncementREG - Balfour Beatty PLC - Transaction in Own Shares
Announcement