REG - Balfour Beatty PLC - Result of AGM

Balfour BeattyAnnouncement

12/05/2023 14:00

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RNS Number : 3009Z  Balfour Beatty PLC  12 May 2023

Balfour Beatty plc (the 'Company')

AGM Results

12 May 2023

 

Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held
on 12 May 2023, the resolutions set out in the Notice of AGM dated 31 March
2023 were passed following a poll on each resolution.

 

Resolutions 1 to 17 were passed as Ordinary Resolutions and Resolutions 18 to
20 were passed as Special Resolutions. The table below details votes cast on
each resolution.

 

                                                                                  Votes For       %       Votes Against  %      Votes Total  Votes       % of ISC Voted (excluding shares held in Treasury)

                                                                                  And                                                        Withheld

                                                                                  Discretionary
 Resolution 1:                                                                    449,995,564     100.00  2,694          0.00   449,998,258  470,355     76.60%

 To adopt the Directors' Report and Accounts for the year ended 31 December
 2022
 Resolution 2:                                                                    427,684,140     94.95   22,735,424     5.05   450,419,564  49,049      76.68%

 To approve the Directors' Remuneration Report for the year ended 31 December
 2022
 Resolution 3:                                                                    364,512,799     81.11   84,890,014     18.89  449,402,813  1,065,800   76.50%

 To approve the Directors' Remuneration Policy
 Resolution 4:                                                                    450,464,495     100.00  1,680          0.00   450,466,175  2,438       76.68%

 To declare a final dividend of 7.0p per ordinary share of the Company
 Resolution 5:                                                                    350,875,923     83.61   68,763,630     16.39  419,639,553  30,829,060  71.44%

 To re-elect Mr C Allen, Lord Allen of Kensington CBE as a Director
 Resolution 6:                                                                    443,008,519     98.35   7,423,465      1.65   450,431,984  36,629      76.68%

 To re-elect Dr S R Billingham CBE as a Director

 Resolution 7:                                                                    443,029,508     98.36   7,407,031      1.64   450,436,539  32,074      76.68%

 To re-elect Mr S J Doughty CMG as a Director
 Resolution 8:                                                                    449,417,489     99.77   1,019,372      0.23   450,436,861  31,752      76.68%

 To re-elect Ms A Drinkwater as a Director
 Resolution 9:                                                                    448,229,061     99.51   2,194,065      0.49   450,423,126  45,487      76.68%

 To re-elect Ms L J Hardy as a Director
 Resolution 10:                                                                   449,409,626     99.77   1,024,245      0.23   450,433,871  34,742      76.68%

 To re-elect Mr P J Harrison as a Director
 Resolution 11:                                                                   449,365,735     99.76   1,071,318      0.24   450,437,053  31,560      76.68%

 To re-elect Mr M A Lucki as a Director
 Resolution 12:                                                                   442,137,452     98.16   8,300,975      1.84   450,438,427  30,186      76.68%

 To re-elect Ms B J Moorhouse as a Director
 Resolution 13:                                                                   450,293,811     99.97   147,989        0.03   450,441,800  26,813      76.68%

 To re-elect Mr L M Quinn as a Director
 Resolution 14:                                                                   435,668,958     96.73   14,725,397     3.27   450,394,355  71,258      76.67%

 To reappoint KPMG LLP as auditor
 Resolution 15:                                                                   449,957,908     99.89   480,387        0.11   450,438,295  30,318      76.68%

 To authorise the Directors to determine the remuneration of the auditor
 Resolution 16:                                                                   441,257,674     97.97   9,156,072      2.03   450,413,746  54,867      76.67%

 To authorise the Company and its UK subsidiaries to incur political
 expenditure
 Resolution 17:                                                                   428,357,819     95.10   22,085,796     4.90   450,443,615  24,998      76.68%

 To authorise the Directors to allot shares
 Resolution 18:                                                                   447,876,110     99.43   2,556,628      0.57   450,432,738  35,875      76.68%

 To authorise the Directors to allot shares for cash on a non pre-emptive basis

 Resolution 19:                                                                   420,672,366     93.46   29,424,734     6.54   450,097,100  371,513     76.62%

 To renew the authority for the Company to purchase its own ordinary shares
 Resolution 20:                                                                   433,239,347     96.18   17,220,787     3.82   450,460,134  8,479       76.68%

 To authorise the Company to hold meetings, other than an Annual General
 Meeting, on 14 clear days' notice

 

 

Notes:

1.    The "for" votes include those giving the Chair 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 19,444,151 treasury shares registered on the share register
in the Company's name, at close of business on 10 May 2023 and the number used
for the percentage of ISC voted was 587,434,407.

 

In accordance with Listing Rule 9.6.2R, copies of resolutions other than those
concerning ordinary business passed at the Annual General Meeting will be
submitted to the National Storage Mechanism and will shortly be available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Please do not hesitate to contact companysecretary@balfourbeatty.com should
you have any queries regarding this announcement.

 

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

 

Investor and analyst enquiries:

Jim Ryan

Tel. +44 (0) 7858 368527

jim.ryan@balfourbeatty.com (mailto:jim.ryan@balfourbeatty.com)

 

Antonia Walton

Tel. +44 (0) 7966 929 633
antonia.walton@balfourbeatty.com (mailto:antonia.walton@balfourbeatty.com)

 

Notes to editors:

·    Balfour Beatty is a leading international infrastructure group with
25,000 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 113 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.

 

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