REG - Balfour Beatty PLC - Result of AGM

Balfour BeattyAnnouncement

09/05/2024 11:15

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RNS Number : 8103N  Balfour Beatty PLC  09 May 2024

Balfour Beatty plc (the 'Company')

AGM Results

9 May 2024

 

Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held
on 9 May 2024, the resolutions set out in the Notice of AGM dated 3 April 2024
were passed following a poll on each resolution.

 

Resolutions 1 to 16 were passed as Ordinary Resolutions and Resolutions 17 to
19 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:                                                                    403,896,833     100.00  4,872          0.00   403,901,705  735,025     76.13%

 To adopt the Directors' Report and Accounts for the year ended 31 December
 2023
 Resolution 2:                                                                    387,412,981     95.76   17,154,779     4.24   404,567,760  68,970      76.26%

 To approve the Directors' Remuneration Report for the year ended 31 December
 2023
 Resolution 3:                                                                    404,579,757     99.99   54,913         0.01   404,634,670  2,060       76.27%

 To declare a final dividend of 8.0p per ordinary share of the Company
 Resolution 4:                                                                    326,115,000     85.23   56,528,444     14.77  382,643,444  21,987,157  72.13%

 To re-elect Mr C Allen, Lord Allen of Kensington CBE as a Director
 Resolution 5:                                                                    399,593,474     98.77   4,968,896      1.23   404,562,370  74,360      76.26%

 To elect Ms G Costigan MBE as a Director

 Resolution 6:                                                                    383,527,226     94.79   21,087,406     5.21   404,614,632  22,098      76.27%

 To re-elect Ms A Drinkwater as a Director

 Resolution 7:                                                                    398,083,960     98.39   6,529,817      1.61   404,613,777  22,953      76.27%

 To re-elect Ms L J Hardy as a Director
 Resolution 8:                                                                    403,323,236     99.68   1,281,452      0.32   404,604,688  25,913      76.27%

 To re-elect Mr P J Harrison as a Director
 Resolution 9:                                                                    404,442,410     99.96   167,554        0.04   404,609,964  26,766      76.27%

 To re-elect Mr M A Lucki as a Director
 Resolution 10:                                                                   404,512,806     99.99   34,785         0.01   404,547,591  88,362      76.26%

 To elect Mr R J MacLeod as a Director
 Resolution 11:                                                                   397,895,674     98.34   6,715,318      1.66   404,610,992  25,738      76.27%

 To re-elect Ms B J Moorhouse as a Director
 Resolution 12:                                                                   399,561,489     98.75   5,053,697      1.25   404,615,186  21,544      76.27%

 To re-elect Mr L M Quinn as a Director
 Resolution 13:                                                                   394,217,558     97.44   10,339,430     2.56   404,556,988  79,691      76.26%

 To reappoint KPMG LLP as auditor
 Resolution 14:                                                                   404,546,911     99.99   60,665         0.01   404,607,576  29,154      76.27%

 To authorise the Directors to determine the remuneration of the auditor
 Resolution 15:                                                                   394,122,724     97.41   10,486,005     2.59   404,608,729  28,001      76.27%

 To authorise the Company and its UK subsidiaries to incur political
 expenditure
 Resolution 16:                                                                   384,775,156     98.17   7,191,477      1.83   391,966,633  12,670,097  73.88%

 To authorise the Directors to allot shares
 Resolution 17:                                                                   384,999,682     95.15   19,610,804     4.85   404,610,486  25,975      76.27%

 To authorise the Directors to allot shares for cash on a non pre-emptive basis
 Resolution 18:                                                                   383,761,522     94.88   20,730,100     5.12   404,491,622  144,839     76.24%

 To authorise the Company to purchase its own ordinary shares
 Resolution 19:                                                                   389,501,780     96.27   15,108,292     3.73   404,610,072  26,389      76.27%

 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 13,630,074 treasury shares registered on the share register
in the Company's name, at close of business on 7 May 2024 and the number used
for the percentage of ISC voted was 530,517,528.

 

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.

 

 

 

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)

Media enquiries:

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
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 114 years we have created iconic buildings and
infrastructure all over the world. Currently, we are working to deliver
Hinkley Point C, the first UK nuclear power station in a generation;
constructing the world-class arts and cultural facility, the Lyric Theatre, in
Hong Kong; and designing, building, financing, operating and maintaining the
Automated People Mover superstructure at the fifth busiest airport in the
world, Los Angeles International Airport.

 

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

 

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