REG - Balfour Beatty PLC - Result of AGM

Balfour BeattyAnnouncement

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RNS Number : 4827D  Balfour Beatty PLC  07 May 2026

Balfour Beatty plc (the 'Company')

AGM Results

7 May 2026

 

Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held
on 7 May 2026, the resolutions set out in the Notice of AGM dated 20 March
2026 were passed following a poll on each resolution, apart from resolution 9
which was withdrawn as set out in the announcement dated 24 April 2026.

 

Resolutions 1 to 18 were passed as Ordinary Resolutions and Resolutions 19 to
21 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)

                                                                                                                                              Withheld
 Resolution 1:

 To receive the audited accounts for the financial year ended 31 December 2025,
 together with the Strategic report, Directors' report and Auditor's report on

 those accounts.

                                                                                  340,386,279   100.00   4,155          0.00    340,390,434   3,592,962   69.97%
 Resolution 2:

 To approve the Directors' Remuneration Report for the year ended 31 December
 2025.

                                                                                  333,452,842   96.95    10,475,829     3.05    343,928,671   54,725      70.70%
 Resolution 3:

 To approve the Directors' Remuneration Policy.

                                                                                  331,948,981   96.52    11,976,388     3.48    343,925,369   58,027      70.70%
 Resolution 4:

 To declare a final dividend of 9.8p per share on the ordinary shares of the
 Company.

                                                                                  343,957,767   100.00   3,296          0.00    343,961,063   22,333      70.71%
 Resolution 5:

 To re-elect Mr. C L Allen, Lord Allen of Kensington, CBE

 as a Director.                                                                   299,750,799   87.18    44,069,657     12.82   343,820,456   162,940     70.68%
 Resolution 6:

 To re-elect Ms. G Costigan, MBE as a Director.

                                                                                  335,517,821   98.38    5,523,435      1.62    341,041,256   2,942,140   70.11%
 Resolution 7:

 To re-elect Ms. A. Drinkwater as a Director.                                     335,400,305   97.52    8,540,789      2.48    343,941,094   42,302      70.70%
 Resolution 8:

 To re-elect Ms. L J Hardy as a Director.                                         342,242,685   99.51    1,695,901      0.49    343,938,586   44,810      70.70%
 Resolution 9:

 To re-elect Mr. P J Harrison as a Director.                                      Resolution Withdrawn
 Resolution 10:

 To elect Mr. P D Hoare as a Director.

                                                                                  342,286,567   99.53    1,632,250      0.47    343,918,817   64,579      70.70%
 Resolution 11:

 To re-elect Mr. R J MacLeod as a Director.                                       339,968,589   98.85    3,953,686      1.15    343,922,275   61,121      70.70%
 Resolution 12:

 To re-elect Ms. B J Moorhouse as a Director.

                                                                                  339,895,564   98.83    4,037,901      1.17    343,933,465   49,931      70.70%
 Resolution 13:

 To re-elect Mr. R L Wynter as a Director.

                                                                                  342,272,842   99.52    1,648,834      0.48    343,921,676   61,720      70.70%
 Resolution 14:

 To reappoint KPMG LLP as auditor of the Company to hold office until the
 conclusion of the next general meeting at which accounts are laid.

                                                                                  342,428,772   99.57    1,466,502      0.43    343,895,274   88,122      70.69%
 Resolution 15:

 To authorise the Directors to determine the remuneration of

 the auditor.

                                                                                  343,541,089   99.88    406,444        0.12    343,947,533   35,675      70.71%
 Resolution 16:

 To approve amendments to the rules of the Balfour Beatty Performance Share
 Plan 2021.

                                                                                  338,480,683   98.42    5,428,547      1.58    343,909,230   74,166      70.70%
 Resolution 17:

 To authorise the Company and its UK subsidiaries to incur political
 expenditure.

                                                                                  334,501,559   97.25    9,445,418      2.75    343,946,977   36,315      70.70%
 Resolution 18:

 To authorise the Directors to allot shares.

                                                                                  319,782,119   92.98    24,146,657     7.02    343,928,776   54,620      70.70%
 Resolution 19:

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

                                                                                  331,960,373   96.52    11,977,369     3.48    343,937,742   45,654      70.70%
 Resolution 20:

 To renew the authority for the Company to purchase its own ordinary shares.

                                                                                  336,498,161   97.99    6,900,883      2.01    343,399,044   584,352     70.59%
 Resolution 21:

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

                                                                                  333,563,611   96.98    10,391,112     3.02    343,954,723   28,673      70.71%

 

 

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 6,394,302 treasury shares registered on the share register in
the Company's name at close of business on 5 May 2026, and the number used for
the percentage of ISC voted was 486,454,282.

 

In accordance with Listing Rule 6.4.2R, 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

 

 

 

Analyst/investor enquiries:
Jim Ryan

Tel. +44 (0)785 836 8527

jim.ryan@balfourbeatty.com

Media enquiries:
Vivienne Dunn

Tel. +44 (0)203 810 2345

vivienne.dunn@balfourbeatty.com

Notes to editors:

·    Balfour Beatty is a leading international infrastructure group with
27,000 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.

·    For over 100 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.

Legal Entity Identifier: CT4UIJ3TUKGYYHMENQ17

 

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