REG - Kier Group PLC - Result of AGM

KierAnnouncement

17/11/2022 17:00

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RNS Number : 8229G  Kier Group PLC  17 November 2022

17 November 2022

KIER GROUP PLC

RESULT OF ANNUAL GENERAL MEETING

Kier Group plc (the "Company") announces the results of its Annual General
Meeting held on 17 November 2022. The voting was held on a poll and the
results for each resolution were as follows:

 Resolution                                                                              Votes for    % votes for(1)  Votes against  % votes      Votes         Total votes validly cast(2)  % voted(3)

                                                                                                                                     Against(1)   Withheld(2)
 1       To receive the Annual Report and Accounts for the year ended 30 June 2022       282,784,431  99.97           74,245         0.03         426,690       282,851,867                  63.38
 2       To approve the Directors' Remuneration Report for the year ended 30 June 2022   114,804,771  56.01           90,166,133     43.99        78,314,462    204,964,095                  45.93
 3       To re-elect Mr MJ Lester as a Director                                          261,765,342  92.46           21,341,111     7.54         178,913       283,099,644                  63.44
 4       To re-elect Mr AOB Davies as a Director                                         279,517,660  98.71           3,666,516      1.29         94,381        283,184,176                  63.45
 5       To re-elect Mr SJ Kesterton as a Director                                       282,675,684  99.83           494,768        0.17         108,105       283,170,452                  63.45
 6       To re-elect Mr JR Atkinson as a Director                                        261,588,902  92.37           21,598,960     7.63         90,695        283,187,862                  63.46
 7       To re-elect Ms AJ Atkinson as a Director                                        261,607,403  92.39           21,551,380     7.61         119,774       283,158,783                  63.45
 8       To elect Ms MC Browne OBE as a Director                                         282,341,728  99.70           843,500        0.30         93,329        283,185,228                  63.45
 9       To re-elect Dame HV Rabbatts as a Director                                      247,285,529  87.33           35,884,760     12.67        115,077       283,163,480                  63.45
 10      To re-elect Mr CG Watson as a Director                                          261,066,594  92.20           22,099,928     7.80         112,035       283,166,522                  63.45
 11      To re-appoint PricewaterhouseCoopers LLP as auditor                             276,485,158  97.63           6,709,920      2.37         83,479        283,195,078                  63.46
 12      To authorise the Risk Management and Audit Committee to agree the remuneration  282,915,303  99.90           285,445        0.10         77,809        283,200,748                  63.46
         of the auditor
 13      To authorise pollical donations                                                 281,190,253  99.31           1,957,521      0.69         130,783       283,147,774                  63.45
 14      To authorise the Directors to allot shares                                      280,880,664  99.21           2,248,807      0.79         141,586       283,129,471                  63.44
 15      To authorise the Directors to disapply pre-emption rights (general)             281,517,433  99.42           1,632,156      0.58         128,968       283,149,589                  63.45
 16      To authorise the Directors to disapply pre-emption rights (acquisition or       281,316,263  99.35           1,838,287      0.65         124,007       283,154,550                  63.45
         specified capital investment)
 17      To authorise the Company to call general meetings, other than annual general    279,634,320  98.75           3,551,522      1.25         92,715        283,185,842                  63.45
         meetings, on not less than 14 clear days' notice

 

 

Notes:

 

1.     Expressed as a percentage of all votes validly cast (and does not
include votes withheld).

2.     A vote withheld is not a vote in law and is not counted in the
calculation of the proportion of votes validly cast.

3.     Expressed as a percentage of the total issued share capital on 15
November 2022. The number of ordinary shares in issue on 15 November 2022 was
446,280,998.

 

Shareholders are entitled to one vote per share. Resolutions 1 to 14
(inclusive) were passed as ordinary resolutions and resolutions 15 to 17
(inclusive) were passed as special resolutions.

 

The Board notes that Resolution 2 (which related to the advisory vote on the
Directors' Remuneration Report) was passed with 56.01% of votes in favour.

 

Prior to the AGM, the Company engaged with its largest shareholders on
Directors' long-term incentives and the Remuneration Committee will reflect
carefully on the points that they have raised. The Remuneration Committee is
commencing its triennial review of the Remuneration Policy and will continue
to engage with as many shareholders as possible during 2023 to understand
their views. The Policy will be put to shareholders for consideration at the
AGM in 2023. In accordance with the UK Corporate Governance Code, the Company
will publish an update within the next six months of this AGM.

 

A copy of all resolutions passed, other than those concerning ordinary
business, will today be submitted to the National Storage Mechanism in
accordance with Listing Rule 9.6.2. These resolutions will shortly be
available for inspection at: https://
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)
data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The Kier Group plc Legal Entity Identifier is 2138002RKCU2OM4Y7O48.

 

 

For enquiries please contact:

Jaime Tham

Company Secretary

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