REG - Pennon Group PLC - Result of AGM

PennonAnnouncement

25/07/2019 16:30

RNS Number : 7739G
Pennon Group PLC
25 July 2019
 


 
 
PENNON GROUP PLC
 
Results of the Annual General Meeting held on 25 July 2019 at Sandy Park Conference Centre, Sandy Park Way, Exeter, EX2 7NN
 
The Directors are pleased to announce that the shareholders of Pennon Group plc at the Company's Annual General Meeting on Thursday 25 July 2019 passed on a show of hands all the resolutions as set out in the Notice of Annual General Meeting dated 17 June 2019.
 
The following table summarises the proxy voting instructions received from shareholders prior to the meeting. In total, valid proxy instructions were received in respect of 74.82% of the issued share capital, excluding shares held in treasury.
 
A copy of each of the resolutions passed by the Company, other than resolutions concerning ordinary business, will be submitted and made available for inspection from the National Storage Mechanism at www.morningstar.co.uk
 
A copy of this announcement has been posted on the Company's website at www.pennon-group.co.uk/investor-information/shareholder-services
 
 




RESOLUTION 


VOTES
FOR


%
FOR


VOTES
AGAINST


%
AGAINST


VOTES
WITHHELD





1.   To receive and adopt for the annual reports and accounts for the year ended 31 March 2019.
 


314,388,198
 


99.99%


19,498


0.01%


262,788




2.   To declare a final dividend in respect of the year ended 31 March 2019 of 28.22p for each ordinary share for payment on 3 September 2019.
 


314,552,018
 


99.96%


117,028


0.04%


1,438




3.   To approve the Directors' remuneration report.
 


311,271,238


99.31%


2,162,802


0.69%


1,236,442




4.   To re-elect Sir John Parker as a Director.
 


309,775,694


98.45%


4,868,745


1.55%


26,045




5.   To re-elect Neil Cooper as a Director.
 


311,415,254


98.98%


3,220,575


1.02%


34,655




6.   To re-elect Susan Davy as a Director.
 


311,422,499


98.98%


3,220,231


1.02%


27,754




7.   To elect Iain Evans as a Director.
 


314,303,005


99.89%


335,664


0.11%


31,815




8.   To re-elect Christopher Loughlin as a Director.
 


311,334,991


98.95%


3,310,740


1.05%


24,753




9.   To re-elect Gill Rider as a Director.
 


312,550,860


99.33%


2,096,322


0.67%


23,302




10.  To re-appoint Ernst & Young LLP as auditor of the Company.
 


313,507,153


99.64%


1,135,882


0.36%


27,449




11.  To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board.
 


313,291,425


99.57%


1,344,468


0.43%


34,591




12.  To authorise the Company and its subsidiaries to make political donations up to a specified limit.
 


304,667,733


97.92%


6,484,165


2.08%


3,518,586




13.  To grant the Directors authority to allot shares.
 


     307,992,817


97.89%


6,653,454


2.11%


24,213




14.  To authorise the partial exclusion of pre-emption rights.
 


313,627,090


99.70%


956,882


0.30%


86,512




15.  To authorise the partial exclusion of pre-emption rights in connection with an acquisition or specified capital investment.
 


306,021,114


97.28%


8,546,411


2.72%


102,958




16.  To authorise the market purchase of the Company's shares.
 


313,022,757


99.53%


1,479,753


0.47%


167,973




17.  To authorise a general meeting other than an AGM to be called on 14 clear days' notice.
 


301,764,662


95.91%


12,867,715


4.09%


38,107




18.  To amend the Articles of Association to define the rights attached to the WaterShare+ Share
 


311,252,088


99.00%


3,155,825


1.00%


262,571




19.  To grant the Directors authority to issue the WaterShare+ Share
 


299,261,651


95.18%


15,159,124
 


4.82%


249,708



 
Notes
 
i)      The total votes cast in favour of each resolution includes those giving the Chairman discretion.
 
ii)     The percentage is rounded to two decimal places.
 
iii)    A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
 
iv)    Resolutions 14 to 18 are special resolutions.
 
v)     The total number of ordinary shares of 40.7p each in issue at the meeting date, excluding shares held in treasury, was 420,574,574.
 
25 July 2019
www.pennon-group.co.uk
 
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