REG - Pennon Group PLC - Result of AGM

PennonAnnouncement

31/07/2020 14:05

RNS Number : 8087U
  
Pennon Group PLC
  
31 July 2020
  
 

 
 
PENNON GROUP PLC 
 
Results of the Annual General Meeting held on 31 July 2020 at Peninsula House, Rydon Lane, Exeter EX2 7HR
 
The Directors are pleased to announce that the shareholders of Pennon Group plc at the Company's Annual General Meeting on Friday 31 July 2020 passed all the resolutions as set out in the Notice of Annual General Meeting dated 8 July 2020. Voting on all resolutions was conducted by way of a poll.
 
In total, 71% of the issued share capital was voted, 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism 
 
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


% OF ISSUED SHARE CAPITAL VOTED


VOTES
WITHHELD





1.   To receive and adopt for the annual reports and accounts for the year ended 31 March 2020.
 


297,859,462


99.98


46,125


0.02


70.69%


1,342,206




2.   To declare a final dividend in respect of the year ended 31 March 2020 of 30.11p for each ordinary share for payment on 2 September 2020.
 


291,376,981


97.37


7,867,771


2.63


71.00%


3,042




3.   To approve the Directors' remuneration report.
 


288,777,693


96.85


9,401,061


3.15


70.75%


1,069,039




4.   To approve the Directors' remuneration policy.


273,446,928


91.50


25,393,521


8.50


70.91%


407,344




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


299,194,338


99.99


39,386


0.01


71.00%


14,070




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


298,089,205


99.62


1,143,035


0.38


71.00%


15,554




7.   To elect Paul Boote as a Director.
 


298,566,874


99.78


665,416


0.22


71.00%


15,504




8.   To elect Jon Butterworth as a Director.
 


298,125,247


99.98


54,648


0.02


70.75%


1,067,898




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


298,164,810


99.99


17,295


0.01


70.75%


1,065,689




10.  To re-elect Iain Evans as a Director.
 


298,150,935


99.99


28,127


0.01


70.75%


1,068,732




11.  To elect Claire Ighodaro as a Director.
 


298,897,358


99.89


335,856


0.11


71.00%


14,580




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


296,613,972


99.47


1,571,034


0.53


70.75%


1,062,788




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


297,587,686


99.45


1,642,903


0.55


71.00%


17,205




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


290,962,478


97.24


8,271,637


2.76


71.00%


13,679




15.  To grant the Directors authority to allot shares.
 


290,129,081


96.96


9,106,923


3.04


71.00%


11,790




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


298,684,431


99.98


72,599


0.02


70.89%


490,764




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


297,570,396


99.60


1,182,133


0.40


70.89%


495,264




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


290,207,455


97.03


8,891,825


2.97


70.97%


148,513




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


283,791,500


94.84


15,450,409


5.16


71.00%


5,885




20.  To authorise the Directors to resolve to pay a dividend on the WaterShare+ Share. 
 


291,151,815


97.35


7,924,875


2.65


70.96%


171,104



 
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 16 to 20 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 421,434,437.
 
31 July 2020
www.pennon-group.co.uk
 
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