REG - Pennon Group PLC - Result of AGM

PennonAnnouncement

24/07/2024 12:45

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RNS Number : 6883X  Pennon Group PLC  24 July 2024

Pennon Group plc

 

Result of the Annual General Meeting held on 24(th) July 2024 at Peninsula
House, Rydon Lane Exeter, EX2 7HR at 10:00am

 

The Directors are pleased to announce that the shareholders of Pennon Group
plc passed all the Resolutions which were set out in the Notice of Annual
General Meeting dated 20(th) May 2024.

 

Voting on all Resolutions was conducted by way of a poll and the below table
shows the percentage of issued share capital voted for each.

 

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 on the National Storage Mechanism
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

A copy of this announcement will be posted on the Company's website
at www.pennon-group.co.uk/investor-information/shareholder-services
(http://www.pennon-group.co.uk/investor-information/shareholder-services)

 

 

      RESOLUTION                                                                     VOTES        %      VOTES       %         VOTES        % SHARE CAPITAL VOTED  VOTES

TOTAL

                                                                                     FOR          FOR    AGAINST     AGAINST
                                   WITHHELD

 1.   To receive and adopt for the Annual Report and Accounts for the year ended     188,458,879  99.98  30,577      0.02      188,489,456  65.90%                 806,775
      31(st) March 2024

 2.   To declare a final dividend in respect of the year ended 31(st) March 2024     188,956,438  99.83  328,701     0.17      189,285,139  66.17%                 11,092

 3.   To approve the Directors' Remuneration Report                                  180,111,810  95.63  8,221,698   4.37      188,333,508  65.84%                 962,723

 4.   To elect David Sproul as a Director                                            189,047,635  99.90  179,923     0.10      189,227,558  66.15%                 68,672

 5.   To elect Steve Buck as a Director(1)

 6.   To re-elect Susan Davy as a Director                                           188,405,995  99.56  840,057     0.44      189,246,052  66.16%                 50,179

 7.   To re-elect Iain Evans as a Director                                           174,396,439  92.16  14,834,526  7.84      189,230,965  66.16%                 65,129

 8.   To re-elect Jon Butterworth as a Director                                      188,990,155  99.87  245,378     0.13      189,235,533  66.16%                 60,561

 9.   To re-elect Claire Ighodaro as a Director                                      188,921,206  99.83  315,907     0.17      189,237,113  66.16%                 58,981

 10.  To re-elect Loraine Woodhouse as a Director                                    188,998,494  99.88  228,594     0.12      189,227,088  66.15%                 69,006

 11.  To re-elect Dorothy Burwell as a Director                                      189,132,745  99.95  100,520     0.05      189,233,265  66.16%                 62,829

 12.  To appoint PricewaterhouseCoopers   LLP as auditor of the Company              188,510,862  99.61  743,808     0.39      189,254,670  66.16%                 40,259

 13.  To authorise the Audit Committee to determine the remuneration of the auditor  189,194,471  99.96  68,326      0.04      189,262,797  66.17%                 32,269
      on behalf of the Board

 14.  To authorise the Company and its subsidiaries to make political donations up   188,519,690  99.62  710,536     0.38      189,230,226  66.16%                 64,840
      to a specified limit

 15.  To grant the Directors authority to allot shares                               184,796,087  97.64  4,471,711   2.36      189,267,798  66.17%                 27,268

 16.  To consider and approve the Company's climate-related financial disclosures    152,297,499  82.01  33,412,037  17.99     185,709,536  64.92%                 3,585,530
      (as set out on pages 78-109 of the Annual Report and Accounts 2024)

 17.  To adopt the Pennon Group Sharesave Scheme                                     188,989,764  99.87  247,836     0.13      189,237,600  66.16%                 57,466

 18.  To adopt the Pennon Group All-Employee Share Incentive Plan                    189,017,147  99.88  224,473     0.12      189,241,620  66.16%                 53,446

 19.  To authorise the general disapplication of pre-emption rights                  187,693,144  99.19  1,529,487   0.81      189,222,631  66.15%                 72,435

 20.  To authorise the disapplication of pre-emption rights in connection with an    169,011,753  89.32  20,212,555  10.68     189,224,308  66.15%                 70,758
      acquisition or specified capital investment

 21.  To authorise the market purchase of the Company's shares                       188,347,797  99.56  826,370     0.44      189,174,167  66.14%                 120,899

 22.  To authorise that a general meeting, other than an AGM, may be called on not   183,012,188  96.70  6,253,988   3.30      189,266,176  66.17%                 28,890
      less than 14 clear day's notice

 23.  To approve the amendments to the Articles of Association                       189,151,481  99.96  84,590      0.04      189,236,071  66.16%                 59,425

 

(1.         Resolution 5 was withdrawn due to Steve Buck resigning on
11th July 2024)

 

Notes

 

i)      The total votes cast in favour of each resolution include those
giving the Chair's discretion.

 

ii)     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.

 

iii)    The total number of ordinary shares of 61.05p in issue at the
meeting date was 286,039,695 ordinary shares, excluding 5,628 ordinary shares
held in treasury. Therefore, the total number of voting rights in the Company
as at today's date is 286,045,323 shares.

 

 

24(th) July 2024

www.pennon-group.co.uk (http://www.pennon-group.co.uk)

 

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