REG - Severn Trent PLC - Severn Trent Plc - Annual Report and Notice of AGM

Severn TrentAnnouncement

06/06/2023 07:00

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RNS Number : 6995B  Severn Trent PLC  06 June 2023

Severn Trent Plc

 

Annual Report and Notice of Annual General Meeting

 

Severn Trent Plc (the 'Company') announces that it has today published its
2023 Annual Report and Notice of Annual General Meeting ('AGM').

 

Copies of the following documents have been submitted to the Financial Conduct
Authority's Electronic Submission Service and may shortly be viewed on the
National Storage Mechanism at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

·    Annual Report and Accounts 2023;

·    Notice of AGM; and

·    Form of Proxy.

 

The 2023 Annual Report and Accounts and Notice of AGM are available on the
Severn Trent Plc website at www.severntrent.com (http://www.severntrent.com/)
.

 

Our 2023 Annual General Meeting (the 'AGM') is to be held on Thursday 6 July
2023 at 10.00am at the Severn Trent Academy, Hawksley Park, St. Martins Road,
Finham, Coventry, CV3 6PR.

 

Following the success of our annual general meetings in 2021 and 2022,
shareholders will be able to follow the business of the meeting by virtual
means again this year. Those joining virtually will be able to log into a live
webcast and pose questions to the Board in real time.

 

Shareholders intending to view the AGM electronically are reminded to submit
their proxy vote (appointing the Chair of the meeting or another person able
to attend the AGM in person as proxy) in advance of the AGM as online voting
will not be available on the day of the AGM.

 

Shareholders are also able to submit questions in writing through our website
in advance of the AGM. In accordance with corporate governance best practice,
the Board will seek to respond to questions received through the website by
close of business on Monday 26 June 2023, on or before Friday 30 June 2023,
ahead of the proxy voting deadline on Tuesday 4 July 2023.

 

Questions received and the Company's responses will be published on the
Company's website https://www.severntrent.com/ (https://www.severntrent.com/)
shareholder-centre/annual-general-meetings/.

 

The Annual Report and Accounts 2023 for Severn Trent Water Limited will be
available to view on Severn Trent Water's website shortly at www.stwater.co.uk
(http://www.stwater.co.uk/) .

 

 

 

The Appendix to this announcement contains additional information for the
purposes of compliance with the Disclosure and Transparency Rules and should
be read together with the Preliminary Results Announcement issued on 24 May
2023 in respect of the financial year ended 31 March 2023 which included,
inter alia, a condensed set of the Company's financial statements and extracts
from the management report. Together these constitute the information required
by DTR 6.3.5 to be communicated to media in full unedited text. This
announcement should be read in conjunction with and is not a substitute for
reading the full Annual Report and Accounts 2023.

 

The responsibility statement set out in the Appendix is repeated here solely
for the purpose of complying with DTR 6.3.5. The responsibility statement
relates to and is extracted from page 168 of the Annual Report and Accounts
2023. Responsibility is for the full Annual Report and Accounts 2023 not the
extracted information presented in this announcement and the Preliminary
Results Announcement.

 

Appendix

 

Directors' responsibility statement

 

The Directors are responsible for preparing the Annual Report and the
financial statements in accordance with applicable law and regulations.
Company law requires the Directors to prepare financial statements for each
financial year.

 

Under that law, the Directors are required to prepare the Group financial
statements in accordance with United Kingdom adopted International Financial
Reporting Standards ('IFRSs'), and have elected to prepare the Company
financial statements in accordance with United Kingdom Generally Accepted
Practice (United Kingdom Accounting Standards and applicable law) including
FRS 101 'Reduced Disclosure Framework'.

 

Under company law, the Directors must not approve the Annual Report and
financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Company and of the profit or loss of the
Company for the year.

 

In preparing the parent company financial statements, the Directors are
required to:

 

-    select suitable accounting policies and then apply them consistently;

 

-    make judgments and accounting estimates that are reasonable and
prudent;

 

-    state whether applicable UK Accounting Standards have been followed,
subject to any material departures disclosed and explained in the financial
statements; and

 

-    prepare the financial statements on the going concern basis unless it
is inappropriate to presume that the Company will continue in business.

 

In preparing the Group financial statements, International Accounting Standard
1 requires that Directors:

 

-    properly select and apply accounting policies;

 

-    present information, including accounting policies, in a manner that
provides relevant, reliable, comparable and understandable information;

 

-    provide additional disclosures when compliance with the specific
requirements in IFRSs are insufficient to enable users to understand the
impact of particular transactions, other events and conditions on the entity's
financial position and financial performance; and

 

-    make an assessment of the Company's ability to continue as a going
concern.

 

The Directors are responsible for keeping adequate accounting records that are
sufficient to show and explain the Company's transactions and disclose with
reasonable accuracy at any time the financial position of the Company and
enable them to ensure that the financial statements comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the Company
and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.

 

The Directors are responsible for the maintenance and integrity of the
corporate and financial information included on the Company's website.
Legislation in the UK governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.

 

Each of the Directors confirm that to the best of their knowledge:

 

-    the financial statements, prepared in accordance with the relevant
financial reporting framework, give a true and fair view of the assets,
liabilities, financial position and profit or loss of the Company and the
undertakings included in the consolidation taken as a whole;

 

-    the Strategic Report includes a fair review of the development and
performance of the business and the position of the Company and the
undertakings included in the consolidation taken as a whole, together with a
description of the Principal Risks and uncertainties that they face; and

 

-    the Annual Report and financial statements, taken as a whole, are
fair, balanced and understandable, and provide the information necessary for
shareholders to assess the Company's position and performance, business model
and strategy.

 

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