REG - Severn Trent PLC - Severn Trent Plc - Result of AGM

Severn TrentAnnouncement

07/07/2022 13:00

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RNS Number : 7084R  Severn Trent PLC  07 July 2022

 

LEI: 213800RPBXRETY4A4C59

Severn Trent Plc
(the "Company")
Results of the Annual General Meeting held on 7 July 2022, and PR24 draft methodology

 

Results of the Annual General Meeting

 

At the Annual General Meeting of Severn Trent Plc held on 7 July 2022, all the
resolutions set out in the Notice of Meeting were approved by the shareholders
which were voted by way of a poll. The total number of votes received for each
resolution is set out below.

 

The Directors are pleased to announce that the shareholders of Severn Trent
Plc passed all the resolutions that were proposed at this year's Annual
General Meeting.

 

Resolutions 1 to 16 were passed as ordinary resolutions and resolutions 17 to
21 were passed as special resolutions.

 

In accordance with Listing Rule 9.6.2, a copy of the resolutions passed at the
Meeting, other than resolutions concerning ordinary business, will shortly be
available for inspection at the National Storage Mechanism, located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

In total, 78.05% of the issued share capital, excluding shares held in
treasury, was voted and the percentages shown below are rounded to two decimal
places.

 

PR24 draft methodology

 

This morning Ofwat, the economic regulator of the water sector in England and
Wales, released its draft methodology for the 2024 price review ('PR24').

 

We are currently reviewing the methodology document and will host a call at
4pm BST on Tuesday 12 July 2022 to share our key takeaways. You can access the
call via our website at severntrent.com.

 

www.severntrent.com (//www.severntrent.com)

Results of Annual General Meeting

     RESOLUTION                                                                      VOTES FOR    % OF VOTES CAST  VOTES AGAINST  % OF VOTES CAST  VOTES CAST IN TOTAL  TOTAL VOTES CAST AS A % OF ISSUED SHARE CAPITAL  VOTES WITHHELD
 1   Receive the Report and Accounts for the year ended 31 March 2022                195,924,201  99.97            62,447         0.03             195,986,648          78.02%                                           116,273
 2   Approve the Directors' Remuneration Report                                      179,181,598  95.06            9,316,047      4.94             188,497,645          75.04%                                           7,605,276
 3   Declare a final ordinary dividend in respect of the year ended 31 March 2022    195,600,654  99.77            454,607        0.23             196,055,261          78.05%                                           47,660
 4   Reappoint Kevin Beeston                                                         193,751,191  98.85            2,247,599      1.15             195,998,790          78.03%                                           103,731
 5   Reappoint James Bowling                                                         195,895,801  99.95            106,017        0.05             196,001,818          78.03%                                           100,703
 6   Reappoint John Coghlan                                                          193,752,149  98.85            2,247,667      1.15             195,999,816          78.03%                                           102,705
 7   Appoint Tom Delay                                                               195,925,817  99.96            70,556         0.04             195,996,373          78.02%                                           106,148
 8   Reappoint Olivia Garfield                                                       195,924,445  99.96            82,463         0.04             196,006,908          78.03%                                           95,613
 9   Reappoint Christine Hodgson                                                     193,645,294  98.80            2,358,611      1.20             196,003,905          78.03%                                           98,616
 10  Reppoint Sharmila Nebhrajani                                                    193,739,655  98.85            2,262,330      1.15             196,001,985          78.03%                                           100,536
 11  Reappoint Philip Remnant                                                        193,603,948  98.84            2,272,334      1.16             195,876,282          77.98%                                           226,239
 12  Appoint Gillian Sheldon                                                         195,928,942  99.96            71,447         0.04             196,000,389          78.03%                                           102,132
 13  Reappoint Deloitte LLP as Auditor of the Company                                193,672,074  98.80            2,361,871      1.20             196,033,945          78.04%                                           68,976
 14  Authorise the Audit and Risk Committee to determine the remuneration of the     194,397,305  99.17            1,626,581      0.83             196,023,886          78.04%                                           79,035
     Auditor
 15  Authorise political donations and political expenditure                         181,324,666  98.33            3,087,765      1.67             184,412,431          73.41%                                           11,690,490
 16  Renew the Company's authority to allot shares                                   189,304,071  96.57            6,716,858      3.43             196,020,929          78.03%                                           81,990
 17  Disapply pre-emption rights generally, including on up to five per cent of the  193,745,506  99.78            423,109        0.22             194,168,615          77.30%                                           1,934,306
     issued share capital
 18  Disapply pre-emption rights on up to an additional five per cent of the issued  193,542,109  99.18            1,592,023      0.82             195,134,132          77.68%                                           968,789
     share capital in connection with an acquisition or specified capital
     investment
 19  Authorise the Company to make market purchases of its Ordinary Shares           194,959,688  99.50            974,471        0.50             195,934,159          78.00%                                           168,762
 20  Approve proposed amendments to the Articles of Association                      190,821,975  97.37            5,147,178      2.63             195,969,153          78.01%                                           133,768
 21  Authorise general meetings of the Company, other than Annual General Meetings,  186,960,483  95.37            9,067,302      4.63             196,027,785          78.04%                                           75,136
     to be called on not less than 14 clear days' notice

 

 

 

Notes

1. Any proxy appointments which gave discretion to the Chair have been
included in the "for" total.

 

2. 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.

 

3.  Issued ordinary share capital (excluding shares held in treasury) at 7
July 2022: 251,196,960 shares.

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