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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