27 July 2020
National Grid plc ('National Grid' or 'the Company')
Publication of AGM Results
The Company announces that the following resolutions were duly passed at the Company's 2020 Annual General Meeting ('AGM') which was held today at 1.45pm at National Grid's Office, 35 Homer Road, Solihull B91 3QJ.
Resolutions 1 to 22 were passed as ordinary resolutions; resolutions 23 to 26 were passed as special resolutions. The results of the poll for each resolution are as follows:
|
Resolution |
Votes For |
For (% of shares voted) |
Votes against |
Against (% of shares voted) |
Votes Withheld** |
|
|
1
|
To receive the Annual Report and Accounts |
2,370,239,911 |
99.90 |
2,364,341 |
0.10 |
2,520,206 |
|
2
|
To declare a final dividend |
2,352,146,577 |
99.09 |
21,655,368 |
0.91 |
1,325,997 |
|
3
|
To re-elect Sir Peter Gershon |
2,350,837,977 |
99.10 |
21,465,138 |
0.90 |
2,824,828 |
|
4
|
To re-elect John Pettigrew |
2,364,206,040 |
99.65 |
8,274,421 |
0.35 |
2,647,482 |
|
5
|
To re-elect Andy Agg |
2,335,511,566 |
98.45 |
36,860,618 |
1.55 |
2,745,071 |
|
6
|
To re-elect Nicola Shaw |
2,363,642,190 |
99.71 |
6,887,443 |
0.29 |
4,597,366 |
|
7
|
To re-elect Mark Williamson |
2,361,625,789 |
99.62 |
9,093,522 |
0.38 |
4,402,872 |
|
8
|
To re-elect Jonathan Dawson |
2,351,511,762 |
99.19 |
19,209,695 |
0.81 |
4,400,726 |
|
9
|
To re-elect Therese Esperdy |
2,363,815,145 |
99.70 |
7,139,353 |
0.30 |
4,167,685 |
|
10
|
To re-elect Paul Golby |
2,362,346,442 |
99.66 |
7,952,222 |
0.34 |
4,823,519 |
|
11
|
To elect Liz Hewitt
|
2,354,019,341 |
99.31 |
16,377,932 |
0.69 |
4,724,910 |
|
12
|
To re-elect Amanda Mesler |
2,363,523,122 |
99.71 |
6,963,789 |
0.29 |
4,635,272 |
|
13
|
To re-elect Earl Shipp |
2,362,999,504 |
99.69 |
7,369,536 |
0.31 |
3,349,143 |
|
14
|
To re-elect Jonathan Silver |
2,360,068,009 |
99.56 |
10,334,594 |
0.44 |
4,718,384 |
|
15
|
To re-appoint the auditors Deloitte LLP |
2,369,468,945 |
99.85 |
3,467,423 |
0.15 |
2,185,434 |
|
16
|
To authorise the Audit Committee to set the auditors' remuneration |
2,366,006,827 |
99.82 |
4,257,527 |
0.18 |
4,854,201 |
|
17
|
To approve the Directors' Remuneration Report |
2,273,916,544 |
96.92 |
72,165,518 |
3.08 |
29,038,913 |
|
18
|
To authorise the Company to make political donations |
2,300,577,177 |
97.62 |
56,040,139 |
2.38 |
18,503,670 |
|
19
|
To authorise the Directors to allot Ordinary Shares |
2,314,485,550 |
97.55 |
58,233,641 |
2.45 |
2,401,796 |
|
20
|
Reapproval of the National Grid plc Share Incentive Plan |
2,355,628,504 |
99.36 |
15,119,083 |
0.64 |
4,380,356 |
|
21
|
Reapproval of the National Grid Sharesave Plan |
2,299,020,699 |
96.98 |
71,697,082 |
3.02 |
4,410,162 |
|
22
|
Approval of increased borrowing limit |
2,346,865,378 |
98.95 |
24,970,667 |
1.05 |
3,284,639 |
|
23*
|
To disapply pre-emption rights |
2,347,855,461 |
99.07 |
21,937,889 |
0.93 |
5,328,833 |
|
24*
|
To disapply pre-emption rights for acquisitions |
2,317,456,179 |
97.79 |
52,483,067 |
2.21 |
5,177,064 |
|
25*
|
To authorise the Company to purchase its own Ordinary Shares |
2,335,095,456 |
98.39 |
38,139,762 |
1.61 |
1,880,085 |
|
26*
|
To authorise the Directors to hold general meetings on 14 clear days' notice |
2,178,231,519 |
91.81 |
194,339,641 |
8.19 |
2,549,043 |
* Special resolution
** A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
As required by the Listing Rules of the Financial Conduct Authority, copies of AGM resolutions numbered 19 and 23-26 have been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available to the public for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
The complete poll results and details of proxy votes lodged before the meeting will be available shortly on the Company's website https://investors.nationalgrid.com/shareholder-information/agm/2020
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
