11 July 2022
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 2022 Annual General Meeting ('AGM') which was held today at 10.00am at Royal Lancaster London, Lancaster Terrace, London W2 2TY.
Resolutions 1 to 23 (inclusive) were passed as ordinary resolutions; resolutions 24 to 27 (inclusive) 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 |
2,414,142,271 |
99.94 |
1,495,933 |
0.06 |
3,449,696 |
|
2
|
To declare a final dividend |
2,416,680,460 |
99.95 |
1,274,921 |
0.05 |
1,072,866 |
|
3
|
To re-elect Paula Rosput Reynolds |
2,388,882,538 |
98.82 |
28,424,338 |
1.18 |
1,774,780 |
|
4
|
To re-elect John Pettigrew |
2,415,759,080 |
99.93 |
1,768,203 |
0.07 |
1,503,781 |
|
5
|
To re-elect Andy Agg |
2,413,736,546 |
99.85 |
3,591,142 |
0.15 |
1,762,582 |
|
6
|
To re-elect Thérèse Esperdy |
2,390,590,755 |
98.89 |
26,881,692 |
1.11 |
1,558,131 |
|
7
|
To re-elect Liz Hewitt |
2,415,192,698 |
99.91 |
2,108,038 |
0.09 |
1,788,871 |
|
8
|
To elect Ian Livingston |
2,338,516,365 |
97.67 |
55,805,395 |
2.33 |
24,706,790 |
|
9
|
To elect Iain Mackay |
2,414,569,562 |
99.89 |
2,668,807 |
0.11 |
1,850,183 |
|
10
|
To elect Anne Robinson |
2,415,625,954 |
99.93 |
1,796,854 |
0.07 |
1,606,052 |
|
11
|
To re-elect Earl Shipp |
2,390,177,787 |
98.88 |
27,117,023 |
1.12 |
1,795,742 |
|
12
|
To re-elect Jonathan Silver |
2,390,747,459 |
98.89 |
26,719,585 |
1.11 |
1,562,942 |
|
13 |
To elect Tony Wood |
2,414,585,546 |
99.89 |
2,644,990 |
0.11 |
1,853,600 |
|
14 |
To elect Martha Wyrsch |
2,415,569,678 |
99.92 |
1,843,513 |
0.08 |
1,609,615 |
|
15
|
To re-appoint the auditors Deloitte LLP |
2,414,700,695 |
99.92 |
2,036,377 |
0.08 |
2,348,277 |
|
16
|
To authorise the Audit & Risk Committee to set the auditor's remuneration |
2,415,906,224 |
99.93 |
1,774,132 |
0.07 |
1,340,316 |
|
17
|
To approve the Directors' Remuneration Policy |
2,212,775,649 |
93.11 |
163,668,095 |
6.89 |
42,647,128 |
|
18 |
To approve the Directors' Remuneration Report |
2,282,332,960 |
94.52 |
132,428,406 |
5.48 |
4,257,839 |
|
19 |
To approve the Climate Transition Plan |
2,334,041,512 |
98.43 |
37,262,877 |
1.57 |
47,783,363 |
|
20
|
To authorise the Company to make political donations |
2,371,463,445 |
98.43 |
37,815,515 |
1.57 |
9,275,923 |
|
21
|
To authorise the Directors to allot Ordinary Shares |
2,325,763,640 |
96.21 |
91,726,591 |
3.79 |
1,591,011 |
|
22 |
To approve the Scrip Dividend Scheme |
2,416,384,190 |
99.95 |
1,326,282 |
0.05 |
1,315,976 |
|
23 |
To authorise capitalising reserves for the Scrip Dividend Scheme |
2,415,535,285 |
99.92 |
1,932,655 |
0.08 |
1,618,734 |
|
24*
|
To disapply pre-emption rights |
2,395,299,439 |
99.20 |
19,308,362 |
0.80 |
4,411,318 |
|
25*
|
To disapply pre-emption rights for acquisitions |
2,354,925,954 |
97.53 |
59,729,889 |
2.47 |
4,366,550 |
|
26*
|
To authorise the Company to purchase its own Ordinary Shares |
2,393,375,063 |
99.08 |
22,127,657 |
0.92 |
3,467,892 |
|
27*
|
To authorise the Directors to hold general meetings on 14 clear days' notice |
2,231,718,442 |
92.31 |
185,861,406 |
7.69 |
1,443,454 |
* 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 24-27 (inclusive) 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://data.fca.org.uk/#/nsm/nationalstoragemechanism
The complete poll results and details of proxy votes lodged before the meeting will be available shortly on the Company's website https://www.nationalgrid.com/investors/shareholder-information/agm
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