TIDMPNN
RNS Number : 7739G
Pennon Group PLC
25 July 2019
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 % VOTES % VOTES
FOR FOR AGAINST AGAINST 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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END
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