TIDMBBY

RNS Number : 1285R

Balfour Beatty PLC

25 June 2020

Balfour Beatty plc (the 'Company')

AGM Results

25 June 2020

Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held on 25 June 2020, the resolutions set out in the Notice of AGM dated 1 June 2020 were passed following a poll on each resolution.

Resolutions 1 to 15 were passed as Ordinary Resolutions and Resolutions 16 to 18 were passed as Special Resolutions. The table below details votes cast on each resolution.

 
                                   Votes For     %       Votes Against   %       Votes Total   % of     Votes Withheld 
                                                                                                ISC 
                                                                                                Voted 
 Resolution 1: 
  To adopt the Directors' Report 
  and Accounts for the year 
  ended 
  31 December 2019                 495,032,232   94.58      28,356,328    5.42   523,388,560    75.88       10,612,926 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 2: 
  To approve the Directors' 
  Remuneration 
  Report for the year ended 31 
  December 2019                    441,450,058   82.68      92,500,778   17.32   533,950,836    77.41           50,650 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 3: 
  To approve the Directors' 
  Remuneration 
  Policy for the year ended 31 
  December 2019                    471,417,406   93.57      32,405,719    6.43   503,823,125    73.05       30,178,361 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 4: 
  To re-elect Mr P S Aiken AM 
  as a Director                    478,921,831   90.69      49,139,889    9.31   528,061,720    76.56        5,939,766 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 5: 
  To re-elect Dr S R Billingham 
  as a Director                    528,155,048   98.92       5,787,663    1.08   533,942,711    77.41           58,776 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 6: 
  To re-elect Mr S J Doughty 
  CMG as a Director                528,116,184   98.91       5,825,652    1.09   533,941,836    77.41           59,651 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 7: 
  To re-elect Mr P J Harrison 
  as a Director                    530,073,742   99.28       3,858,648    0.72   533,932,390    77.41           69,097 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 8: 
  To re-elect Mr M A Lucki as 
  a Director                       530,346,849   99.33       3,583,199    0.67   533,930,048    77.41           71,439 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 9: 
  To elect Ms B J Moorhouse as 
  a Director                       528,736,081   99.03       5,205,202    0.97   533,941,283    77.41           60,204 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 10: 
  To elect Mr L M Quinn as a 
  Director                         522,670,670   97.89      11,274,256    2.11   533,944,926    77.41           56,561 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 11: 
  To elect Miss Anne Drinkwater 
  as a Director                    530,959,009   99.44       2,981,474    0.56   533,940,483    77.41           61,004 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 12: 
  To reappoint KPMG LLP as 
  auditor                          533,822,111   99.99          76,788    0.01   533,898,899    77.41          102,588 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 13: 
  To authorise the Directors 
  to determine the remuneration 
  of the auditor                   533,888,561   99.99          53,048    0.01   533,941,609    77.41           59,878 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 14: 
  To authorise the Company and 
  its UK subsidiaries to incur 
  political expenditure            517,209,960   96.86      16,761,432    3.14   533,971,392    77.42           30,095 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 15: 
  To authorise the Directors 
  to allot shares                  516,261,008   96.69      17,676,947    3.31   533,937,955    77.41           63,532 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 16*: 
  To authorise the Directors 
  to allot shares for cash on 
  a non pre-emptive basis          525,720,240   98.46       8,223,964    1.54   533,944,204    77.41           57,283 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 17*: 
  To renew the authority for 
  the Company to purchase its 
  own ordinary shares              500,587,459   94.27      30,404,666    5.73   530,992,125    76.98        3,009,361 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 Resolution 18*: 
  To authorise the Company to 
  hold meetings, other than an 
  Annual General Meeting, on 
  14 clear days' notice            511,977,239   95.88      21,993,419    4.12   533,970,658    77.42           30,829 
                                  ------------  ------  --------------  ------  ------------  -------  --------------- 
 

* Special Resolution

Notes:

   1.    The percentages above are rounded to two decimal places. 

2. A vote withheld is not a vote in law and is not counted in the calculation of votes 'For' and 'Against' a resolution.

3. The total number of Ordinary Shares of 50p each in the Company in issue at close of business on 23 June 2020 was 689,739,619, each carrying one vote.

In accordance with Listing Rule 9.6.2R, copies of each of Resolutions 14 to 18 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Please do not hesitate to contact ShareholderQuestions@balfourbeatty.com should you have any queries regarding this announcement. Please note that this email address will be deactivated one week after conclusion of the AGM.

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

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END

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