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RNS Number : 8087U
Pennon Group PLC
31 July 2020
PENNON GROUP PLC
Results of the Annual General Meeting held on 31 July 2020 at
Peninsula House, Rydon Lane, Exeter EX2 7HR
The Directors are pleased to announce that the shareholders of
Pennon Group plc at the Company's Annual General Meeting on Friday
31 July 2020 passed all the resolutions as set out in the Notice of
Annual General Meeting dated 8 July 2020. Voting on all resolutions
was conducted by way of a poll.
In total, 71% of the issued share capital was voted, 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
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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 % % OF ISSUED VOTES
FOR FOR AGAINST AGAINST SHARE CAPITAL WITHHELD
VOTED
1. To receive and
adopt for the annual
reports and accounts
for the year ended
31 March 2020. 297,859,462 99.98 46,125 0.02 70.69% 1,342,206
----------- ----- ---------- -------- -------------- ---------
2. To declare a final
dividend in respect
of the year ended
31 March 2020 of
30.11p for each ordinary
share for payment
on 2 September 2020. 291,376,981 97.37 7,867,771 2.63 71.00% 3,042
----------- ----- ---------- -------- -------------- ---------
3. To approve the
Directors' remuneration
report. 288,777,693 96.85 9,401,061 3.15 70.75% 1,069,039
----------- ----- ---------- -------- -------------- ---------
4. To approve the
Directors' remuneration
policy. 273,446,928 91.50 25,393,521 8.50 70.91% 407,344
----------- ----- ---------- -------- -------------- ---------
5. To re-elect Gill
Rider as a Director. 299,194,338 99.99 39,386 0.01 71.00% 14,070
----------- ----- ---------- -------- -------------- ---------
6. To re-elect Neil
Cooper as a Director. 298,089,205 99.62 1,143,035 0.38 71.00% 15,554
----------- ----- ---------- -------- -------------- ---------
7. To elect Paul
Boote as a Director. 298,566,874 99.78 665,416 0.22 71.00% 15,504
----------- ----- ---------- -------- -------------- ---------
8. To elect Jon Butterworth
as a Director. 298,125,247 99.98 54,648 0.02 70.75% 1,067,898
----------- ----- ---------- -------- -------------- ---------
9. To re-elect Susan
Davy as a Director. 298,164,810 99.99 17,295 0.01 70.75% 1,065,689
----------- ----- ---------- -------- -------------- ---------
10. To re-elect Iain
Evans as a Director. 298,150,935 99.99 28,127 0.01 70.75% 1,068,732
----------- ----- ---------- -------- -------------- ---------
11. To elect Claire
Ighodaro as a Director. 298,897,358 99.89 335,856 0.11 71.00% 14,580
----------- ----- ---------- -------- -------------- ---------
12. To re-appoint
Ernst & Young LLP
as auditor of the
Company. 296,613,972 99.47 1,571,034 0.53 70.75% 1,062,788
----------- ----- ---------- -------- -------------- ---------
13. To authorise
the Audit Committee
to determine the
remuneration of the
auditor on behalf
of the Board. 297,587,686 99.45 1,642,903 0.55 71.00% 17,205
----------- ----- ---------- -------- -------------- ---------
14. To authorise
the Company and its
subsidiaries to make
political donations
up to a specified
limit. 290,962,478 97.24 8,271,637 2.76 71.00% 13,679
----------- ----- ---------- -------- -------------- ---------
15. To grant the
Directors authority
to allot shares. 290,129,081 96.96 9,106,923 3.04 71.00% 11,790
----------- ----- ---------- -------- -------------- ---------
16. To authorise
the partial exclusion
of pre-emption rights. 298,684,431 99.98 72,599 0.02 70.89% 490,764
----------- ----- ---------- -------- -------------- ---------
17. To authorise
the partial exclusion
of pre-emption rights
in connection with
an acquisition or
specified capital
investment. 297,570,396 99.60 1,182,133 0.40 70.89% 495,264
----------- ----- ---------- -------- -------------- ---------
18. To authorise
the market purchase
of the Company's
shares. 290,207,455 97.03 8,891,825 2.97 70.97% 148,513
----------- ----- ---------- -------- -------------- ---------
19. To authorise
a general meeting
other than an AGM
to be called on 14
clear days' notice. 283,791,500 94.84 15,450,409 5.16 71.00% 5,885
----------- ----- ---------- -------- -------------- ---------
20. To authorise
the Directors to
resolve to pay a
dividend on the WaterShare+
Share. 291,151,815 97.35 7,924,875 2.65 70.96% 171,104
----------- ----- ---------- -------- -------------- ---------
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 16 to 20 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
421,434,437.
31 July 2020
www.pennon-group.co.uk
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