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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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