Pennon Group PLC Result of AGM (3683K)

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RNS Number : 3683K

Pennon Group PLC

06 July 2017

PENNON GROUP PLC

AGM STATEMENT

Results of the Annual General Meeting held on 6 July 2017 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 6 July 2017 passed on a show of hands all the resolutions as set out in the Notice of Annual General Meeting dated 23 May 2017.

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 70.32% 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 
 2017.                   292,818,208  99.99%    19,449     0.01%     27,052 
-----------------------  -----------  ------  ----------  --------  --------- 
2. To declare 
 a final dividend 
 in respect of 
 the year ended 
 31 March 2017 
 of 24.87p for 
 each ordinary 
 share for payment 
 on 1 September 
 2017.                   292,790,643  99.97%    80,988     0.03%      4,078 
-----------------------  -----------  ------  ----------  --------  --------- 
3. To approve 
 the Directors' 
 remuneration 
 report.                 289,089,365  98.79%  3,551,749    1.21%     223,594 
-----------------------  -----------  ------  ----------  --------  --------- 
4. To approve 
 the Directors' 
 remuneration 
 policy.                 286,546,279  97.92%  6,081,275    2.08%     237,155 
-----------------------  -----------  ------  ----------  --------  --------- 
5. To re-elect 
 Sir John Parker 
 as a Director.          290,250,366  99.12%  2,574,868    0.88%     39,474 
-----------------------  -----------  ------  ----------  --------  --------- 
6. To re-elect 
 Martin Angle 
 as a Director.          289,056,080  98.72%  3,760,798    1.28%     47,831 
-----------------------  -----------  ------  ----------  --------  --------- 
7. To re-elect 
 Neil Cooper as 
 a Director.             291,925,993  99.69%   895,592     0.31%     43,124 
-----------------------  -----------  ------  ----------  --------  --------- 
8. To re-elect 
 Susan Davy as 
 a Director.             291,337,857  99.49%  1,493,265    0.51%     33,587 
-----------------------  -----------  ------  ----------  --------  --------- 
9. To re-elect 
 Christopher Loughlin 
 as a Director.          291,606,966  99.58%  1,226,208    0.42%     31,535 
-----------------------  -----------  ------  ----------  --------  --------- 
10. To re-elect 
 Gill Rider as 
 a Director.             292,038,566  99.73%   789,665     0.27%     36,478 
-----------------------  -----------  ------  ----------  --------  --------- 
11. To re-appoint 
 Ernst & Young 
 LLP as auditor 
 of the Company.         292,143,100  99.77%   681,749     0.23%     39,860 
-----------------------  -----------  ------  ----------  --------  --------- 
12. To authorise 
 the Audit Committee 
 to determine 
 the remuneration 
 of the auditor 
 on behalf of 
 the Board.              292,698,009  99.96%   120,250     0.04%     46,450 
-----------------------  -----------  ------  ----------  --------  --------- 
13. To authorise 
 the Company and 
 its subsidiaries 
 to make political 
 donations up 
 to a specified 
 limit.                  290,255,757  99.16%  2,445,277    0.84%     163,675 
-----------------------  -----------  ------  ----------  --------  --------- 
14. To grant 
 the Directors 
 authority to 
 allot shares.           281,266,420  96.34%  10,687,105   3.66%     911,184 
-----------------------  -----------  ------  ----------  --------  --------- 
15. To approve 
 the Pennon Group 
 long-term incentive 
 plan.                   286,075,486  97.74%  6,601,858    2.26%     187,365 
-----------------------  -----------  ------  ----------  --------  --------- 
16. To authorise 
 the partial exclusion 
 of pre-emption 
 rights.                 291,449,360  99.73%   777,895     0.27%     637,454 
-----------------------  -----------  ------  ----------  --------  --------- 
17. To authorise 
 the partial exclusion 
 of pre-emption 
 rights in connection 
 with an acquisition 
 or specified 
 capital investment.     277,227,457  94.86%  15,011,293   5.14%     625,959 
-----------------------  -----------  ------  ----------  --------  --------- 
18. To authorise 
 the market purchase 
 of the Company's 
 shares.                 290,210,954  99.10%  2,623,659     0.9%     30,096 
-----------------------  -----------  ------  ----------  --------  --------- 
19. To authorise 
 a general meeting 
 other than an 
 AGM to be called 
 on 14 clear days' 
 notice.                 282,158,650  96.35%  10,677,588   3.65%     28,470 
-----------------------  -----------  ------  ----------  --------  --------- 
 

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 19 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 416,450,997.

6 July 2017

www.pennon-group.co.uk

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July 06, 2017 10:36 ET (14:36 GMT)