Costain Group PLC Result of AGM (5149E)

TIDMCOST

RNS Number : 5149E

Costain Group PLC

08 May 2017

Costain Group PLC

("Costain" or "the Group")

Results of 2017 AGM

At the Company's Annual General Meeting held on 08 May 2017 (the "AGM"), the resolutions set out in the Notice of Meeting, circulated to shareholders on 17 March 2017, were passed by the requisite majorities. Resolutions 1 to 12 were passed as ordinary resolutions and Resolutions 13 to 16 were passed as special resolutions.

As at 6.30pm on 04 May 2017, the number of issued shares in the Company was 104,365,867 ordinary shares, which was the total number of shares entitling the holders to attend and vote for or against all the resolutions at the AGM. In accordance with the Company's Articles of Association, the resolutions were put to the meeting on a poll in which every member present in person or by proxy had one vote for every share held.

The poll results, on which Equiniti, the Company's registrar, acted as scrutineer, are as follows:

 
 RESOLUTION                VOTES       % of      VOTES      % of      TOTAL        % of       VOTES 
                             FOR       Votes    AGAINST     Votes      VOTES      Voting     WITHHELD 
                                       Cast                 Cast       CAST       Capital 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  1 
  Approve 
  the 2016 
  Annual Report          62,502,735   100.00       2,470     0.00   62,505,205     59.89%      84,377 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  2 
  Approve 
  the Directors' 
  Remuneration 
  Report                 61,877,507    99.74     163,564     0.26   62,041,071     59.45%     548,511 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  3 
  Approve 
  the Directors' 
  Remuneration 
  Policy                 61,456,977    98.24   1,099,394     1.76   62,556,371     59.94%      33,211 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  4 
  Approve 
  the 2016 
  Final Dividend         62,587,230   100.00       2,162     0.00   62,589,392     59.97%         190 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  5 
  Elect Dr 
  Paul Golby             62,233,566    99.44     348,486     0.56   62,582,052     59.96%       7,530 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  6 
  Re-elect 
  Mr James 
  Morley                 61,941,359    98.98     640,584     1.02   62,581,943     59.96%       7,639 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  7 
  Re-elect 
  Ms Alison 
  Wood                   62,463,411    99.81     119,969     0.19   62,583,380     59.97%       6,202 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  8 
  Appoint 
  PwC 
  as auditors            62,482,319    99.95      33,934     0.05   62,516,253     59.90%      73,329 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  9 
  Authorise 
  the auditors' 
  remuneration           62,562,962    99.97      21,601     0.03   62,584,563     59.97%       5,019 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  10 
  Authorise 
  the allotment 
  of shares              62,352,333    99.63     231,640     0.37   62,583,973     59.97%       5,609 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  11 
  Authorise 
  Borrowing 
  Powers                 62,557,539    99.96      25,820     0.04   62,583,359     59.97%       6,223 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  12 
  Authorise 
  Political 
  Donations              57,830,621    92.50   4,691,687     7.50   62,522,308     59.91%      67,274 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  13 
  Approve 
  disapplication 
  of pre-emption 
  rights (general)       61,472,083    98.32   1,052,766     1.68   62,524,849     59.91%      64,733 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  14 
  Approve 
  disapplication 
  of pre-emption 
  rights (acquisition 
  or capital 
  investment)            61,809,593    98.86     713,256     1.14   62,522,849     59.91%      66,733 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  15 
  Approve 
  purchase 
  of own shares          61,986,871    99.07     582,440     0.93   62,569,311     59.95%      20,271 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 Resolution 
  16 
  Approve 
  holding 
  of General 
  Meetings 
  on 14 days' 
  notice                 61,476,809    98.24   1,104,337     1.76   62,581,146     59.96%       8,436 
----------------------  -----------  -------  ----------  -------  -----------  ---------  ---------- 
 

Notes:

1. There were no restrictions on shareholders to cast votes on any of the resolutions proposed at the AGM.

2. Percentages are expressed as a proportion of the total votes cast (which does not include votes withheld).

3. A vote withheld is not a vote in law and is not included in the calculation of the votes 'For' or 'Against'

the resolutions,                   nor the total votes cast. 

4. Any proxy appointments which gave discretion to the Chairman have been included in the 'For' totals.

In accordance with Listing Rule 9.6.2R, copies of all resolutions passed at the AGM today, other than those concerning ordinary business, will be submitted to the National Storage Mechanism, where they will be available for inspection at www.morningstar.co.uk/uk/nsm.aspx. In addition, copies of these resolutions will also be filed with Companies House.

The results of the 2017 AGM will be available to view on the Company's website at www.Costain.com.

08 May 2017

ENQUIRIES:

 
 Costain Group PLC     Tel: [phone] 
 Tracey Wood 
  Company Secretary 
 
 Instinctif Partners   Tel: [phone] 
 Mark Garraway 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 08, 2017 11:55 ET (15:55 GMT)