Kier Group PLC Result of AGM (6212T)

TIDMKIE

RNS Number : 6212T

Kier Group PLC

15 November 2019

KIER GROUP PLC

RESULT OF ANNUAL GENERAL MEETING

Kier Group plc (the "Company") announces the results of its Annual General Meeting held on 15 November 2019. The voting was held on a poll and the results for each resolution were as follows:

 
               Resolution                    Total      Votes for    % votes     Votes        % votes        Votes 
                                              votes                   For(2)     against     against(2)    withheld(1) 
                                             validly 
                                             cast(1) 
      To receive the annual 
       report and accounts for 
       the year ended 30 June 
 1     2019                                74,168,878   73,981,727    99.75     187,151        0.25          11,309 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To approve the directors' 
       remuneration report for 
       the year ended 30 June 
 2     2019                                73,300,030   33,806,403    46.12    39,493,627      53.88        880,462 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To elect Mr A O B Davies 
 3     as a director                       73,458,032   73,404,034    99.93      53,998        0.07         722,462 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To elect Mr S J Kesterton 
 4     as a director                       73,338,557   73,243,633    99.87      94,924        0.13         841,061 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To re-elect Mr J R Atkinson 
 5     as a director                       73,455,079   71,570,398    97.43    1,884,681       2.57         725,415 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To re-elect Mrs C F Baroudel 
 6     as a director                       66,355,685   64,475,694    97.17    1,879,991       2.83        7,824,808 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To re-elect Mrs A K Bashforth 
 7     as a director                       73,312,324   71,471,034    97.49    1,841,290       2.51         868,169 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To re-elect Mr P G Cox 
 8     as a director                       73,449,629   71,359,588    97.15    2,090,041       2.85         730,864 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
 9    To re-elect Mr C Veritiero 
       as a director (RESOLUTION 
       WITHDRAWN)                             n/a          n/a         n/a        n/a           n/a           n/a 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To re-elect Mr A C Walker 
 10    as a director                       73,463,133   71,619,922    97.49    1,843,211       2.51         717,311 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To re-appoint 
      PricewaterhouseCoopers 
 11   LLP as auditor                       73,970,948   73,693,693    99.63     277,255        0.37         209,239 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To authorise the directors 
       to agree the remuneration 
 12    of the auditor                      74,127,107   73,980,635    99.80     146,472        0.20          53,081 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To authorise the directors 
 13    to allot shares                     74,161,567   74,008,776    99.79     152,791        0.21          18,621 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To authorise the directors 
       to disapply pre-emption 
 14    rights (general)                    74,125,617   73,333,847    98.93     791,770        1.07          54,571 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To authorise the directors 
       to disapply pre-emption 
       rights (acquisition or 
 15    specified capital investment)       74,150,110   73,853,086    99.60     297,024        0.40          30,077 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
      To authorise the Company 
       to call general meetings, 
       other than annual general 
       meetings, on not less 
 16    than 14 clear days' notice          74,168,981   73,432,969    99.01     736,012        0.99          11,207 
     -----------------------------------  -----------  -----------  --------  -----------  ------------  ------------- 
 

Notes:

1. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast. The number of ordinary shares in issue on 13 November 2019 was 162,115,870.

   2.      Expressed as a percentage of all votes validly cast (and does not include votes withheld). 

Shareholders are entitled to one vote per share. With the exception of Resolution 2 (please see below) Resolutions 1 to 13 (inclusive) were passed as ordinary resolutions and resolutions 14 to 16 (inclusive) were passed as special resolutions.

The Board notes that 53.88% of the votes cast were against Resolution 2 (which related to the Directors' Remuneration Report).

Prior to the AGM, the Company contacted certain of its largest shareholders and will continue to reflect carefully on the points that they have raised. The Remuneration Committee will engage further with the Company's shareholders and the proxy advisers to understand their views and to decide how to address them. In addition, the Remuneration Committee will consult with shareholders when reviewing the Company's remuneration policy, which shareholders will be asked to approve at the 2020 AGM.

The Company will publish an update within the next six months on the views it has received from shareholders and the actions it has taken, or proposes to take, in response.

A copy of all resolutions passed, other than those concerning ordinary business, will today be submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2. These resolutions will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

The Kier Group plc Legal Entity Identifier is 2138002RKCU2OM4Y7O48.

For enquiries please contact:

Phil Higgins

Deputy Company Secretary

Tel: [phone]

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November 15, 2019 07:53 ET (12:53 GMT)