Pennon Group PLC AGM Statement (7684T)

TIDMPNN

RNS Number : 7684T

Pennon Group PLC

05 July 2018

PENNON GROUP PLC

AGM STATEMENT

Results of the Annual General Meeting held on 5 July 2018 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 5 July 2018 passed on a show of hands all the resolutions as set out in the Notice of Annual General Meeting dated 24 May 2018.

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 67.81% 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 
 2018.                   287,374,766  99.80%   564,935      0.2%     278,870 
-----------------------  -----------  ------  ----------  --------  --------- 
2. To declare 
 a final dividend 
 in respect of 
 the year ended 
 31 March 2018 
 of 26.62p for 
 each ordinary 
 share for payment 
 on 4 September 
 2018.                   284,541,249  99.97%    94,194     0.03%    3,583,128 
-----------------------  -----------  ------  ----------  --------  --------- 
3. To approve 
 the Directors' 
 remuneration 
 report.                 285,519,192  99.78%   628,311     0.22%    2,071,068 
-----------------------  -----------  ------  ----------  --------  --------- 
4. To re-elect 
 Sir John Parker 
 as a Director.          282,724,289  98.11%  5,450,822    1.89%     43,460 
-----------------------  -----------  ------  ----------  --------  --------- 
5. To re-elect 
 Martin Angle 
 as a Director.          282,446,276  98.02%  5,719,342    1.98%     52,953 
-----------------------  -----------  ------  ----------  --------  --------- 
6. To re-elect 
 Neil Cooper as 
 a Director.             283,945,073  98.53%  4,225,266    1.47%     48,232 
-----------------------  -----------  ------  ----------  --------  --------- 
7. To re-elect 
 Susan Davy as 
 a Director.             284,084,571  98.59%  4,067,921    1.41%     66,079 
-----------------------  -----------  ------  ----------  --------  --------- 
8. To re-elect 
 Christopher Loughlin 
 as a Director.          284,427,787  98.71%  3,721,125    1.29%     69,659 
-----------------------  -----------  ------  ----------  --------  --------- 
9. To re-elect 
 Gill Rider as 
 a Director.             285,824,958  99.18%  2,350,374    0.82%     43,239 
-----------------------  -----------  ------  ----------  --------  --------- 
10. To re-appoint 
 Ernst & Young 
 LLP as auditor 
 of the Company.         283,891,595  98.53%  4,227,564    1.47%     99,412 
-----------------------  -----------  ------  ----------  --------  --------- 
11. To authorise 
 the Audit Committee 
 to determine 
 the remuneration 
 of the auditor 
 on behalf of 
 the Board.              284,477,105  98.71%  3,713,300    1.29%     28,166 
-----------------------  -----------  ------  ----------  --------  --------- 
12. To authorise 
 the Company and 
 its subsidiaries 
 to make political 
 donations up 
 to a specified 
 limit.                  280,443,591  97.36%  7,604,848    2.64%     170,132 
-----------------------  -----------  ------  ----------  --------  --------- 
13. To grant 
 the Directors 
 authority to 
 allot shares.           273,048,798  94.75%  15,122,475   5.25%     47,298 
-----------------------  -----------  ------  ----------  --------  --------- 
14. To authorise 
 the partial exclusion 
 of pre-emption 
 rights.                 287,396,626  99.76%   695,275     0.24%     126,670 
-----------------------  -----------  ------  ----------  --------  --------- 
15. To authorise 
 the partial exclusion 
 of pre-emption 
 rights in connection 
 with an acquisition 
 or specified 
 capital investment.     275,982,521  95.78%  12,149,429   4.22%     86,621 
-----------------------  -----------  ------  ----------  --------  --------- 
16. To authorise 
 the market purchase 
 of the Company's 
 shares.                 285,887,278  99.22%  2,240,700    0.78%     90,593 
-----------------------  -----------  ------  ----------  --------  --------- 
17. To authorise 
 a general meeting 
 other than an 
 AGM to be called 
 on 14 clear days' 
 notice.                 271,708,035  94.28%  16,490,553   5.72%     19,983 
-----------------------  -----------  ------  ----------  --------  --------- 
 

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 14 to 17 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 419,739,452.

5 July 2018

www.pennon-group.co.uk

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July 05, 2018 10:07 ET (14:07 GMT)