RNS Number : 6883X
Pennon Group PLC
24 July 2024
 

Pennon Group plc

 

Result of the Annual General Meeting held on 24th July 2024 at Peninsula House, Rydon Lane Exeter, EX2 7HR at 10:00am

 

The Directors are pleased to announce that the shareholders of Pennon Group plc passed all the Resolutions which were set out in the Notice of Annual General Meeting dated 20th May 2024.

 

Voting on all Resolutions was conducted by way of a poll and the below table shows the percentage of issued share capital voted for each.

 

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 on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

 

A copy of this announcement will be posted on the Company's website at www.pennon-group.co.uk/investor-information/shareholder-services

 

 

 

RESOLUTION

VOTES

FOR

%

FOR

VOTES

AGAINST

%

AGAINST

VOTES
TOTAL

 

% SHARE CAPITAL VOTED

VOTES

WITHHELD

1.

To receive and adopt for the Annual Report and Accounts for the year ended 31st March 2024

 

 

188,458,879

99.98

30,577

0.02

188,489,456

65.90%

806,775

2.

To declare a final dividend in respect of the year ended 31st March 2024

 

 

188,956,438

99.83

328,701

0.17

189,285,139

66.17%

11,092

3.

To approve the Directors' Remuneration Report

 

 

180,111,810

95.63

8,221,698

4.37

188,333,508

65.84%

962,723

4.

To elect David Sproul as a Director

 

189,047,635

99.90

179,923

0.10

189,227,558

66.15%

68,672

5.

To elect Steve Buck as a Director1

 


6.

To re-elect Susan Davy as a Director

 

 

188,405,995

99.56

840,057

0.44

189,246,052

66.16%

50,179

7.

To re-elect Iain Evans as a Director

 

 

174,396,439

92.16

14,834,526

7.84

189,230,965

66.16%

65,129

8.

To re-elect Jon Butterworth as a Director

 

 

188,990,155

99.87

245,378

0.13

189,235,533

66.16%

60,561

9.

To re-elect Claire Ighodaro as a Director

 

 

188,921,206

99.83

315,907

0.17

189,237,113

66.16%

58,981

10.

To re-elect Loraine Woodhouse as a Director

 

 

188,998,494

99.88

228,594

0.12

189,227,088

66.15%

69,006

11.

To re-elect Dorothy Burwell as a Director

 

189,132,745

99.95

100,520

0.05

189,233,265

66.16%

62,829

12.

To appoint PricewaterhouseCoopers   LLP as auditor of the Company

 

 

188,510,862

99.61

743,808

0.39

189,254,670

66.16%

40,259

13.

To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board

 

 

189,194,471

99.96

68,326

0.04

189,262,797

66.17%

32,269

14.

To authorise the Company and its subsidiaries to make political donations up to a specified limit

 

 

188,519,690

99.62

710,536

0.38

189,230,226

66.16%

64,840

15.

To grant the Directors authority to allot shares

 

 

184,796,087

97.64

4,471,711

2.36

189,267,798

66.17%

27,268

16.

To consider and approve the Company's climate-related financial disclosures (as set out on pages 78-109 of the Annual Report and Accounts 2024)

 

152,297,499

82.01

33,412,037

17.99

185,709,536

64.92%

3,585,530

17.

To adopt the Pennon Group Sharesave Scheme

 

188,989,764

99.87

247,836

0.13

189,237,600

66.16%

57,466

18.

To adopt the Pennon Group All-Employee Share Incentive Plan

 

189,017,147

99.88

224,473

0.12

189,241,620

66.16%

53,446

19.

To authorise the general disapplication of pre-emption rights

 

 

187,693,144

99.19

1,529,487

0.81

189,222,631

66.15%

72,435

20.

To authorise the disapplication of pre-emption rights in connection with an acquisition or specified capital investment

 

 

169,011,753

89.32

20,212,555

10.68

189,224,308

66.15%

70,758

21.

To authorise the market purchase of the Company's shares

 

 

188,347,797

99.56

826,370

0.44

189,174,167

66.14%

120,899

22.

To authorise that a general meeting, other than an AGM, may be called on not less than 14 clear day's notice

 

 

183,012,188

96.70

6,253,988

3.30

189,266,176

66.17%

28,890

23.

To approve the amendments to the Articles of Association

 

189,151,481

99.96

84,590

0.04

189,236,071

66.16%

59,425

 

1.         Resolution 5 was withdrawn due to Steve Buck resigning on 11th July 2024

 

Notes

 

i)      The total votes cast in favour of each resolution include those giving the Chair's discretion.

 

ii)     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.

 

iii)    The total number of ordinary shares of 61.05p in issue at the meeting date was 286,039,695 ordinary shares, excluding 5,628 ordinary shares held in treasury. Therefore, the total number of voting rights in the Company as at today's date is 286,045,323 shares.

 

 

24th July 2024

www.pennon-group.co.uk

 

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