31st Jul 2015 14:02
PENNON GROUP PLC
AGM STATEMENT
Summary of the Annual General Meeting held on 30 July 2015 at Exeter Golf and Country Club, Exeter, EX2 7AE
The Directors are pleased to announce that the shareholders of Pennon Group Plc at the Company's Annual General Meeting on Thursday, 30 July 2015 passed all the resolutions as set out in the Notice of Annual General Meeting dated 22 June 2015.
The following table summarises the proxy votes received from shareholders prior to the meeting. The highest percentage of the issued share capital voted was approximately 72.32%. Votes withheld are not votes in law and have not been counted in the calculation of the votes.
Number of Votes | ||
Resolution 1: To receive and adopt the Directors' Report and the financial statements for the year ended 31 March 2015, together with report of the auditor. |
| |
For | 297,321,744 | |
Against | 21,930 | |
Discretion | 586,978 | |
Withheld | 30,809 | |
Resolution 2: To declare a final dividend in respect of the year ended 31 March 2015 of 21.82p for each ordinary share of nominal value 40.7p for payment on 2 October 2015. | ||
For | 297,377,691 | |
Against | 8,874 | |
Discretion | 571,824 | |
Withheld | 3,072 | |
Resolution 3: To approve the Annual report on remuneration for the financial year 2014/15.
| ||
For | 273,336,559 | |
Against | 4,855,400 | |
Discretion | 578,720 | |
Withheld | 19,190,782 | |
Resolution 4: To elect Sir John Parker as a Director. | ||
For | 273,379,043 | |
Against | 4,539,094 | |
Discretion | 585,278 | |
Withheld | 19,458,045
|
|
Resolution 5: To re-elect Mr M D Angle as a Director. | ||
For | 296,360,808 | |
Against | 953,723 | |
Discretion | 585,041 | |
Withheld | 61,889 | |
Resolution 6: To elect Mr N Cooper as a Director. | ||
For | 294,314,224 | |
Against | 1,280,707 | |
Discretion | 594,057 | |
Withheld | 1,772,472 | |
Resolution 7: To elect Mrs S J Davy as a Director. | ||
For | 296,305,668 | |
Against | 990,406 | |
Discretion | 587,846 | |
Withheld | 77,541 | |
Resolution 8: To re-elect Mr C Loughlin as a Director. | ||
For | 296,351,563 | |
Against | 970,152 | |
Discretion | 586,670 | |
Withheld | 53,076 | |
Resolution 9: To re-elect Mr I J McAulay as a Director. | ||
For | 296,333,049 | |
Against | 977,669 | |
Discretion | 589,044 | |
Withheld | 61,699 | |
Resolution 10: To re-elect Ms G Rider as a Director. | ||
For | 296,336,460 | |
Against | 968,767 | |
Discretion | 599,911 | |
Withheld | 56,323 | |
Resolution 11: To re-appoint Ernst & Young LLP as auditor of the Company. | ||
For | 296,684,662 | |
Against | 631,068 | |
Discretion | 585,718 | |
Withheld | 60,013 | |
Resolution 12: To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board. | ||
For | 296,680,669 | |
Against | 92,131 | |
Discretion | 1,136,238 | |
Withheld | 52,423
| |
Resolution 13: To authorise the Company and its subsidiaries to make political donations up to a specific limit. | ||
For | 294,037,977 | |
Against | 3,027,266 | |
Discretion | 636,237 | |
Withheld | 259,981 | |
Resolution 14: To grant to Directors authority to allot shares. | ||
For | 272,654,175 | |
Against | 23,007,908 | |
Discretion | 642,814 | |
Withheld | 1,656,564 | |
Resolution 15: To authorise the disapplication of pre-emption rights. |
| |
For | 268,237,948 | |
Against | 28,756,701 | |
Discretion | 650,336 | |
Withheld | 316,475 | |
Resolution 16: To authorise the market purchase of the Company's own shares. | ||
For | 297,138,678 | |
Against | 139,341 | |
Discretion | 629,730 | |
Withheld | 53,712 | |
Resolution 17: To authorise a general meeting other than an Annual General Meeting to be called on 14 clear days' notice. |
| |
For | 282,925,299 | |
Against | 14,286,537 | |
Discretion | 644,637 | |
Withheld | 99,737 | |
Two copies of all 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
31 July 2015
www.pennon-group.co.uk
End transmission
Related Shares:
Pennon