TIDMBBY
RNS Number : 5993F
Balfour Beatty PLC
18 May 2017
AGM Results
Balfour Beatty plc (the "Company") announces that, at its Annual
General Meeting ("AGM") held earlier today, the resolutions set out
in the Notice of AGM dated 11 April 2017 were passed following a
poll on each resolution.
The results of the polls were as follows:
For Against Votes
Withheld
-------------------------------------- ------------ ------------ -----------
Resolution 1: To adopt the
Directors' Report and Accounts
for the year ended 31 December
2016 515,578,458 328,378 10,912,986
(99.94%) (0.06%)
-------------------------------------- ------------ ------------ -----------
Resolution 2: To approve
the Directors' Remuneration
Report for the year ended
31 December 2016 509,605,262 17,155,440 59,119
(96.74%) (3.26%)
-------------------------------------- ------------ ------------ -----------
Resolution 3: To approve
the Directors' Remuneration
Policy 407,216,825 120,392,331 81,587
(77.18%) (22.82%)
-------------------------------------- ------------ ------------ -----------
Resolution 4: To declare
a final dividend on the
ordinary shares of the Company 526,815,105 3,018 1,699
(100.00%) (0.00%)
-------------------------------------- ------------ ------------ -----------
Resolution 5: To re-elect
Mr P S Aiken AM as a Director 510,242,287 6,880,522 9,697,012
(98.67%) (1.33%)
-------------------------------------- ------------ ------------ -----------
Resolution 6: To re-elect
Dr S R Billingham as a Director 516,541,658 10,209,617 68,547
(98.06%) (1.94%)
-------------------------------------- ------------ ------------ -----------
Resolution 7: To re-elect
Mr S J Doughty CMG as a
Director 525,078,920 1,668,277 72,625
(99.68%) (0.32%)
-------------------------------------- ------------ ------------ -----------
Resolution 8: To re-elect
Mr I G T Ferguson CBE as
a Director 517,424,417 2,417,558 6,977,847
(99.53%) (0.47%)
-------------------------------------- ------------ ------------ -----------
Resolution 9: To re-elect
Mr P J Harrison as a Director 525,213,571 1,537,853 68,070
(99.71%) (0.29%)
-------------------------------------- ------------ ------------ -----------
Resolution 10: To re-elect 520,135,803 6,612,733
Mr L M Quinn as a Director (98.74%) (1.26%) 71,286
-------------------------------------- ------------ ------------ -----------
Resolution 11: To reappoint 524,988,434 1,758,919
KPMG LLP as auditor (99.67%) (0.33%) 72,469
-------------------------------------- ------------ ------------ -----------
Resolution 12: To authorise
the Audit and Risk Committee
of the Board to determine
the remuneration of the
auditor 525,614,171 1,184,316 21,335
(99.78%) (0.22%)
-------------------------------------- ------------ ------------ -----------
Resolution 13: To authorise
the Company and its UK subsidiaries 11,561,763
to incur political expenditure 515,210,148 (2.19%) 47,911
(97.81%)
-------------------------------------- ------------ ------------ -----------
Resolution 14: To authorise
the Directors to allot shares 510,483,612 16,300,906 35,304
(96.91%) (3.09%)
-------------------------------------- ------------ ------------ -----------
Resolution 15: To authorise
the Directors to allot shares
for cash on a non pre-emptive
basis* 517,676,594 9,083,349 59,879
(98.28%) (1.72%)
-------------------------------------- ------------ ------------ -----------
Resolution 16: To renew
the authority for the Company 4,384,013
to purchase its own ordinary (0.84
and preference shares* 518,903,315 %) 3,532,493
(99.16%)
-------------------------------------- ------------ ------------ -----------
Resolution 17: To authorise
the Company to hold meetings,
other than an Annual General
Meeting, on 14 clear days' 498,168,262
notice* (94.57%) 28,624,762 26,797
(5.43%)
-------------------------------------- ------------ ------------ -----------
* Special resolution
The Remuneration Committee notes the voting on Resolution 3, the
binding vote on the Directors' Remuneration Policy.
The Group actively engages with its shareholders and believes
that the Remuneration Policy changes are necessary, appropriate and
in their best interests. Phase One of the Build to Last
transformation programme has created a solid foundation for Balfour
Beatty's future profitable growth, but there remains much to be
done to achieve the Group's full potential value and the new Policy
aligns with that goal. The Committee will ensure that
implementation of the Policy, from target-setting to incentive
awards, focuses on that objective and will continue to listen
carefully to shareholders' views and consult on any material
changes.
Notes:
1. The percentages above are rounded to two decimal places.
2. A vote withheld is not a vote in law and is not counted in
the calculation of votes "For" and
"Against" a resolution.
3. The total number of Ordinary Shares of 50p each in the
Company in issue at 6.00 pm on 16 May
2017 was 689,739,619, each carrying one vote.
4. Resolutions 15 to 17 were each passed as Special Resolutions.
In accordance with Listing Rule 9.6.2R, copies of each of
Resolutions 13 to 17 will be submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM.
18 May 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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