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WITHDRAWN) n/a n/a n/a n/a n/a n/a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: 07562 210 903
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END
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