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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END
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