TIDMBBY
RNS Number : 5623Y
Balfour Beatty PLC
13 May 2021
Balfour Beatty plc (the 'Company')
AGM Results
13 May 2021
Balfour Beatty plc announces that, at its Annual General Meeting
('AGM') held on 13 May 2021, the resolutions set out in the Notice
of AGM dated 14 April 2021 were passed following a poll on each
resolution.
Resolutions 1 to 16 were passed as Ordinary Resolutions and
Resolutions 17 to 20 were passed as Special Resolutions. The table
below details votes cast on each resolution.
Votes For % Votes Against % Votes Total Votes % of ISC
Withheld Voted (excluding
shares
held in
Treasury)
Resolution 1:
To adopt the Directors'
Report
and Accounts for the
year ended
31 December 2020 500,558,030 99.99 61,003 0.01 500,619,033 40,578,193 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 2:
To approve the
Directors' Remuneration
Report for the year
ended 31
December 2020 491,532,925 96.91 15,686,233 3.09 507,219,158 33,978,068 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 3:
To declare a final
dividend
of 1.5p per ordinary
share
of the Company 541,161,090 99.99 13,043 0.01 541,174,133 23,093 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 4:
To re-elect Mr P S
Aiken AM
as a Director 417,152,141 77.99 117,708,516 22.01 534,860,657 6,336,569 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 5:
To re-elect Dr S R
Billingham
CBE as a Director 532,998,578 98.49 8,158,220 1.51 541,156,798 40,428 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 6:
To re-elect Mr S J
Doughty
CMG as a Director 532,911,732 98.48 8,246,967 1.52 541,158,699 38,527 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 7:
To re-elect Mr P J
Harrison
as a Director 540,511,511 99.88 650,180 0.12 541,161,691 35,535 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 8:
To re-elect Mr M A
Lucki as
a Director 540,452,320 99.87 698,962 0.13 541,151,282 45,944 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 9:
To re-elect Ms B J
Moorhouse
as a Director 533,546,571 98.59 7,609,596 1.41 541,156,167 41,059 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 10:
To re-elect Mr L M
Quinn as
a Director 528,340,632 97.63 12,822,188 2.37 541,162,820 34,406 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 11:
To re-elect Ms A
Drinkwater
as a Director 527,802,820 97.53 13,361,920 2.47 541,164,740 32,486 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 12:
To reappoint KPMG LLP
as auditor 507,107,781 93.72 34,001,593 6.28 541,109,374 87,852 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 13:
To authorise the
Directors
to determine the
remuneration
of the auditor 541,110,070 99.99 52,360 0.01 541,162,430 34,796 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 14:
To authorise the
Company and
its UK subsidiaries to
incur
political expenditure 527,665,296 97.51 13,491,950 2.49 541,157,246 39,980 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 15:
To authorise the
Directors
to allot shares 526,581,017 97.30 14,593,694 2.70 541,174,711 22,515 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 16:
To adopt the rules of
the Balfour
Beatty Performance
share Plan
2021 505,974,187 93.51 35,138,805 6.49 541,112,992 84,234 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 17: To adopt
the
Articles of Association 541,075,823 99.99 54,195 0.01 541,130,018 67,208 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 18:
To authorise the
Directors
to allot shares for
cash on
a non pre-emptive basis 535,288,057 98.92 5,866,472 1.08 541,154,529 42,697 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 19:
To renew the authority
for
the Company to purchase
its
own ordinary shares 505,346,756 93.67 34,144,164 6.33 539,490,920 1,706,306 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Resolution 20:
To authorise the
Company to
hold meetings, other
than an
Annual General Meeting,
on
14 clear days' notice 522,521,325 96.56 18,628,888 3.44 541,150,213 47,013 81.02
------------ ------ -------------- ------ ------------ ----------- ------------------
Notes:
1. The "for" votes include those giving the Chairman of the AGM discretion.
2. Votes "for" and "against" are expressed as a percentage of
the total votes cast (excluding votes withheld).
3. The percentages above are rounded to two decimal places.
4. A vote withheld is not a vote in law and is not counted in
the calculation of votes "for" or "against" a resolution.
5. Votes withheld are included in the percentage of issued share
capital ('ISC') voted (excluding shares held in Treasury)
calculation.
6. The total number of Ordinary Shares of 50p each in the
Company in issue, excluding 21,724,180 treasury shares registered
in the Company's name, at close of business on 11 May 2021 and the
number used for the percentage of ISC voted was 668,015,439.
Resolution 4 was passed, with a majority 77.99% shareholder
support for the re-election of Philip Aiken AM as a Director of the
Company. The Board notes the result of this resolution which we
understand has arisen due to concerns about board diversity. We
engaged widely with shareholders during the year and will continue
to do so. We will publish an update on this engagement, in
accordance with the UK Corporate Governance Code, within six months
of the 2021 AGM.
In accordance with Listing Rule 9.6.2R, copies of each of
Resolutions 14 to 20 will be submitted to the National Storage
Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Please do not hesitate to contact
ShareholderQuestions@balfourbeatty.com should you have any queries
regarding this announcement. Please note that this email address
will be deactivated one week after conclusion of the AGM.
Balfour Beatty plc's Legal Entity Identifier is
CT4UIJ3TUKGYYHMENQ17.
General enquiries:
Contact and telephone number for queries /
Duly authorised officer of issuer responsible for making
notification:
Tracey Wood, Group General Counsel and Company Secretary
Tel. +44 (0)20 7216 6800
Analyst/investor enquiries:
Angus Barry
Tel. +44 (0)7966 281 635
angus.barry@balfourbeatty.com
Media enquiries:
Antonia Walton
Tel. +44 (0) 7966 929 633
antonia.walton@balfourbeatty.com
Notes to editors:
-- Balfour Beatty is a leading international infrastructure
group with 26,000 employees driving the delivery of powerful new
solutions, shaping thinking, creating skylines and inspiring a new
generation of talent to be the change-makers of tomorrow.
-- We finance, develop, build, maintain and operate the
increasingly complex and critical infrastructure that supports
national economies and deliver projects at the heart of local
communities.
-- Over the last 112 years we have created iconic buildings and
infrastructure all over the world including: the GBP1.5 billion A14
improvement scheme - Britain's biggest road project; Hong Kong's
HK$5.5 billion world-class harbour theatre project for the West
Kowloon Cultural District Authority; and the 12.5 mile $429 million
North Metro Commuter Rail line in Colorado, US.
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