TIDMPNN
RNS Number : 3683K
Pennon Group PLC
06 July 2017
PENNON GROUP PLC
AGM STATEMENT
Results of the Annual General Meeting held on 6 July 2017 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 6 July 2017 passed on a show of hands all the resolutions
as set out in the Notice of Annual General Meeting dated 23 May
2017.
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 70.32% 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
2017. 292,818,208 99.99% 19,449 0.01% 27,052
----------------------- ----------- ------ ---------- -------- ---------
2. To declare
a final dividend
in respect of
the year ended
31 March 2017
of 24.87p for
each ordinary
share for payment
on 1 September
2017. 292,790,643 99.97% 80,988 0.03% 4,078
----------------------- ----------- ------ ---------- -------- ---------
3. To approve
the Directors'
remuneration
report. 289,089,365 98.79% 3,551,749 1.21% 223,594
----------------------- ----------- ------ ---------- -------- ---------
4. To approve
the Directors'
remuneration
policy. 286,546,279 97.92% 6,081,275 2.08% 237,155
----------------------- ----------- ------ ---------- -------- ---------
5. To re-elect
Sir John Parker
as a Director. 290,250,366 99.12% 2,574,868 0.88% 39,474
----------------------- ----------- ------ ---------- -------- ---------
6. To re-elect
Martin Angle
as a Director. 289,056,080 98.72% 3,760,798 1.28% 47,831
----------------------- ----------- ------ ---------- -------- ---------
7. To re-elect
Neil Cooper as
a Director. 291,925,993 99.69% 895,592 0.31% 43,124
----------------------- ----------- ------ ---------- -------- ---------
8. To re-elect
Susan Davy as
a Director. 291,337,857 99.49% 1,493,265 0.51% 33,587
----------------------- ----------- ------ ---------- -------- ---------
9. To re-elect
Christopher Loughlin
as a Director. 291,606,966 99.58% 1,226,208 0.42% 31,535
----------------------- ----------- ------ ---------- -------- ---------
10. To re-elect
Gill Rider as
a Director. 292,038,566 99.73% 789,665 0.27% 36,478
----------------------- ----------- ------ ---------- -------- ---------
11. To re-appoint
Ernst & Young
LLP as auditor
of the Company. 292,143,100 99.77% 681,749 0.23% 39,860
----------------------- ----------- ------ ---------- -------- ---------
12. To authorise
the Audit Committee
to determine
the remuneration
of the auditor
on behalf of
the Board. 292,698,009 99.96% 120,250 0.04% 46,450
----------------------- ----------- ------ ---------- -------- ---------
13. To authorise
the Company and
its subsidiaries
to make political
donations up
to a specified
limit. 290,255,757 99.16% 2,445,277 0.84% 163,675
----------------------- ----------- ------ ---------- -------- ---------
14. To grant
the Directors
authority to
allot shares. 281,266,420 96.34% 10,687,105 3.66% 911,184
----------------------- ----------- ------ ---------- -------- ---------
15. To approve
the Pennon Group
long-term incentive
plan. 286,075,486 97.74% 6,601,858 2.26% 187,365
----------------------- ----------- ------ ---------- -------- ---------
16. To authorise
the partial exclusion
of pre-emption
rights. 291,449,360 99.73% 777,895 0.27% 637,454
----------------------- ----------- ------ ---------- -------- ---------
17. To authorise
the partial exclusion
of pre-emption
rights in connection
with an acquisition
or specified
capital investment. 277,227,457 94.86% 15,011,293 5.14% 625,959
----------------------- ----------- ------ ---------- -------- ---------
18. To authorise
the market purchase
of the Company's
shares. 290,210,954 99.10% 2,623,659 0.9% 30,096
----------------------- ----------- ------ ---------- -------- ---------
19. To authorise
a general meeting
other than an
AGM to be called
on 14 clear days'
notice. 282,158,650 96.35% 10,677,588 3.65% 28,470
----------------------- ----------- ------ ---------- -------- ---------
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 16 to 19 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
416,450,997.
6 July 2017
www.pennon-group.co.uk
End transmission
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