Severn Trent Plc
Annual Report and Notice of
Annual General Meeting
Severn Trent Plc (the 'Company')
announces that it has today published its 2024 Annual Report and
Accounts and Notice of Annual General Meeting ('AGM').
Copies of the following documents
will be submitted to the Financial Conduct Authority's Electronic
Submission Service in due course and will be available to view on
the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism:
·
Annual Report and Accounts 2024;
·
Notice of AGM; and
·
Form of Proxy.
The 2024 Annual Report and Accounts
and Notice of AGM are available on the Severn Trent Plc website
at www.severntrent.com.
Our 2024 AGM is to be held on
Thursday, 11 July 2024 at 10.00am at the Severn Trent Academy,
Hawksley Park, St. Martins Road, Finham, Coventry, CV3
6PR.
Shareholders are able to submit
questions in writing through our website in advance of the AGM. In
accordance with corporate governance best practice, the Board will
seek to respond to questions received through the website by close
of business on Monday, 24 June 2024, on or before Friday, 28 June
2024, ahead of the proxy voting deadline on Tuesday, 9 July
2024.
Questions received and the
associated responses will be published on the Severn Trent Plc
website at
www.severntrent.com/shareholder-centre/annual-general-meetings/.
The Annual Report
and Accounts 2024 for Severn Trent Water Limited
will be available to view in due course on Severn Trent Water's
website at www.stwater.co.uk.
The Appendix to this announcement
contains additional information for the purposes of compliance with
the Disclosure and Transparency Rules and should be read together
with the Preliminary Results Announcement issued on 22 May 2024 in
respect of the financial year ended 31 March 2024 which included,
inter alia, a condensed set of the Company's financial statements
and extracts from the management report. Together these constitute
the information required by DTR 6.3.5 to be communicated to media
in full unedited text. This announcement should be read in
conjunction with and is not a substitute for reading the full
Annual Report and Accounts 2024.
The responsibility statement set out
in the Appendix is repeated here solely for the purpose of
complying with DTR 6.3.5. The responsibility statement relates to
and is extracted from page 208 of the Annual Report and Accounts
2024. Responsibility is for the full Annual Report and Accounts
2024 not the extracted information presented in this announcement
and the Preliminary Results Announcement.
Appendix
Directors' responsibility statement
The Directors are required to
prepare the financial statements in accordance with United Kingdom
adopted International Financial Reporting Standards ('IFRS'), and
have elected to prepare the Company financial statements in
accordance with United Kingdom Generally Accepted Practice (United
Kingdom Accounting Standards and applicable law) including FRS 101
'Reduced Disclosure Framework'.
Under company law, the Directors
must not approve the Annual Report and financial
statements unless they are satisfied
that they give a true and fair view of the state of affairs of the
Company and of the profit or loss of the Company for the
year.
In preparing the parent company
financial statements, the Directors are required to:
- select suitable
accounting policies and then apply them consistently;
- make judgments
and accounting estimates that are reasonable and
prudent;
- state whether
applicable UK Accounting Standards have been followed, subject to
any material departures disclosed and explained in the financial
statements; and
- prepare the
financial statements on the going concern basis unless it is
inappropriate to presume that the Company will continue in
business.
In preparing the Group financial
statements, International Accounting Standard 1 requires that
Directors:
- properly select
and apply accounting policies;
- present
information, including accounting policies, in a manner that
provides relevant, reliable, comparable and understandable
information;
- provide
additional disclosures when compliance with the specific
requirements in IFRSs are insufficient to enable users to
understand the impact of particular transactions, other events and
conditions on the entity's financial position and financial
performance; and
- make an
assessment of the Company's ability to continue as a going
concern.
The Directors are responsible for
keeping adequate accounting records that are
sufficient to show and explain the
Company's transactions and disclose with reasonable accuracy at any
time the financial position of the Company and enable them to
ensure that the financial statements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the
Company and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
The Directors are responsible for
the maintenance and integrity of the corporate
and financial information included
on the Company's website. Legislation in the UK
governing the preparation and
dissemination of financial statements may differ from
legislation in other
jurisdictions.
Each of the Directors confirm that
to the best of their knowledge:
- the financial
statements, prepared in accordance with the relevant financial
reporting framework, give a true and fair view of the assets,
liabilities, financial position and profit or loss of the Company
and the undertakings included in the consolidation taken as a
whole;
- the Strategic
Report includes a fair review of the development and performance of
the business and the position of the Company and the undertakings
included in the consolidation taken as a whole, together with a
description of the Principal Risks and uncertainties that they
face; and
- the Annual
Report and financial statements, taken as a whole, are fair,
balanced and understandable, and provide the information necessary
for shareholders to assess the Company's position and performance,
business model and strategy.