Result of AGM

RNS Number : 3209L

Balfour Beatty PLC

12 May 2022

 

Balfour Beatty plc (the 'Company')

AGM Results

12 May 2022

Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held on 12 May 2022, the resolutions set out in the Notice of AGM dated 1 April 2022 were passed following a poll on each resolution.

Resolutions 1 to 16 were passed as Ordinary Resolutions and Resolutions 17 to 19 were passed as Special Resolutions. The table below details votes cast on each resolution.

	Votes For And Discretionary	%	Votes Against	%	Votes Total	Votes Withheld	% of ISC Voted (excluding shares held in Treasury)
Resolution 1: To adopt the Directors' Report and Accounts for the year ended 31 December 2021	491,440,184	100.00%	6,709	0.00%	491,446,893	4,942,482	77.88%
Resolution 2: To approve the Directors' Remuneration Report for the year ended 31 December 2021	464,255,659	93.59%	31,798,975	6.41%	496,054,634	42,544	78.61%
Resolution 3: To declare a final dividend of 6.0p per ordinary share of the Company	496,073,589	100.00%	1,585	0.00%	496,075,174	22,004	78.61%
Resolution 4: To elect C Allen, Lord Allen of Kensington CBE as a Director	427,209,135	89.01%	52,773,938	10.99%	479,983,073	16,114,105	76.06%
Resolution 5: To elect Ms L Hardy as a Director	493,917,992	99.57%	2,135,772	0.43%	496,053,764	43,414	78.61%
Resolution 6: To re-elect Dr S R Billingham CBE as a Director	487,499,559	98.27%	8,574,815	1.73%	496,074,374	22,804	78.61%
Resolution 7: To re-elect Mr S J Doughty CMG as a Director	483,116,738	97.39%	12,952,926	2.61%	496,069,664	27,514	78.61%
Resolution 8: To re-elect Mr P J Harrison as a Director	495,178,324	99.82%	895,036	0.18%	496,073,360	23,818	78.61%
Resolution 9: To re-elect Mr M A Lucki as a Director	495,976,613	99.98%	97,225	0.02%	496,073,838	23,340	78.61%
Resolution 10: To re-elect Ms B J Moorhouse as a Director	487,734,083	98.26%	8,630,958	1.74%	496,365,041	24,334	78.66%
Resolution 11: To re-elect Mr L M Quinn as a Director	496,263,191	99.98%	102,366	0.02%	496,365,557	23,818	78.66%
Resolution 12: To re-elect Ms A Drinkwater as a Director	496,254,814	99.98%	108,008	0.02%	496,362,822	26,553	78.66%
Resolution 13: To reappoint KPMG LLP as auditor	469,925,333	94.68%	26,380,937	5.32%	496,306,270	83,105	78.65%
Resolution 14: To authorise the Directors to determine the remuneration of the auditor	496,321,316	99.99%	37,376	0.01%	496,358,692	30,683	78.66%
Resolution 15: To authorise the Company and its UK subsidiaries to incur political expenditure	485,791,733	97.87%	10,573,191	2.13%	496,364,924	24,451	78.66%
Resolution 16: To authorise the Directors to allot shares	481,424,843	96.99%	14,940,401	3.01%	496,365,244	24,131	78.66%
Resolution 17: To authorise the Directors to allot shares for cash on a non pre-emptive basis	491,582,337	99.04%	4,779,975	0.96%	496,362,312	27,063	78.66%
Resolution 18: To renew the authority for the Company to purchase its own ordinary shares	468,543,841	94.65%	26,494,542	5.35%	495,038,383	1,350,992	78.45%
Resolution 19: To authorise the Company to hold meetings, other than an Annual General Meeting, on 14 clear days' notice	475,807,727	95.92%	20,264,440	4.08%	496,072,167	1,706,306	78.61%

Notes:

1.  The "for" votes include those giving the Chair 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 58,702,759 treasury shares registered on the share register in the Company's name, at close of business on 10 May 2022 and the number used for the percentage of ISC voted was 631,036,860.

In accordance with Listing Rule 9.6.2R, copies of resolutions other than those concerning ordinary business passed at the Annual General Meeting 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 [e-mail] should you have any queries regarding this announcement.

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. [phone]

Media enquiries: 

Antonia Walton
Tel. [phone]
[e-mail]

Notes to editors:

· Balfour Beatty is a leading international infrastructure group with 24,500 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 113 years we have created iconic buildings and infrastructure all over the world including: the £1.5 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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