Result of AGM

Balfour Beatty PLC

12 May 2023

 

Balfour Beatty plc (the 'Company')

AGM Results

12 May 2023

Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held on 12 May 2023, the resolutions set out in the Notice of AGM dated 31 March 2023 were passed following a poll on each resolution.

Resolutions 1 to 17 were passed as Ordinary Resolutions and Resolutions 18 to 20 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 2022	449,995,564	100.00	2,694	0.00	449,998,258	470,355	76.60%
Resolution 2: To approve the Directors' Remuneration Report for the year ended 31 December 2022	427,684,140	94.95	22,735,424	5.05	450,419,564	49,049	76.68%
Resolution 3: To approve the Directors' Remuneration Policy	364,512,799	81.11	84,890,014	18.89	449,402,813	1,065,800	76.50%
Resolution 4: To declare a final dividend of 7.0p per ordinary share of the Company	450,464,495	100.00	1,680	0.00	450,466,175	2,438	76.68%
Resolution 5: To re-elect Mr C Allen, Lord Allen of Kensington CBE as a Director	350,875,923	83.61	68,763,630	16.39	419,639,553	30,829,060	71.44%
Resolution 6: To re-elect Dr S R Billingham CBE as a Director	443,008,519	98.35	7,423,465	1.65	450,431,984	36,629	76.68%
Resolution 7: To re-elect Mr S J Doughty CMG as a Director	443,029,508	98.36	7,407,031	1.64	450,436,539	32,074	76.68%
Resolution 8: To re-elect Ms A Drinkwater as a Director	449,417,489	99.77	1,019,372	0.23	450,436,861	31,752	76.68%
Resolution 9: To re-elect Ms L J Hardy as a Director	448,229,061	99.51	2,194,065	0.49	450,423,126	45,487	76.68%
Resolution 10: To re-elect Mr P J Harrison as a Director	449,409,626	99.77	1,024,245	0.23	450,433,871	34,742	76.68%
Resolution 11: To re-elect Mr M A Lucki as a Director	449,365,735	99.76	1,071,318	0.24	450,437,053	31,560	76.68%
Resolution 12: To re-elect Ms B J Moorhouse as a Director	442,137,452	98.16	8,300,975	1.84	450,438,427	30,186	76.68%
Resolution 13: To re-elect Mr L M Quinn as a Director	450,293,811	99.97	147,989	0.03	450,441,800	26,813	76.68%
Resolution 14: To reappoint KPMG LLP as auditor	435,668,958	96.73	14,725,397	3.27	450,394,355	71,258	76.67%
Resolution 15: To authorise the Directors to determine the remuneration of the auditor	449,957,908	99.89	480,387	0.11	450,438,295	30,318	76.68%
Resolution 16: To authorise the Company and its UK subsidiaries to incur political expenditure	441,257,674	97.97	9,156,072	2.03	450,413,746	54,867	76.67%
Resolution 17: To authorise the Directors to allot shares	428,357,819	95.10	22,085,796	4.90	450,443,615	24,998	76.68%
Resolution 18: To authorise the Directors to allot shares for cash on a non pre-emptive basis	447,876,110	99.43	2,556,628	0.57	450,432,738	35,875	76.68%
Resolution 19: To renew the authority for the Company to purchase its own ordinary shares	420,672,366	93.46	29,424,734	6.54	450,097,100	371,513	76.62%
Resolution 20: To authorise the Company to hold meetings, other than an Annual General Meeting, on 14 clear days' notice	433,239,347	96.18	17,220,787	3.82	450,460,134	8,479	76.68%

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 19,444,151 treasury shares registered on the share register in the Company's name, at close of business on 10 May 2023 and the number used for the percentage of ISC voted was 587,434,407.

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]

Investor and analyst enquiries:

Jim Ryan

Tel. [phone]

[e-mail]

Antonia Walton
Tel. [phone]
[e-mail]

Notes to editors:

·    Balfour Beatty is a leading international infrastructure group with 25,000 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 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.

 

END