AGM Statement

RNS Number : 2796Q

Pennon Group PLC

30 July 2010

 

PENNON GROUP PLC

AGM STATEMENT

Summary of the Annual General Meeting held on 29 July 2010 at Sandy Park Conference Centre, Sandy Park, Exeter, Devon

The Directors are pleased to announce that the shareholders of Pennon Group Plc at the Company's Annual General Meeting on Thursday, 29 July 2010 passed all the resolutions set out in the Notice of Annual General Meeting dated 24 June 2010.

The following table summarises the proxy votes received from shareholders prior to the meeting.  The highest percentage of the issued share capital voted was approximately 66.81%.  Votes withheld are not votes in law and have not been counted in the calculation of the votes.

	Number of Votes
Resolution 1: To receive and adopt for the year ended                         31 March 2010 the financial statements, the Directors' Report and the report of the independent auditors on the financial statements.
For	234,683,883
Against	382,738
Discretion	735,825
Withheld	410,630
Resolution 2: To declare a final dividend in respect of the year ended 31 March 2010 of 15.60p for each ordinary share of nominal value 40.7p.
For	235,479,711
Against	14,211
Discretion	713,063
Withheld	6,091
Resolution 3:             To approve the Directors' remuneration report for the year ended 31 March 2010.
For	231,905,504
Against	3,336,517
Discretion	775,264
Withheld	195,791
Resolution 4:             To re-elect Ken Harvey as a Director.
For	234,108,229
Against	1,220,041
Discretion	763,119
Withheld	121,687
Resolution 5:             To re-elect Gerard Connell as a Director.
For	234,520,576
Against	791,806
Discretion	768,809
Withheld	131,885
Resolution 6: To re-elect Chris Loughlin as a Director.
For	234,606,752
Against	678,947
Discretion	776,211
Withheld	151,166
Resolution 7: To re-appoint PricewaterhouseCoopers LLP as auditors of the Company.
For	231,106,422
Against	4,299,336
Discretion	753,987
Withheld	53,331
Resolution 8: To authorise the Directors to fix the remuneration of the Auditors.
For	232,817,313
Against	2,601,188
Discretion	740,166
Withheld	54,409
Resolution 9: To authorise the Company and its subsidiaries to make political donations (precautionary authority).
For	233,191,092
Against	1,999,329
Discretion	775,463
Withheld	247,192
Resolution 10:           To grant to Directors authority to allot shares.
For	234,037,739
Against	980,818
Discretion	778,879
Withheld	415,740
Resolution 11:  To authorise the partial exclusion of the                           statutory pre-emption rights.
For	234,814,478
Against	388,559
Discretion	828,732
Withheld	181,307
Resolution 12:  To authorise the market purchase of the Company's shares.
For	234,909,601
Against	194,574
Discretion	784,127
Withheld	324,774
Resolution 13: To adopt new Articles of Association.
For	232,529,871
Against	783,831
Discretion	812,927
Withheld	2,086,547
Resolution 14:  To amend the Articles of Association to increase the Company's borrowing powers.
For	234,939,053
Against	317,767
Discretion	801,762
Withheld	154,594
Resolution 15: To authorise a general meeting other than an Annual General Meeting to be called on 14 days' notice.
For	232,600,629
Against	2,748,076
Discretion	797,730
Withheld	66,641

Two copies of all the resolutions passed by the Company, other than resolutions concerning ordinary business, have been submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

LONDON

E14 5HS

Tel:  [phone]

30 July 2010

www.pennon-group.co.uk

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