Severn Trent Plc - Result of AGM

RNS Number : 7084R

Severn Trent PLC

07 July 2022

 

 

LEI: 213800RPBXRETY4A4C59

Severn Trent Plc

(the "Company")

Results of the Annual General Meeting held on 7 July 2022, and PR24 draft methodology

Results of the Annual General Meeting

At the Annual General Meeting of Severn Trent Plc held on 7 July 2022, all the resolutions set out in the Notice of Meeting were approved by the shareholders which were voted by way of a poll. The total number of votes received for each resolution is set out below.

The Directors are pleased to announce that the shareholders of Severn Trent Plc passed all the resolutions that were proposed at this year's Annual General Meeting.

Resolutions 1 to 16 were passed as ordinary resolutions and resolutions 17 to 21 were passed as special resolutions.

In accordance with Listing Rule 9.6.2, a copy of the resolutions passed at the Meeting, other than resolutions concerning ordinary business, will shortly be available for inspection at the National Storage Mechanism, located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

In total, 78.05% of the issued share capital, excluding shares held in treasury, was voted and the percentages shown below are rounded to two decimal places.

PR24 draft methodology

This morning Ofwat, the economic regulator of the water sector in England and Wales, released its draft methodology for the 2024 price review ('PR24').

We are currently reviewing the methodology document and will host a call at 4pm BST on Tuesday 12 July 2022 to share our key takeaways. You can access the call via our website at severntrent.com.

www.severntrent.com

Results of Annual General Meeting

	RESOLUTION	VOTES FOR	% OF VOTES CAST	VOTES AGAINST	% OF VOTES CAST	VOTES CAST IN TOTAL	TOTAL VOTES CAST AS A % OF ISSUED SHARE CAPITAL	VOTES WITHHELD
1	Receive the Report and Accounts for the year ended 31 March 2022	195,924,201	99.97	62,447	0.03	195,986,648	78.02%	116,273
2	Approve the Directors' Remuneration Report	179,181,598	95.06	9,316,047	4.94	188,497,645	75.04%	7,605,276
3	Declare a final ordinary dividend in respect of the year ended 31 March 2022	195,600,654	99.77	454,607	0.23	196,055,261	78.05%	47,660
4	Reappoint Kevin Beeston	193,751,191	98.85	2,247,599	1.15	195,998,790	78.03%	103,731
5	Reappoint James Bowling	195,895,801	99.95	106,017	0.05	196,001,818	78.03%	100,703
6	Reappoint John Coghlan	193,752,149	98.85	2,247,667	1.15	195,999,816	78.03%	102,705
7	Appoint Tom Delay	195,925,817	99.96	70,556	0.04	195,996,373	78.02%	106,148
8	Reappoint Olivia Garfield	195,924,445	99.96	82,463	0.04	196,006,908	78.03%	95,613
9	Reappoint Christine Hodgson	193,645,294	98.80	2,358,611	1.20	196,003,905	78.03%	98,616
10	Reppoint Sharmila Nebhrajani	193,739,655	98.85	2,262,330	1.15	196,001,985	78.03%	100,536
11	Reappoint Philip Remnant	193,603,948	98.84	2,272,334	1.16	195,876,282	77.98%	226,239
12	Appoint Gillian Sheldon	195,928,942	99.96	71,447	0.04	196,000,389	78.03%	102,132
13	Reappoint Deloitte LLP as Auditor of the Company	193,672,074	98.80	2,361,871	1.20	196,033,945	78.04%	68,976
14	Authorise the Audit and Risk Committee to determine the remuneration of the Auditor	194,397,305	99.17	1,626,581	0.83	196,023,886	78.04%	79,035
15	Authorise political donations and political expenditure	181,324,666	98.33	3,087,765	1.67	184,412,431	73.41%	11,690,490
16	Renew the Company's authority to allot shares	189,304,071	96.57	6,716,858	3.43	196,020,929	78.03%	81,990
17	Disapply pre-emption rights generally, including on up to five per cent of the issued share capital	193,745,506	99.78	423,109	0.22	194,168,615	77.30%	1,934,306
18	Disapply pre-emption rights on up to an additional five per cent of the issued share capital in connection with an acquisition or specified capital investment	193,542,109	99.18	1,592,023	0.82	195,134,132	77.68%	968,789
19	Authorise the Company to make market purchases of its Ordinary Shares	194,959,688	99.50	974,471	0.50	195,934,159	78.00%	168,762
20	Approve proposed amendments to the Articles of Association	190,821,975	97.37	5,147,178	2.63	195,969,153	78.01%	133,768
21	Authorise general meetings of the Company, other than Annual General Meetings, to be called on not less than 14 clear days' notice	186,960,483	95.37	9,067,302	4.63	196,027,785	78.04%	75,136

Notes

1. Any proxy appointments which gave discretion to the Chair have been included in the "for" total.

2. 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.

3.  Issued ordinary share capital (excluding shares held in treasury) at 7 July 2022: 251,196,960 shares.

 

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