Amended AGM Statement

RNS Number : 0922O
Pennon Group PLC
01 August 2014
 



Amended copy

 

Please note Resolution 12 has been amended to read appoint Ernst & Young LLP (rather than as previously stated "To re-appoint").

 

PENNON GROUP PLC

 

AGM STATEMENT

 

Summary of the Annual General Meeting held on 31 July 2014 at Exeter Golf and Country Club, Exeter, EX2 7AE

 

The Directors are pleased to announce that the shareholders of Pennon Group Plc at the Company's Annual General Meeting on Thursday, 31 July 2014 passed all the resolutions as set out in the Notice of Annual General Meeting dated 23 June 2014.

 

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 69.81%. 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 2014 the financial statements, the Directors' Report and the report of the independent auditors on the financial statements.

 

 


For

267,170,286


Against

3,573,165


Discretion

618,845


Withheld

1,298,893

 





Resolution 2: To declare a final dividend in respect of the year ended 31 March 2014 of 20.92p for each ordinary share of nominal value 40.7p for payment on 3 October 2014.



For

272,011,225


Against

20,233


Discretion

610,459


Withheld

19,273

 





Resolution 3:             To approve the annual report on remuneration.

 



For

260,396,329


Against

11,389,176


Discretion

615,700


Withheld

259,985

 





Resolution 4:             To approve the Directors' remuneration policy, as contained in the Company's Annual Report 2014.



For

263,910,515


Against

7,865,436


Discretion

620,884


Withheld

 

 

264,354


Resolution 5:             To re-elect Mr K G Harvey as a Director.



For

250,506,425


Against

       18,304,641


Discretion

626,583


Withheld

 

3,223,540





Resolution 6:                         To re-elect Mr M D Angle as a Director.



For

270,935,466


Against

        1,026,592


Discretion

626,368


Withheld

 

72,763





Resolution 7: To re-elect Mr G D Connell as a Director.


For

247,999,753


Against

19,289,856


Discretion

632,222


Withheld

4,739,358

 





Resolution 8: To re-elect Mr D J Dupont as a Director.


For

269,516,714


Against

2,444,263


Discretion

633,323


Withheld

 

66,890


Resolution 9: To re-elect Mr C Loughlin as a Director.



For

269,573,791


Against

2,235,011


Discretion

627,241


Withheld

 

225,147





Resolution 10: To elect Mr I J McAulay as a Director.



For

269,597,910


Against

2,189,746


Discretion

640,625


Withheld

 

232,909





Resolution 11: To elect Ms G A Rider as a Director.



For

269,919,015


Against

711,209


Discretion

635,811


Withheld

 

1,395,154





Resolution 12: To appoint Ernst & Young LLP as auditors of the Company.



For

261,678,704


Against

7,286,523


Discretion

634,042


Withheld

 

3,061,921





Resolution 13: To authorise the Directors to fix the remuneration of the Auditors.



For

238,106,477


Against

30,461,335


Discretion

637,397


Withheld

 

3,455,981





Resolution 14: To authorise the Company and its subsidiaries to make political donations (precautionary authority).



For

269,627,922


Against

2,205,240


Discretion

610,825


Withheld

 

217,203





Resolution 15:           To grant to Directors authority to allot shares.



For

267,748,472


Against

3,146,737


Discretion

627,995


Withheld

 

1,136,285





Resolution 16:           To approve the updated rules of the Pennon Group Sharesave Scheme.



For

270,503,082


Against

1,311,453


Discretion

633,069


Withheld

 

213,586





Resolution 17:           To approve the updated rules of the Pennon Group All Employee Share Ownership Plan.



For

271,663,014


Against

121,491


Discretion

767,358


Withheld

109,327

 





Resolution 18:           To authorise the partial exclusion of the                           statutory pre-emption rights.



For

271,359,361


Against

245,656


Discretion

771,790


Withheld

284,383

 





Resolution 19:  To authorise the market purchase of the Company's own shares.



For

270,956,035


Against

898,417


Discretion

760,364


Withheld

46,374

 





Resolution 20: To authorise the Directors to offer a scrip dividend alternative.



For

271,794,976


Against

64,925


Discretion

759,444


Withheld

41,845

 





Resolution 21: To authorise a general meeting other than an Annual General Meeting to be called on 14 clear days' notice.



For

259,637,814


Against

12,216,412


Discretion

768,580


Withheld

38,384

 


 

Two copies of all the resolutions passed by the Company, other than resolutions concerning ordinary business, will be submitted and made available for inspection from the National Storage Mechanism at www.hemscott.com/nsm.do

 

1 August 2014

 

www.pennon-group.co.uk

 

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