Business
Resolutions passed
Resolutions passed.
About this update from United Utilities Group Plc
[{"type":"text","content":"\n \nRNS Number : 0634W United Utilities Group PLC 27 July 2018 \n\nUNITED UTILITIES GROUP PLC\n \nRESOLUTIONS PASSED \n \n27 JULY 2018\n \nAt the annual general meeting held on 27 July 2018, at the Lowry Hotel, Manchester the following resolutions were duly passed. Resolutions 16 and 21 were passed as ordinary resolutions and resolutions 17 to 20 as special resolutions.\n \nResolution 16: authorising the directors to allot shares\n \nThat the board be generally and unconditionally authorised to allot ordinary shares pursuant\nto section 551 of the Companies Act 2006 (the Act) in the company and to grant rights to subscribe for or convert any security into ordinary shares in the company:\n(A) up to a nominal amount of £11,364,806 (such amount to be reduced by any allotments or grants made under paragraph below in excess of such sum); and\n \n(B) comprising equity securities (as defined in section 560(1) of the Act) up to a nominal amount of £22,729,613 (such amount to be reduced by any allotments or grants made under paragraph (A) above) in connection with an offer by way of a rights issue:\n(i) to ordinary shareholders in proportion (as nearly as may be practicable) to their existing holdings; and\n(ii) to holders of other equity securities as required by the rights of those securities or as the board otherwise considers necessary,\n \nand so that the board may impose any limits or restrictions and make any arrangements which it considers necessary or appropriate to deal with treasury shares, fractional entitlements, record dates, legal, regulatory or practical problems in, or under the laws of, any territory or any other matter, such power to apply until the end of the 2019 annual general meeting of the company but, in each case, during this period the company may make offers and enter into agreements which would, or might, require shares to be allotted or rights to subscribe for or convert securities into shares to be granted after the authority ends and the board may all...