Pennon Group plc
Result of the Annual General Meeting held on 24th July 2025 at Peninsula House, Rydon Lane Exeter, EX2 7HR at 10:00am
The Directors are pleased to announce that the shareholders of Pennon Group plc passed all the Resolutions which were set out in the Notice of Annual General Meeting dated 26th June 2025.
Voting on all Resolutions was conducted by way of a poll and the below table shows the percentage of issued share capital voted for each.
A copy of each of the Resolutions passed by the Company, other than resolutions concerning ordinary business, will be submitted and made available for inspection on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A copy of this announcement will be posted on the Company's website at www.pennon-group.co.uk/investor-information/shareholder-services
|
RESOLUTION |
VOTES FOR |
% FOR |
VOTES AGAINST |
% AGAINST |
VOTES |
% SHARE CAPITAL VOTED |
VOTES WITHHELD |
|
|
1. |
To receive and adopt for the Annual Report and Accounts for the year ended 31st March 2025 |
374,760,673 |
99.66 |
1,285,588 |
0.34 |
376,046,261 |
79.68% |
270,307 |
|
2. |
To declare a final dividend in respect of the year ended 31st March 2025 |
374,587,883 |
99.54 |
1,717,733 |
0.46 |
376,305,616 |
79.73% |
10,952 |
|
3. |
To approve the Directors' Remuneration Report |
363,487,846 |
99.06 |
3,437,978 |
0.94 |
366,925,824 |
77.74% |
9,390,744 |
|
4. |
To elect Andrea Blance as a Director |
352,399,290 |
93.66 |
23,852,660 |
6.34 |
376,251,950 |
79.72% |
64,618 |
|
5. |
To elect Laura Flowerdrew as a Director |
373,226,566 |
99.20 |
3,014,213 |
0.80 |
376,240,779 |
79.72% |
75,789 |
|
6. |
To re-elect David Sproul as a Director |
369,680,401 |
98.25 |
6,582,097 |
1.75 |
376,262,498 |
79.72% |
54,070 |
|
7. |
To re-elect Susan Davy as a Director |
355,100,288 |
96.77 |
11,847,336 |
3.23 |
366,947,624 |
77.75% |
9,368,944 |
|
8. |
To re-elect Ian Evans as a Director |
340,713,781 |
90.55 |
35,548,064 |
9.45 |
376,261,845 |
79.72% |
54,723 |
|
9. |
To re-elect Jon Butterworth as a Director |
364,272,517 |
96.81 |
11,991,331 |
3.19 |
376,263,848 |
79.72% |
52,720 |
|
10. |
To re-elect Loraine Woodhouse as a Director |
364,783,139 |
96.96 |
11,456,106 |
3.04 |
376,239,245 |
79.72% |
77,323 |
|
11. |
To re-elect Dorothy Burwell as a Director |
364,344,655 |
96.83 |
11,910,536 |
3.17 |
376,255,191 |
79.72% |
61,377 |
|
12. |
To appoint PricewaterhouseCoopers LLP as auditor of the Company |
371,255,633 |
98.66 |
5,029,848 |
1.34 |
376,285,481 |
79.73% |
31,087 |
|
13. |
To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board |
372,338,304 |
98.95 |
3,949,128 |
1.05 |
376,287,432 |
79.73% |
29,136 |
|
14. |
To authorise the Company and its subsidiaries to make political donations up to a specified limit |
375,194,262 |
99.71 |
1,084,668 |
0.29 |
376,278,930 |
79.72% |
37,638 |
|
15. |
To grant the Directors authority to allot shares |
370,439,810 |
98.45 |
5,841,965 |
1.55 |
376,281,775 |
79.73% |
34,793 |
|
16. |
To consider and approve the Company's climate-related financial disclosures (as set out on pages 94-125 of the Annual Report and Accounts 2025) |
297,180,684 |
86.87 |
44,918,836 |
13.13 |
342,099,520 |
72.48% |
34,217,048 |
|
17. |
To authorise the general disapplication of pre-emption rights |
372,303,263 |
98.95 |
3,963,710 |
1.05 |
376,266,973 |
79.72% |
49,595 |
|
18. |
To authorise the disapplication of pre-emption rights in connection with an acquisition or specified capital investment |
357,571,139 |
95.03 |
18,693,480 |
4.97 |
376,264,619 |
79.72% |
51,949 |
|
19. |
To authorise the market purchase of the Company's shares |
375,774,668 |
99.97 |
113,182 |
0.03 |
375,887,850 |
79.64% |
428,718 |
|
20. |
To authorise that a General Meeting, other than an AGM, may be called on not less than 14 clear days notice |
368,167,944 |
97.84 |
8,130,810 |
2.16 |
376,298,754 |
79.73% |
17,814 |
|
21. |
To approve the amendments to the Articles of Association |
376,110,582 |
99.96 |
157,278 |
0.04 |
376,267,860 |
79.72% |
48,708 |
|
22. |
That the amendments to the Articles of Association relating to the format of General Meetings, be authorised |
RESOLUTION WITHDRAWN |
||||||
1. Resolution 22 was withdrawn prior to the AGM
Notes
i) The total votes cast in favour of each resolution include those giving the Chair's discretion.
ii) 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.
iii) Pennon Group plc's issued share capital consists of 471,977,902 ordinary shares of 61.05p each, with
5,628 shares held in treasury. Therefore, the total number of voting rights in Pennon Group plc is 471,972,274 shares.
24th July 2025