2020

AGM Poll results 

25 June 2020

Balfour Beatty plc announces that, at its Annual General Meeting (‘AGM’) held on 25 June 2020, the resolutions set out in the Notice of AGM dated 1 June 2020 were passed following a poll on each resolution.

Resolutions 1 to 15 were passed as Ordinary Resolutions and Resolutions 16 to 18 were passed as Special Resolutions. The table below details votes cast on each resolution.

 

 

Votes For

%

Votes Against

%

Votes Total

% of ISC Voted

Votes Withheld

Resolution 1:

To adopt the Directors' Report and Accounts for the year ended 31 December 2019

 

495,032,232

94.58

28,356,328

5.42

523,388,560

75.88

10,612,926

Resolution 2:

To approve the Directors' Remuneration Report for the year ended 31 December 2019

441,450,058

82.68

92,500,778

17.32

533,950,836

77.41

50,650

Resolution 3:

To approve the Directors’ Remuneration Policy for the year ended 31 December 2019

471,417,406

93.57

32,405,719

6.43

503,823,125

73.05

30,178,361

Resolution 4:

To re-elect Mr P S Aiken AM as a Director

478,921,831

90.69

49,139,889

9.31

528,061,720

76.56

5,939,766

Resolution 5:

To re-elect Dr S R Billingham as a Director

528,155,048

98.92

5,787,663

1.08

533,942,711

77.41

58,776

Resolution 6:

To re-elect Mr S J Doughty CMG as a Director

528,116,184

98.91

5,825,652

1.09

533,941,836

77.41

59,651

Resolution 7:

To re-elect Mr P J Harrison as a Director

530,073,742

99.28

3,858,648

0.72

533,932,390

77.41

69,097

Resolution 8:

To re-elect Mr M A Lucki as a Director

 

530,346,849

99.33

3,583,199

0.67

533,930,048

77.41

71,439

Resolution 9:

To elect Ms B J Moorhouse as a Director

 

528,736,081

99.03

5,205,202

0.97

533,941,283

77.41

60,204

Resolution 10:

To elect Mr L M Quinn as a Director

 

522,670,670

97.89

11,274,256

2.11

533,944,926

77.41

56,561

Resolution 11:

To elect Miss Anne Drinkwater as a Director

 

530,959,009

99.44

2,981,474

0.56

533,940,483

77.41

61,004

Resolution 12:

To reappoint KPMG LLP as auditor

 

533,822,111

99.99

76,788

0.01

533,898,899

77.41

102,588

Resolution 13:

To authorise the Directors to determine the remuneration of the auditor

533,888,561

99.99

53,048

0.01

533,941,609

77.41

59,878

Resolution 14:

To authorise the Company and its UK subsidiaries to incur political expenditure

517,209,960

96.86

16,761,432

3.14

533,971,392

77.42

30,095

Resolution 15:

To authorise the Directors to allot shares

516,261,008

96.69

17,676,947

3.31

533,937,955

77.41

63,532

Resolution 16*:

To authorise the Directors to allot shares for cash on a non pre-emptive basis

525,720,240

98.46

8,223,964

1.54

533,944,204

77.41

57,283

Resolution 17*:

To renew the authority for the Company to purchase its own ordinary shares

500,587,459

94.27

30,404,666

5.73

530,992,125

76.98

3,009,361

Resolution 18*:

To authorise the Company to hold meetings, other than an Annual General Meeting, on 14 clear days' notice

511,977,239

95.88

21,993,419

4.12

533,970,658

77.42

30,829

 * Special Resolution

Notes:

  1. The percentages above are rounded to two decimal places.
  2. A vote withheld is not a vote in law and is not counted in the calculation of votes ‘For’ and ‘Against’ a resolution.
  3. The total number of Ordinary Shares of 50p each in the Company in issue at close of business on 23 June 2020 was 689,739,619, each carrying one vote.

In accordance with Listing Rule 9.6.2R, copies of each of Resolutions 14 to 18 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Please do not hesitate to contact ShareholderQuestions@balfourbeatty.com should you have any queries regarding this announcement. Please note that this email address will be deactivated one week after conclusion of the AGM.

Balfour Beatty plc’s Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

 

AGM

1 June 2020

Notice of Meeting PDF (194KB)

COVID-19 trading update and re-scheduling of AGM

1 June 2020

COVID-19 trading update and re-scheduling of AGM

View

 PDF (182KB)

COVID-19 update and postponement of AGM

27 March 2020

COVID-19 update and postponement of AGM View

Forms of Proxy

The ordering of two resolutions as set out in the hard copy Form of Proxy do not align with the Notice of Annual General Meeting as set out on Page 6 of the Annual General Meeting 2020 circular dated 1 June 2020 (‘Notice of AGM’).

On the hard copy version of the Form of Proxy which was mailed to shareholders on 1 June 2020, please be advised that ‘Resolution 2 To approve the Directors’ Remuneration Policy to take effect from the conclusion of the AGM’ relates to corresponding Resolution 3 as set out in the Notice of AGM.  In addition, ‘Resolution 3 To approve the Directors’ Remuneration Report for the year ended 31 December 2019’ relates to corresponding Resolution 2 as set out in the Notice of AGM.    

The web voting versions of the Forms of Proxy are correct.

Link Group, as Company Registrars who are handling the AGM Proxy Voting process, will ensure that votes that have been cast against these two resolutions, will correctly match the votes against the corresponding AGM resolution.

If you have any questions, please contact Link Group on 0371 664 0300 from the UK. Calls cost 12p per minute plus your phone company’s access charge. If you are outside the UK, please call + 44 (0)371 664 0300. Calls from outside the UK will be charged at the applicable international rate. Lines are open Monday to Friday 9:00am to 5:30pm UK time.