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:
- The percentages above are rounded to two decimal places.
- A vote withheld is not a vote in law and is not counted in the calculation of votes ‘For’ and ‘Against’ a resolution.
- 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 | 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.