2021

AGM

​The 2021 Annual General Meeting (AGM) of Balfour Beatty plc will be held as a closed meeting on 13 May 2021 at The Curve, Axis Business Park, Langley, SL3 8AG, United Kingdom.​

Notice of Meeting PDF (9.0MB)

 

AGM Poll results

Balfour Beatty plc announces that, at its Annual General Meeting (‘AGM’) held on 13 May 2021, the resolutions set out in the Notice of AGM dated 14 April 2021 were passed following a poll on each resolution.

Resolutions 1 to 16 were passed as Ordinary Resolutions and Resolutions 17 to 20 were passed as Special Resolutions. The table below details votes cast on each resolution.

 

 

Votes For

%

Votes Against

%

Votes Total

Votes

Withheld

% of ISC Voted (excluding shares held in Treasury)

Resolution 1:

To adopt the Directors' Report and Accounts for the year ended 31 December 2020

500,558,030

99.99

61,003

0.01

500,619,033

40,578,193

81.02

Resolution 2:

To approve the Directors' Remuneration Report for the year ended 31 December 2020

491,532,925

96.91

15,686,233

3.09

507,219,158

33,978,068

81.02

Resolution 3:

To declare a final dividend of 1.5p per ordinary share of the Company

541,161,090

99.99

13,043

0.01

541,174,133

23,093

81.02

Resolution 4:

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

417,152,141

77.99

117,708,516

22.01

534,860,657

6,336,569

81.02

Resolution 5:

To re-elect Dr S R Billingham CBE as a Director

532,998,578

98.49

8,158,220

1.51

541,156,798

40,428

81.02

Resolution 6:

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

532,911,732

98.48

8,246,967

1.52

541,158,699

38,527

81.02

Resolution 7:

To re-elect Mr P J Harrison as a Director

540,511,511

99.88

650,180

0.12

541,161,691

35,535

81.02

Resolution 8:

To re-elect Mr M A Lucki as a Director

 

540,452,320

99.87

698,962

0.13

541,151,282

45,944

81.02

Resolution 9:

To re-elect Ms B J Moorhouse as a Director

 

533,546,571

98.59

7,609,596

1.41

541,156,167

41,059

81.02

Resolution 10:

To re-elect Mr L M Quinn as a Director

 

528,340,632

97.63

12,822,188

2.37

541,162,820

34,406

81.02

Resolution 11:

To re-elect Ms A Drinkwater as a Director

 

527,802,820

97.53

13,361,920

2.47

541,164,740

32,486

81.02

Resolution 12:

To reappoint KPMG LLP as auditor

 

507,107,781

93.72

34,001,593

6.28

541,109,374

87,852

81.02

Resolution 13:

To authorise the Directors to determine the remuneration of the auditor

541,110,070

99.99

52,360

0.01

541,162,430

34,796

81.02

Resolution 14:

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

527,665,296

97.51

13,491,950

2.49

541,157,246

39,980

81.02

Resolution 15:

To authorise the Directors to allot shares

526,581,017

97.30

14,593,694

2.70

541,174,711

22,515

81.02

Resolution 16:

To adopt the rules of the Balfour Beatty Performance share Plan 2021

505,974,187

93.51

35,138,805

6.49

541,112,992

84,234

81.02

Resolution 17: To adopt the Articles of Association

541,075,823

99.99

54,195

0.01

541,130,018

67,208

81.02

Resolution 18:

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

535,288,057

98.92

5,866,472

1.08

541,154,529

42,697

81.02

Resolution 19:

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

505,346,756

93.67

34,144,164

6.33

539,490,920

1,706,306

81.02

Resolution 20:

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

522,521,325

96.56

18,628,888

3.44

541,150,213

47,013

81.02

 

Notes:

  1. The “for” votes include those giving the Chairman of the AGM discretion.
  2. Votes “for” and “against” are expressed as a percentage of the total votes cast (excluding votes withheld).
  3. The percentages above are rounded to two decimal places.
  4. A vote withheld is not a vote in law and is not counted in the calculation of votes “for” or “against” a resolution.
  5. Votes withheld are included in the percentage of issued share capital (‘ISC’) voted (excluding shares held in Treasury) calculation.
  6. The total number of Ordinary Shares of 50p each in the Company in issue, excluding 21,724,180 treasury shares registered in the Company’s name, at close of business on 11 May 2021 and the number used for the percentage of ISC voted was 668,015,439.

Resolution 4 was passed, with a majority 77.99% shareholder support for the re-election of Philip Aiken AM as a Director of the Company. The Board notes the result of this resolution which we understand has arisen due to concerns about board diversity. We engaged widely with shareholders during the year and will continue to do so. We will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the 2021 AGM.

In accordance with Listing Rule 9.6.2R, copies of each of Resolutions 14 to 20 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.