Balfour Beatty plc (the “Company”) announces that, at its Annual General Meeting (“AGM”) held earlier today, the resolutions set out in the Notice of AGM dated 25 March 2014 were passed following a poll on each resolution, with the exception of Resolution 10, which was withdrawn.
The results of the polls were as follows:
| For | Against | Votes Withheld | |
|---|---|---|---|
| Resolution 1: To adopt the Directors’ report and accounts for the year ended 31 December 2013 | 438,859,325 (99.96%) |
194,645 (0.04%) |
7,708,991 |
| Resolution 2: To approve the Directors’ remuneration report for the year ended 31 December 2013 | 402,287,275 (92.24%) |
33,836,389 (7.76%) |
10,640,145 |
| Resolution 3: To approve the Directors’ Remuneration Policy | 428,310,747 (97.22%) |
12,241,834 (2.78%) |
6,211,232 |
| Resolution 4: To declare a final dividend on the ordinary shares of the Company | 442,630,249 (99.88%) |
531,203 (0.12%) |
3,603,509 |
| Resolution 5: To re-elect Mr S Marshall as a Director | 422,512,645 (95.36%) |
20,548,372 (4.64%) |
3,695,449 |
| Resolution 6: To re-elect Mr R M Amen as a Director | 441,882,003 (99.74%) |
1,153,169 (0.26%) |
3,721,295 |
| Resolution 7: To re-elect Mr I G T Ferguson CBE as a Director | 416,191,590 (95.23%) |
20,852,318 (4.77%) |
9,711,406 |
| Resolution 8: To re-elect Mrs V M Kempston Darkes as a Director | 434,748,553 (99.46%) |
2,349,354 (0.54%) |
9,658,559 |
| Resolution 9: To re-elect Mr D J Magrath as a Director | 441,537,717 (99.65%) |
1,551,158 (0.35%) |
3,674,229 |
| Resolution 10: To re-elect Mr A J McNaughton as a Director (Note 1) | - | - | - |
| Resolution 11: To elect Ms B J Richards as a Director | 441,910,283 (99.74%) |
1,142,579 (0.26%) |
3,701,605 |
| Resolution 12: To re-elect Mr G C Roberts as a Director | 441,047,075 (99.55%) |
2,006,055 (0.45%) |
3,701,337 |
| Resolution 13: To elect Mr W G Thomas as a Director | 441,905,487 (99.74%) |
1,135,620 (0.26%) |
3,713,360 |
| Resolution 14: To re-elect Mr P J L Zinkin as a Director | 441,924,971 (99.74%) |
1,139,782 (0.26%) |
3,696,351 |
| Resolution 15: To reappoint Deloitte LLP as auditor | 421,111,264 (99.16%) |
3,547,045 (0.84%) |
22,106,618 |
| Resolution 16: To authorise the Directors to determine the remuneration of the auditor | 426,482,684 (99.03%) |
4,194,235 (0.97%) |
16,086,042 |
| Resolution 17: To authorise the Company and its UK subsidiaries to incur political expenditure | 438,274,732 (98.93%) |
4,735,466 (1.07%) |
3,752,763 |
| Resolution 18: To authorise the Directors to allot shares | 429,315,982 (96.89%) |
13,764,639 (3.11%) |
3,675,703 |
| Resolution 19: To authorise the Directors to allot shares for cash | 427,341,404 (96.45%) |
15,724,539 (3.55%) |
3,692,381 |
| Resolution 20: To renew the authority for the Company to purchase its own ordinary and preference shares | 440,580,908 (99.76%) |
1,076,211 (0.24%) |
5,107,842 |
| Resolution 21: To authorise the Company to hold general meetings, other than an Annual General Meeting, on 14 clear days’ notice | 412,475,155 (93.08%) |
30,657,159 (6.92%) |
3,638,842 |
Notes:
- Resolution 10 regarding the re-election of Mr A J McNaughton as a Director was withdrawn following the Company’s announcement on 6 May 2014 that he had resigned as Director of the Company with immediate effect.
- 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.
- Resolutions 19 to 21 were each passed as Special Resolutions.
In accordance with Listing Rule 9.6.2R, copies of each of Resolutions 17 to 21 will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.
