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Balfour Beatty Plc
Balfour Beatty PLC - Result of AGM
9th May 2024, 10:03
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RNS Number : 8103N
Balfour Beatty PLC
09 May 2024
 

Balfour Beatty plc (the 'Company')

AGM Results

9 May 2024

 

Balfour Beatty plc announces that, at its Annual General Meeting ('AGM') held on 9 May 2024, the resolutions set out in the Notice of AGM dated 3 April 2024 were passed following a poll on each resolution.

 

Resolutions 1 to 16 were passed as Ordinary Resolutions and Resolutions 17 to 19 were passed as Special Resolutions. The table below details votes cast on each resolution.

 

 

Votes For

And

Discretionary

%

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 2023

403,896,833

100.00

4,872

0.00

403,901,705

735,025

76.13%

Resolution 2:

To approve the Directors' Remuneration Report for the year ended 31 December 2023

387,412,981

95.76

17,154,779

4.24

404,567,760

68,970

76.26%

Resolution 3:

To declare a final dividend of 8.0p per ordinary share of the Company

404,579,757

99.99

54,913

0.01

404,634,670

2,060

76.27%

Resolution 4:

To re-elect Mr C Allen, Lord Allen of Kensington CBE as a Director

326,115,000

85.23

56,528,444

14.77

382,643,444

21,987,157

72.13%

Resolution 5:

To elect Ms G Costigan MBE as a Director

 

 

 

399,593,474

98.77

4,968,896

1.23

404,562,370

74,360

76.26%

Resolution 6:

To re-elect Ms A Drinkwater as a Director

 

383,527,226

94.79

21,087,406

5.21

404,614,632

22,098

76.27%

Resolution 7:

To re-elect Ms L J Hardy as a Director

398,083,960

98.39

6,529,817

1.61

404,613,777

22,953

76.27%

Resolution 8:

To re-elect Mr P J Harrison as a Director

403,323,236

99.68

1,281,452

0.32

404,604,688

25,913

76.27%

Resolution 9:

To re-elect Mr M A Lucki as a Director

404,442,410

99.96

167,554

0.04

404,609,964

26,766

76.27%

Resolution 10:

To elect Mr R J MacLeod as a Director

404,512,806

99.99

34,785

0.01

404,547,591

88,362

76.26%

Resolution 11:

To re-elect Ms B J Moorhouse as a Director

397,895,674

98.34

6,715,318

1.66

404,610,992

25,738

76.27%

Resolution 12:

To re-elect Mr L M Quinn as a Director

399,561,489

98.75

5,053,697

1.25

404,615,186

21,544

76.27%

Resolution 13:

To reappoint KPMG LLP as auditor

394,217,558

97.44

10,339,430

2.56

404,556,988

79,691

76.26%

Resolution 14:

To authorise the Directors to determine the remuneration of the auditor

404,546,911

99.99

60,665

0.01

404,607,576

29,154

76.27%

Resolution 15:

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

394,122,724

97.41

10,486,005

2.59

404,608,729

28,001

76.27%

Resolution 16:

To authorise the Directors to allot shares

384,775,156

98.17

7,191,477

1.83

391,966,633

12,670,097

73.88%

Resolution 17:

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

384,999,682

95.15

19,610,804

4.85

404,610,486

25,975

76.27%

Resolution 18:

To authorise the Company to purchase its own ordinary shares

383,761,522

94.88

20,730,100

5.12

404,491,622

144,839

76.24%

Resolution 19:

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

389,501,780

96.27

15,108,292

3.73

404,610,072

26,389

76.27%

 

 

Notes:

1.    The "for" votes include those giving the Chair 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 13,630,074 treasury shares registered on the share register in the Company's name, at close of business on 7 May 2024 and the number used for the percentage of ISC voted was 530,517,528.

  

In accordance with Listing Rule 9.6.2R, copies of resolutions other than those concerning ordinary business passed at the Annual General Meeting 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 companysecretary@balfourbeatty.com should you have any queries regarding this announcement.

 

 

 

General enquiries:

Contact and telephone number for queries

Duly authorised officer of issuer responsible for making notification:

 

Tracey Wood, Group General Counsel and Company Secretary

Tel. +44 (0)20 7216 6800

 

Investor and analyst enquiries:

Jim Ryan

Tel. +44 (0) 7858 368527

jim.ryan@balfourbeatty.com

Media enquiries: 

Antonia Walton
Tel. +44 (0) 7966 929 633
 antonia.walton@balfourbeatty.com

 

Notes to editors:

·    Balfour Beatty is a leading international infrastructure group with 26,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.

·    We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

·    Over the last 114 years we have created iconic buildings and infrastructure all over the world. Currently, we are working to deliver Hinkley Point C, the first UK nuclear power station in a generation; constructing the world-class arts and cultural facility, the Lyric Theatre, in Hong Kong; and designing, building, financing, operating and maintaining the Automated People Mover superstructure at the fifth busiest airport in the world, Los Angeles International Airport.

 

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

 

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