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.