Pennon Group PLC

AGM Information • Jul 25, 2019

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RNS Number : 7739G

Pennon Group PLC

25 July 2019

PENNON GROUP PLC

Results of the Annual General Meeting held on 25 July 2019 at Sandy Park Conference Centre, Sandy Park Way, Exeter, EX2 7NN

The Directors are pleased to announce that the shareholders of Pennon Group plc at the Company's Annual General Meeting on Thursday 25 July 2019 passed on a show of hands all the resolutions as set out in the Notice of Annual General Meeting dated 17 June 2019.

The following table summarises the proxy voting instructions received from shareholders prior to the meeting. In total, valid proxy instructions were received in respect of 74.82% of the issued share capital, excluding shares held in treasury.

A copy of each of the resolutions passed by the Company, other than resolutions concerning ordinary business, will be submitted and made available for inspection from the National Storage Mechanism at www.morningstar.co.uk

A copy of this announcement has been posted on the Company's website at www.pennon-group.co.uk/investor-information/shareholder-services

RESOLUTION	VOTES FOR	% FOR	VOTES AGAINST	% AGAINST	VOTES WITHHELD
1.   To receive and adopt for the annual reports and accounts for the year ended 31 March 2019.	314,388,198	99.99%	19,498	0.01%	262,788
2.   To declare a final dividend in respect of the year ended 31 March 2019 of 28.22p for each ordinary share for payment on 3 September 2019.	314,552,018	99.96%	117,028	0.04%	1,438
3.   To approve the Directors' remuneration report.	311,271,238	99.31%	2,162,802	0.69%	1,236,442
4.   To re-elect Sir John Parker as a Director.	309,775,694	98.45%	4,868,745	1.55%	26,045
5.   To re-elect Neil Cooper as a Director.	311,415,254	98.98%	3,220,575	1.02%	34,655
6.   To re-elect Susan Davy as a Director.	311,422,499	98.98%	3,220,231	1.02%	27,754
7.   To elect Iain Evans as a Director.	314,303,005	99.89%	335,664	0.11%	31,815
8.   To re-elect Christopher Loughlin as a Director.	311,334,991	98.95%	3,310,740	1.05%	24,753
9.   To re-elect Gill Rider as a Director.	312,550,860	99.33%	2,096,322	0.67%	23,302
10.  To re-appoint Ernst & Young LLP as auditor of the Company.	313,507,153	99.64%	1,135,882	0.36%	27,449
11.  To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board.	313,291,425	99.57%	1,344,468	0.43%	34,591
12.  To authorise the Company and its subsidiaries to make political donations up to a specified limit.	304,667,733	97.92%	6,484,165	2.08%	3,518,586
13.  To grant the Directors authority to allot shares.	307,992,817	97.89%	6,653,454	2.11%	24,213
14.  To authorise the partial exclusion of pre-emption rights.	313,627,090	99.70%	956,882	0.30%	86,512
15.  To authorise the partial exclusion of pre-emption rights in connection with an acquisition or specified capital investment.	306,021,114	97.28%	8,546,411	2.72%	102,958
16.  To authorise the market purchase of the Company's shares.	313,022,757	99.53%	1,479,753	0.47%	167,973
17.  To authorise a general meeting other than an AGM to be called on 14 clear days' notice.	301,764,662	95.91%	12,867,715	4.09%	38,107
18.  To amend the Articles of Association to define the rights attached to the WaterShare+ Share	311,252,088	99.00%	3,155,825	1.00%	262,571
19.  To grant the Directors authority to issue the WaterShare+ Share	299,261,651	95.18%	15,159,124	4.82%	249,708

Notes

i)      The total votes cast in favour of each resolution includes those giving the Chairman discretion.

ii)     The percentage is rounded to two decimal places.

iii)    A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

iv)    Resolutions 14 to 18 are special resolutions.

v)     The total number of ordinary shares of 40.7p each in issue at the meeting date, excluding shares held in treasury, was 420,574,574.

25 July 2019

www.pennon-group.co.uk

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