Pennon Group PLC — AGM Information 2017

Jul 6, 2017

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RNS Number : 3683K

Pennon Group PLC

06 July 2017

PENNON GROUP PLC

AGM STATEMENT

Results of the Annual General Meeting held on 6 July 2017 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 6 July 2017 passed on a show of hands all the resolutions as set out in the Notice of Annual General Meeting dated 23 May 2017.

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 70.32% 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 2017.	292,818,208	99.99%	19,449	0.01%	27,052
2.   To declare a final dividend in respect of the year ended 31 March 2017 of 24.87p for each ordinary share for payment on 1 September 2017.	292,790,643	99.97%	80,988	0.03%	4,078
3.   To approve the Directors' remuneration report.	289,089,365	98.79%	3,551,749	1.21%	223,594
4.   To approve the Directors' remuneration policy.	286,546,279	97.92%	6,081,275	2.08%	237,155
5.   To re-elect Sir John Parker as a Director.	290,250,366	99.12%	2,574,868	0.88%	39,474
6.   To re-elect Martin Angle as a Director.	289,056,080	98.72%	3,760,798	1.28%	47,831
7.   To re-elect Neil Cooper as a Director.	291,925,993	99.69%	895,592	0.31%	43,124
8.   To re-elect Susan Davy as a Director.	291,337,857	99.49%	1,493,265	0.51%	33,587
9.   To re-elect Christopher Loughlin as a Director.	291,606,966	99.58%	1,226,208	0.42%	31,535
10.  To re-elect Gill Rider as a Director.	292,038,566	99.73%	789,665	0.27%	36,478
11.  To re-appoint Ernst & Young LLP as auditor of the Company.	292,143,100	99.77%	681,749	0.23%	39,860
12.  To authorise the Audit Committee to determine the remuneration of the auditor on behalf of the Board.	292,698,009	99.96%	120,250	0.04%	46,450
13.  To authorise the Company and its subsidiaries to make political donations up to a specified limit.	290,255,757	99.16%	2,445,277	0.84%	163,675
14.  To grant the Directors authority to allot shares.	281,266,420	96.34%	10,687,105	3.66%	911,184
15.  To approve the Pennon Group long-term incentive plan.	286,075,486	97.74%	6,601,858	2.26%	187,365
16.  To authorise the partial exclusion of pre-emption rights.	291,449,360	99.73%	777,895	0.27%	637,454
17.  To authorise the partial exclusion of pre-emption rights in connection with an acquisition or specified capital investment.	277,227,457	94.86%	15,011,293	5.14%	625,959
18.  To authorise the market purchase of the Company's shares.	290,210,954	99.10%	2,623,659	0.9%	30,096
19.  To authorise a general meeting other than an AGM to be called on 14 clear days' notice.	282,158,650	96.35%	10,677,588	3.65%	28,470

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 16 to 19 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 416,450,997.

6 July 2017

www.pennon-group.co.uk

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