TIDMSVT
RNS Number : 7084R
Severn Trent PLC
07 July 2022
LEI: 213800RPBXRETY4A4C59
Severn Trent Plc
(the "Company")
Results of the Annual General Meeting held on 7 July 2022, and
PR24 draft methodology
Results of the Annual General Meeting
At the Annual General Meeting of Severn Trent Plc held on 7 July
2022, all the resolutions set out in the Notice of Meeting were
approved by the shareholders which were voted by way of a poll. The
total number of votes received for each resolution is set out
below.
The Directors are pleased to announce that the shareholders of
Severn Trent Plc passed all the resolutions that were proposed at
this year's Annual General Meeting.
Resolutions 1 to 16 were passed as ordinary resolutions and
resolutions 17 to 21 were passed as special resolutions.
In accordance with Listing Rule 9.6.2, a copy of the resolutions
passed at the Meeting, other than resolutions concerning ordinary
business, will shortly be available for inspection at the National
Storage Mechanism, located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
In total, 78.05% of the issued share capital, excluding shares
held in treasury, was voted and the percentages shown below are
rounded to two decimal places.
PR24 draft methodology
This morning Ofwat, the economic regulator of the water sector
in England and Wales, released its draft methodology for the 2024
price review ('PR24').
We are currently reviewing the methodology document and will
host a call at 4pm BST on Tuesday 12 July 2022 to share our key
takeaways. You can access the call via our website at
severntrent.com.
www.severntrent.com
Results of Annual General Meeting
RESOLUTION VOTES FOR % OF VOTES AGAINST % OF VOTES CAST TOTAL VOTES VOTES WITHHELD
VOTES VOTES IN TOTAL CAST AS A %
CAST CAST OF ISSUED SHARE
CAPITAL
Receive the
Report and
Accounts for
the year ended
1 31 March 2022 195,924,201 99.97 62,447 0.03 195,986,648 78.02% 116,273
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Approve the
Directors'
Remuneration
2 Report 179,181,598 95.06 9,316,047 4.94 188,497,645 75.04% 7,605,276
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Declare a final
ordinary
dividend in
respect of
the year ended
31 March
3 2022 195,600,654 99.77 454,607 0.23 196,055,261 78.05% 47,660
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Reappoint Kevin
4 Beeston 193,751,191 98.85 2,247,599 1.15 195,998,790 78.03% 103,731
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Reappoint James
5 Bowling 195,895,801 99.95 106,017 0.05 196,001,818 78.03% 100,703
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Reappoint John
6 Coghlan 193,752,149 98.85 2,247,667 1.15 195,999,816 78.03% 102,705
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Appoint Tom
7 Delay 195,925,817 99.96 70,556 0.04 195,996,373 78.02% 106,148
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Reappoint
8 Olivia Garfield 195,924,445 99.96 82,463 0.04 196,006,908 78.03% 95,613
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Reappoint
Christine
9 Hodgson 193,645,294 98.80 2,358,611 1.20 196,003,905 78.03% 98,616
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Reppoint
Sharmila
10 Nebhrajani 193,739,655 98.85 2,262,330 1.15 196,001,985 78.03% 100,536
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Reappoint
11 Philip Remnant 193,603,948 98.84 2,272,334 1.16 195,876,282 77.98% 226,239
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Appoint Gillian
12 Sheldon 195,928,942 99.96 71,447 0.04 196,000,389 78.03% 102,132
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Reappoint
Deloitte LLP
as Auditor of
13 the Company 193,672,074 98.80 2,361,871 1.20 196,033,945 78.04% 68,976
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Authorise the
Audit and
Risk Committee
to determine
the
remuneration of
the
14 Auditor 194,397,305 99.17 1,626,581 0.83 196,023,886 78.04% 79,035
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Authorise
political
donations
and political
15 expenditure 181,324,666 98.33 3,087,765 1.67 184,412,431 73.41% 11,690,490
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Renew the
Company's
authority
16 to allot shares 189,304,071 96.57 6,716,858 3.43 196,020,929 78.03% 81,990
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Disapply
pre-emption
rights
generally,
including on
up to five per
cent of
the issued
17 share capital 193,745,506 99.78 423,109 0.22 194,168,615 77.30% 1,934,306
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Disapply
pre-emption
rights
on up to an
additional
five per cent
of the issued
share capital
in connection
with an
acquisition or
specified
capital
18 investment 193,542,109 99.18 1,592,023 0.82 195,134,132 77.68% 968,789
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Authorise the
Company to
make market
purchases of
its Ordinary
19 Shares 194,959,688 99.50 974,471 0.50 195,934,159 78.00% 168,762
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Approve
proposed
amendments
to the Articles
20 of Association 190,821,975 97.37 5,147,178 2.63 195,969,153 78.01% 133,768
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Authorise
general
meetings
of the Company,
other than
Annual General
Meetings,
to be called on
not less
than 14 clear
21 days' notice 186,960,483 95.37 9,067,302 4.63 196,027,785 78.04% 75,136
---------------- ------------ ------- -------------- ------- ------------ ---------------- ---------------
Notes
1. Any proxy appointments which gave discretion to the Chair
have been included in the "for" total.
2. 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.
3. Issued ordinary share capital (excluding shares held in
treasury) at 7 July 2022: 251,196,960 shares.
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END
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