Summary of the Annual General Meeting held on 28 July 2011 at Sandy Park Conference Centre, Sandy Park, Exeter, Devon
The Directors are pleased to announce that the shareholders of Pennon Group Plc at the Company's Annual General Meeting on Thursday, 28 July 2011 passed all the resolutions set out in the Notice of Annual General Meeting dated 22 June 2011.
The following table summarises the proxy votes received from shareholders prior to the meeting. The highest percentage of the issued share capital voted was approximately 65.72%. Votes withheld are not votes in law and have not been counted in the calculation of the votes.
Resolution 1: To receive and adopt for the year ended For 237,324,439
Against 24,741
Discretion 667,989
Withheld 552,234
Resolution 2: To declare a final dividend in respect of the year ended 31 March 2011 of 17.15p for each ordinary share of nominal value 40.7p for payment on 7 October 2011. For 237,352,606
Against 6,514
Discretion 663,246
Withheld 547,037
Resolution 3: To approve the Directors' remuneration report for the year ended 31 March 2011. For 236,355,981
Against 913,576
Discretion 665,830
Withheld 634,016
Resolution 4: To re-elect Mr K G Harvey as a Director. For 236,032,101
Against 1,242,639
Discretion 709,435
Withheld 585,228
Resolution 5: To re-elect Mr M D Angle as a Director. For 236,293,848
Against 965,778
Discretion 709,349
Withheld 600,428
Resolution 6: To re-elect Mr G D Connell as a Director. For 236,332,805
Against 929,936
Discretion 707,716
Withheld 598,946
Resolution 7: To re-elect Mr C I J H Drummond as a Director. For 236,314,173
Against 969,573
Discretion 698,612
Withheld 587,045
Resolution 8: To re-elect Mr D J Dupont as a Director. For 236,307,104
Against 981,856
Discretion 698,314
Withheld 582,129
Resolution 9: To re-elect Mr C Loughlin as a Director. For 236,316,356
Against 962,766
Discretion 706,495
Withheld 583,786
Resolution 10: To re-elect Ms D A Nichols as a Director. For 236,301,241
Against 983,870
Discretion 697,082
Withheld 587,210
Resolution 11: To reappoint PricewaterhouseCoopers LLP as auditors of the Company. For 223,186,974
Against 7,172,485
Discretion 692,115
Withheld 7,517,828
Resolution 12: To authorise the Directors to fix the remuneration of the Auditors. For 230,137,063
Against 4,815,507
Discretion 696,485
Withheld 2,920,348
Resolution 13: To authorise the Company and its subsidiaries to make political donations (precautionary authority). For 235,366,762
Against 1,701,414
Discretion 712,823
Withheld 788,404
Resolution 14: To authorise the renewal of the Pennon Group All - Employee Share Ownership Plan. For 236,547,591
Against 707,944
Discretion 707,141
Withheld 606,727
Resolution 15: To authorise the renewal of the Executive Share Option Scheme. For 234,216,007
Against 745,136
Discretion 732,932
Withheld 2,875,228
Resolution 16: To grant to Directors authority to allot shares. For 233,553,687
Against 1,749,185
Discretion 701,242
Withheld 2,565,289
Resolution 17: To authorise the partial exclusion of the statutory pre-emption rights. For 236,862,759
Against 302,579
Discretion 727,879
Withheld 676,186
Resolution 18: To authorise the market purchase of the Company's shares. For 236,730,420
Against 559,963
Discretion 693,273
Withheld 585,747
Resolution 19: To authorise a general meeting other than an Annual General Meeting to be called on 14 days' notice. For 232,043,664
Against 5,236,354
Discretion 707,731
Withheld 581,654
Two copies of all 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.hemscott.com/nsm.do.