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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