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RNS Number : 6995B
Severn Trent PLC
06 June 2023
Severn Trent Plc
Annual Report and Notice of Annual General Meeting
Severn Trent Plc (the 'Company') announces that it has today
published its 2023 Annual Report and Notice of Annual General
Meeting ('AGM').
Copies of the following documents have been submitted to the
Financial Conduct Authority's Electronic Submission Service and may
shortly be viewed on the National Storage Mechanism at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
-- Annual Report and Accounts 2023;
-- Notice of AGM; and
-- Form of Proxy.
The 2023 Annual Report and Accounts and Notice of AGM are
available on the Severn Trent Plc website at www.severntrent.com
.
Our 2023 Annual General Meeting (the 'AGM') is to be held on
Thursday 6 July 2023 at 10.00am at the Severn Trent Academy,
Hawksley Park, St. Martins Road, Finham, Coventry, CV3 6PR.
Following the success of our annual general meetings in 2021 and
2022, shareholders will be able to follow the business of the
meeting by virtual means again this year. Those joining virtually
will be able to log into a live webcast and pose questions to the
Board in real time.
Shareholders intending to view the AGM electronically are
reminded to submit their proxy vote (appointing the Chair of the
meeting or another person able to attend the AGM in person as
proxy) in advance of the AGM as online voting will not be available
on the day of the AGM.
Shareholders are also able to submit questions in writing
through our website in advance of the AGM. In accordance with
corporate governance best practice, the Board will seek to respond
to questions received through the website by close of business on
Monday 26 June 2023, on or before Friday 30 June 2023, ahead of the
proxy voting deadline on Tuesday 4 July 2023.
Questions received and the Company's responses will be published
on the Company's website https://www.severntrent.com/
shareholder-centre/annual-general-meetings/.
The Annual Report and Accounts 2023 for Severn Trent Water
Limited will be available to view on Severn Trent Water's website
shortly at www.stwater.co.uk .
The Appendix to this announcement contains additional
information for the purposes of compliance with the Disclosure and
Transparency Rules and should be read together with the Preliminary
Results Announcement issued on 24 May 2023 in respect of the
financial year ended 31 March 2023 which included, inter alia, a
condensed set of the Company's financial statements and extracts
from the management report. Together these constitute the
information required by DTR 6.3.5 to be communicated to media in
full unedited text. This announcement should be read in conjunction
with and is not a substitute for reading the full Annual Report and
Accounts 2023.
The responsibility statement set out in the Appendix is repeated
here solely for the purpose of complying with DTR 6.3.5. The
responsibility statement relates to and is extracted from page 168
of the Annual Report and Accounts 2023. Responsibility is for the
full Annual Report and Accounts 2023 not the extracted information
presented in this announcement and the Preliminary Results
Announcement.
Appendix
Directors' responsibility statement
The Directors are responsible for preparing the Annual Report
and the financial statements in accordance with applicable law and
regulations. Company law requires the Directors to prepare
financial statements for each financial year.
Under that law, the Directors are required to prepare the Group
financial statements in accordance with United Kingdom adopted
International Financial Reporting Standards ('IFRSs'), and have
elected to prepare the Company financial statements in accordance
with United Kingdom Generally Accepted Practice (United Kingdom
Accounting Standards and applicable law) including FRS 101 'Reduced
Disclosure Framework'.
Under company law, the Directors must not approve the Annual
Report and financial statements unless they are satisfied that they
give a true and fair view of the state of affairs of the Company
and of the profit or loss of the Company for the year.
In preparing the parent company financial statements, the
Directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been
followed, subject to any material departures disclosed and
explained in the financial statements; and
- prepare the financial statements on the going concern basis
unless it is inappropriate to presume that the Company will
continue in business.
In preparing the Group financial statements, International
Accounting Standard 1 requires that Directors:
- properly select and apply accounting policies;
- present information, including accounting policies, in a
manner that provides relevant, reliable, comparable and
understandable information;
- provide additional disclosures when compliance with the
specific requirements in IFRSs are insufficient to enable users to
understand the impact of particular transactions, other events and
conditions on the entity's financial position and financial
performance; and
- make an assessment of the Company's ability to continue as a going concern.
The Directors are responsible for keeping adequate accounting
records that are sufficient to show and explain the Company's
transactions and disclose with reasonable accuracy at any time the
financial position of the Company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and
hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity
of the corporate and financial information included on the
Company's website. Legislation in the UK governing the preparation
and dissemination of financial statements may differ from
legislation in other jurisdictions.
Each of the Directors confirm that to the best of their
knowledge:
- the financial statements, prepared in accordance with the
relevant financial reporting framework, give a true and fair view
of the assets, liabilities, financial position and profit or loss
of the Company and the undertakings included in the consolidation
taken as a whole;
- the Strategic Report includes a fair review of the development
and performance of the business and the position of the Company and
the undertakings included in the consolidation taken as a whole,
together with a description of the Principal Risks and
uncertainties that they face; and
- the Annual Report and financial statements, taken as a whole,
are fair, balanced and understandable, and provide the information
necessary for shareholders to assess the Company's position and
performance, business model and strategy.
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END
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June 06, 2023 02:00 ET (06:00 GMT)
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