TIDMKIE
RNS Number : 8790W
Kier Group PLC
17 November 2017
KIER GROUP PLC
RESULT OF ANNUAL GENERAL MEETING
Kier Group plc (the "Company") is pleased to announce that all
the resolutions proposed at its Annual General Meeting on 17
November 2017 were voted on, and passed, by way of a poll. The
results of the poll for each resolution were as follows:
Resolution Total % Votes % votes Votes % votes Votes
votes voted(2) for for(3) against against(3) withheld(1)
validly
cast(1)
---------------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To receive the
annual report and
accounts for the
year ended 30 June
1 2017 57,335,503 58.83 56,884,975 99.21 450,528 0.79 4,298
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To approve the
directors'
remuneration
2 policy 49,993,862 51.30 45,132,928 90.28 4,860,934 9.72 7,311,115
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To approve the
directors'
remuneration
report for the
year ended 30 June
3 2017 50,805,384 52.13 32,021,380 63.03 18,784,004 36.97 6,534,417
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To declare a final
dividend of 45.0p
per share for the
year ended 30 June
4 2017 57,338,801 58.83 57,321,517 99.97 17,284 0.03 1,000
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To elect Mr P G
5 Cox as a director 57,315,210 58.81 51,900,356 90.55 5,414,854 9.45 24,591
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mr
J R Atkinson as
6 a director 57,314,708 58.81 52,006,810 90.74 5,307,898 9.26 25,093
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mrs
C F Baroudel as
7 a director 57,313,850 58.81 52,022,633 90.77 5,291,217 9.23 25,951
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mrs
A K Bashforth as
8 a director 57,326,745 58.82 51,999,367 90.71 5,327,378 9.29 13,056
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mr
N P Brook as a
9 director 57,319,025 58.81 57,043,700 99.52 275,325 0.48 20,776
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mr
B E J Dew as a
10 director 57,314,607 58.81 56,976,069 99.41 338,538 0.59 25,194
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mr
H J Mursell as
11 a director 57,315,895 58.81 56,995,819 99.44 320,076 0.56 23,906
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mr
N A Turner as a
12 director 57,328,257 58.82 57,067,496 99.55 260,761 0.45 11,544
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mr
C Veritiero as
13 a director 57,328,358 58.82 57,087,156 99.58 241,202 0.42 11,443
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mr
A C Walker as a
14 director 57,312,344 58.81 52,008,437 90.75 5,303,907 9.25 27,457
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-elect Mr
N P Winser as a
15 director 57,327,460 58.82 51,988,410 90.69 5,339,050 9.31 12,341
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To re-appoint PwC
16 LLP as auditor 57,336,239 58.83 57,302,096 99.94 34,143 0.06 3,562
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To authorise the
directors to agree
the remuneration
17 of the auditor 57,334,082 58.83 57,304,017 99.95 30,065 0.05 5,719
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To authorise the
directors to allot
18 shares 57,313,939 58.81 57,014,156 99.48 299,783 0.52 25,862
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To authorise the
directors to disapply
19 pre-emption rights 57,307,259 58.80 56,949,012 99.37 358,247 0.63 32,542
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To authorise the
directors to disapply
pre-emption rights
- limited to an
acquisition or
specified capital
20 investment 57,302,346 58.80 54,591,389 95.27 2,710,957 4.73 37,455
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To approve an
amendment
to the Kier Group
plc 2010 Long Term
21 Incentive Plan 57,209,305 58.70 56,267,668 98.35 941,637 1.65 130,496
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
To authorise the
Company to call
general meetings,
other than an annual
general meeting,
on not less than
14 clear days'
22 notice 57,317,407 58.81 54,430,416 94.96 2,886,991 5.04 22,494
--- ----------------------- ----------- ---------- ----------- -------- ----------- ------------ -------------
Notes:
1. A vote withheld is not a vote in law and is not counted in
the calculation of the proportion of votes validly cast.
2. Expressed as a percentage of the total issued share capital
on 15 November 2017. The number of ordinary shares in issue on 15
November 2017 was 97,459,951.
3. Expressed as a percentage of all votes validly cast (and does not include votes withheld).
Shareholders are entitled to one vote per share. Resolutions 1
to 18 (inclusive) were passed as ordinary resolutions and
resolutions 19 to 22 (inclusive) were passed as special
resolutions.
Resolution 2 (directors' remuneration policy) was passed with
90.28% votes in favour.
Resolution 3 (directors' remuneration report) was passed with
63.03% votes in favour.
The Board notes the level of opposition to resolution 3 and
understands that a number of shareholders disagreed with the
decision of the Remuneration Committee (the 'Committee') to award
the Chief Executive an increase of 5% to his base salary from 1
July 2017, noting the pay increases awarded to him in recent years.
This year, the Committee reviewed the Chief Executive's base salary
in the context of revising the directors' remuneration policy. The
Committee is satisfied that the Chief Executive's base salary
reflects the progress made against Kier's Vision 2020 strategy and
is now competitive. As a result, and having taken into
consideration the average increases awarded across the Group, the
Committee does not expect to approve significant increases in the
base salary of the Chief Executive during the life of the new
remuneration policy. If circumstances arise in which the Committee
considers such an increase to be appropriate, it will engage with
shareholders before making its final decision.
A copy of all resolutions passed, other than those concerning
ordinary business, will today be submitted to the National Storage
Mechanism in accordance with Listing Rule 9.6.2. These resolutions
will shortly be available for inspection at:
www.morningstar.co.uk/uk/NSM.
The Kier Group plc Legal Entity Identifier is
2138002RKCU2OM4Y7O48.
For enquiries please contact:
Beth Melges
Deputy Company Secretary
Tel: +44(0)1767 640 111
This information is provided by RNS
The company news service from the London Stock Exchange
END
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