Bellway PLC has announced the results of its Annual General Meeting (AGM) held on December 15, 2023. Shareholders passed all of the ordinary and special resolutions by the required majorities on a poll. The full text of each resolution can be found in the Notice of AGM on the company's website. The total number of votes cast for each resolution is provided in the table.
The resolutions covered various matters, including the adoption of the Accounts, Directors' Report, Auditor's Report, and Remuneration Report. Shareholders also approved the declaration of a final dividend and the re-election of several directors, including Mr. J Tutte, Mr. J M Honeyman, Mr. K D Adey, Ms. J Caseberry, Mr. I McHoul, and Ms. S Whitney.
Additionally, shareholders authorized the appointment of Ernst & Young LLP as the company's auditor and granted authority to the Audit Committee to agree on the auditor's remuneration. The directors were also given the authority to allot shares, and the terms of the Performance Share Plan (PSP) and the rule of the Share Retention Scheme for Operating Staff (SRSOS) were approved.
Furthermore, shareholders voted to exclude the application of pre-emption rights to the allotment of equity securities, subject to the approval of another resolution. They also authorized market purchases of the company's own ordinary shares and allowed the company to hold general meetings (other than AGMs) at 14 days' notice.
The total number of votes cast was 96,869,491, and the number of shares in issue and voting rights was 119,445,971. The AGM was attended by 2,232 shareholders.
In compliance with Listing Rule 9.6.2, copies of the resolutions passed at the AGM (excluding ordinary business resolutions) have been uploaded to the National Storage Mechanism and can be inspected at the provided link.
For any queries, Simon Scougall, Group General Counsel and Company Secretary of Bellway PLC, can be contacted.