PPL (PPL) AGM 2025 summary

Opening remarks and agenda

• Meeting held virtually to increase access and participation, allowing electronic voting and questions from shareholders.

• Attendees included the full leadership council, board members, and representatives from Deloitte & Touche LLP.

• Agenda included three management proposals and one shareholder proposal, followed by a business update and Q&A session.

Board and executive committee updates

• Board consists of 10 directors, 9 of whom are independent, with ongoing refreshment to ensure diverse perspectives and continuity.

• Board size and composition are regularly reviewed to align with best practices and company needs.

Shareholder proposals

• Shareholder proposal requested independent evaluation of greenhouse gas reduction targets relative to the Paris Agreement.

• Proposal highlighted concerns about the adequacy and methodology of current targets and urged third-party assessment.

• Board recommended voting against the proposal.