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Result of AGM

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RNS Number : 4817K
AVEVA Group PLC
07 July 2017
 

AVEVA Group plc ("the Company")

 

Results of AGM

 

At the Company's Annual General Meeting held at 9.30 a.m. today, Friday 7 July 2017, all of the resolutions put to the meeting were passed on a poll vote. The results are set out below.

As announced on 6 July 2017, Resolution 19 was withdrawn following feedback received from shareholders so was not voted on at the Annual General Meeting.

The full text of all the resolutions can be found in the Notice of Annual General Meeting which is available for viewing at the National Storage Mechanism which can be located at http://www.morningstar.co.uk/uk/nsm and from the Company's website, www.aveva.com.

 


In Favour

Against

Total Votes Cast

 

Votes Withheld

Resolution

No. of Votes

%age of Votes

No. of Votes

%age of Votes

No. of Votes

%age of issued share capital voted

No. of Votes

1.   To receive the annual accounts of the Company and the reports of the Directors for the financial year ended 31 March 2017 together with the auditor's reports thereon.

48,258,909

98.82

574,442

1.18

49,229,753

76.95

396,402

2.   To approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy) for the financial year ended on 31 March 2017 as set out on pages 59 to 66 of the Annual Report and Accounts 2017.

35,968,139

74.17

12,526,840

25.83

49,229,752

76.95

734,773

3.   To approve the Directors' Remuneration Policy, which is contained in the Directors' Remuneration Report, as set out on pages 47 to 58 of the Annual Report of the Annual Report and Accounts 2017.

26,846,776

56.45

20,715,431

43.55

49,229,753

76.95

1,667,546

4.   To declare a final dividend of 27.0 pence per ordinary share in respect of the year ended 31 March 2017 to shareholders on the register of members at close of business on 7 July 2017 payable on 4 August 2017.

49,229,753

100.00

0

0.00

49,229,753

76.95

0

5.   To elect Christopher Humphrey as a Director of the Company.

45,718,831

92.87

3,508,720

7.13

49,229,753

76.95

2,202

6.   To elect Ron Mobed as a Director of the Company.

48,628,983

98.78

598,568

1.22

49,229,753

76.95

2,202

7.   To elect David Ward as a Director of the Company.

49,133,977

99.81

93,574

0.19

49,229,753

76.95

2,202

8.   To re-elect Philip Aiken as a Director of the Company.

42,860,498

89.08

5,256,526

10.92

49,229,753

76.95

1,112,729

9.   To re-elect James Kidd as a Director of the Company.

49,159,284

99.86

68,267

0.14

49,229,753

76.95

2,202

10. To re-elect Jennifer Allerton as a Director of the Company.

45,697,676

92.83

3,529,875

7.17

49,229,753

76.95

2,202

11. To reappoint Ernst & Young LLP as auditor of the Company.

48,165,513

97.84

1,063,733

2.16

49,229,753

76.95

507

12. To authorise the Directors to fix the remuneration of the auditor.

49,227,551

100.00

2,202

0.00

49,229,753

76.95

0

13. To authorise the Company to make market purchases pursuant to Section 701 of the Companies Act 2006.

48,565,054

98.65

664,699

1.35

49,229,753

76.95

0

14. To authorise the Directors to allot securities pursuant to Section 551 of the Companies Act 2006.

47,347,642

96.45

1,744,063

3.55

49,229,753

76.95

138,048

15. To empower the Directors to allot equity securities pursuant to Section 570 and 573 of the Companies Act 2006.

49,227,505

100.00

1,741

0.00

49,229,753

76.95

507

16. To allow 14 days' notice of general meetings.

48,081,387

97.67

1,148,365

2.33

49,229,752

76.95

0

17. To approve amendments to the rules of the AVEVA Group Long Term Incentive Plan 2014, the AVEVA Group Senior Employee Restricted Share Plan 2015 and the AVEVA Group Management Bonus Deferred Share Scheme 2008.

47,844,308

97.19

1,384,945

2.81

49,229,753

76.95

500

18. To approve amendments to the rules of the AVEVA Group Senior Employee Restricted Share Plan 2015 to allow awards to be granted to PDMRs (other than directors of the Company).

45,451,987

92.33

3,777,766

7.67

49,229,753

76.95

0

 

 

The Company notes the significant number of votes cast against:

-      Resolution 2, the advisory vote on the Directors' Remuneration Report; and

 

-      Resolution 3, the binding vote on the Directors' Remuneration Policy;

 

(the "Resolutions").

 

The Company has noted that the Resolutions are duly passed under the Companies Act 2006.

Nonetheless in view of the significant proportion of votes cast against the Resolutions and the Company's obligations under the UK Corporate Governance Code, the Company takes its responsibility to engage with investors seriously and, therefore, will conduct a thorough assessment of the feedback received.

The total number of shares in issue at the voting date is 63,975,869.   A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of votes for and against the resolution.

 

Enquires:

Telephone:

AVEVA Group plc

 

David Ward, Chief Financial Officer

+44 (0)1223 556655

Claire Denton, Company Secretary

+44 (0)1223 556655

 

FTI Consulting

Telephone:

Ed Bridges/Dwight Burden

+44 (0)20 3727 1400

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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