TIDMAVV
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As announced on 6 July 2017, Resolution 19 was withdrawn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 Votes
Cast Withheld
Resolution No. %age No. %age No. %age No. of
of Votes of of of of Votes of issued Votes
Votes Votes Votes share
capital
voted
----------- ------- ----------- ------- ----------- ---------- ----------
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
END
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