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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Aveva Group Plc | LSE:AVV | London | Ordinary Share | GB00BBG9VN75 | ORD 3 5/9P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3,219.00 | 3,219.00 | 3,220.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMAVV
RNS Number : 8404E
AVEVA Group PLC
08 July 2019
AVEVA Group plc ("the Company")
2019 Annual General Meeting ("AGM") Results
At the Company's Annual General Meeting held at 9.30 a.m. today, Monday 8 July 2019, all of the resolutions put to the meeting were passed on a poll vote. The results are set out below.
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.
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In Favour (including Against Total Votes Votes
Discretionary) Cast Withheld
Resolution No. of % of No. of % of No. of % of issued No. of
Votes Votes Votes Votes Votes share Votes
capital
voted
-------------- ------- ----------- ------- ------------ ----------- ----------
1. To receive the
annual accounts
of the Company and
the reports of the
Directors for the
financial year ended
31 March 2019 together
with the auditor's
reports thereon. 149,742,763 100.00 3,660 0.00 149,746,423 92.84 49,918
-------------- ------- ----------- ------- ------------ ----------- ----------
2. To approve the
Directors' Remuneration
Report (other than
the part containing
the Directors' Remuneration
Policy) for the
financial year ended
on 31 March 2019
as set out on pages
60 to 63 and 72
to 79 of the Annual
Report and Accounts
2019. 117,496,525 78.97 31,296,986 21.03 148,793,511 92.25 1,002,830
-------------- ------- ----------- ------- ------------ ----------- ----------
3. To declare a
final dividend of
29.0 pence per ordinary
share in respect
of the year ended
31 March 2019 to
shareholders on
the register of
members at close
of business on 5
July 2019 payable
on 2 August 2019. 149,754,544 99.97 40,000 0.03 149,794,544 92.87 1,797
-------------- ------- ----------- ------- ------------ ----------- ----------
4. To re-elect Craig
Hayman as a Director
of the Company. 149,592,231 99.87 199,718 0.13 149,791,949 92.87 4,392
-------------- ------- ----------- ------- ------------ ----------- ----------
5. To re-elect Emmanuel
Babeau as a Director
of the Company. 129,239,806 86.40 20,350,141 13.60 149,589,947 92.75 206,394
-------------- ------- ----------- ------- ------------ ----------- ----------
6. To re-elect Peter
Herweck as a Director
of the Company. 148,506,576 99.14 1,285,373 0.86 149,791,949 92.87 4,392
-------------- ------- ----------- ------- ------------ ----------- ----------
7. To re-elect Philip
Aiken as a Director
of the Company. 139,159,223 93.84 9,128,920 6.16 148,288,143 91.94 1,508,198
-------------- ------- ----------- ------- ------------ ----------- ----------
8. To re-elect James
Kidd as a Director
of the Company. 149,186,545 99.60 605,404 0.40 149,791,949 92.87 4,392
-------------- ------- ----------- ------- ------------ ----------- ----------
9. To re-elect Jennifer
Allerton as a Director
of the Company. 142,938,936 96.34 5,437,418 3.66 148,376,354 91.99 1,419,987
-------------- ------- ----------- ------- ------------ ----------- ----------
10. To re-elect
Christopher Humphrey
as a Director of
the Company. 145,305,659 97.00 4,486,290 3.00 149,791,949 92.87 4,392
-------------- ------- ----------- ------- ------------ ----------- ----------
11. To re-elect
Rohinton Mobed as
a Director of the
Company. 146,323,095 97.68 3,468,854 2.32 149,791,949 92.87 4,392
-------------- ------- ----------- ------- ------------ ----------- ----------
12. To elect Paula
Dowdy as a Director
of the Company. 149,789,626 100.00 2,323 0.00 149,791,949 92.87 4,392
-------------- ------- ----------- ------- ------------ ----------- ----------
13. To reappoint
Ernst & Young LLP
as auditor of the
Company. 147,797,966 98.67 1,996,078 1.33 149,794,044 92.87 2,297
-------------- ------- ----------- ------- ------------ ----------- ----------
14. To authorise
the Directors to
fix the remuneration
of the auditor. 148,676,709 99.25 1,117,835 0.75 149,794,544 92.87 1,797
-------------- ------- ----------- ------- ------------ ----------- ----------
15. To authorise
the Company to make
market purchases
pursuant to Section
701 of the Companies
Act 2006. 147,647,724 98.63 2,047,518 1.37 149,695,242 92.81 101,099
-------------- ------- ----------- ------- ------------ ----------- ----------
16. To authorise
the Directors to
allot securities
pursuant to Section
551 of the Companies
Act 2006. 147,287,264 98.33 2,506,656 1.67 149,793,920 92.87 2,421
-------------- ------- ----------- ------- ------------ ----------- ----------
17. To empower the
Directors to allot
equity securities
pursuant to Section
570 and 573 of the
Companies Act 2006. 149,791,903 100.00 2,017 0.00 149,793,920 92.87 2,421
-------------- ------- ----------- ------- ------------ ----------- ----------
18. To allow 14
days' notice of
general meetings. 147,994,646 98.80 1,799,497 1.20 149,794,143 92.87 2,198
-------------- ------- ----------- ------- ------------ ----------- ----------
The total number of shares in issue at the voting date is 161,291,460. 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.
Votes of Independent Shareholders (i.e. shareholders excluding the controlling shareholder, Schneider Electric SE) on the resolutions concerning the election and re-election of the independent non-executive directors
In Favour (including Against Total Votes Cast Votes
Discretionary) Withheld
Resolution No. of % of No. of % of No. of % of Independent No. of
Votes Votes Votes Votes Votes issued share Votes
capital
voted
------------- -------- ---------- ------- ----------- ---------------- ----------
9. To re-elect
Jennifer Allerton
as a Director of
the Company. 45,769,281 89.38 5,437,418 10.62 51,206,699 79.86 1,419,987
------------- -------- ---------- ------- ----------- ---------------- ----------
10. To re-elect
Christopher Humphrey
as a Director of
the Company. 48,136,004 91.47 4,486,290 8.53 52,622,294 82.07 4,392
------------- -------- ---------- ------- ----------- ---------------- ----------
11. To re-elect
Rohinton Mobed
as a Director of
the Company. 49,153,440 93.41 3,468,854 6.59 52,622,294 82.07 4,392
------------- -------- ---------- ------- ----------- ---------------- ----------
12. To elect Paula
Dowdy as a Director
of the Company. 52,619,971 100.00 2,323 0.00 52,622,294 82.07 4,392
------------- -------- ---------- ------- ----------- ---------------- ----------
The total number of shares held by independent shareholders, excluding the controlling shareholder, in issue at the voting date is 64,121,805.
The votes shown in the first table above for each independent director include those of the controlling shareholder. In the second table above, the controlling shareholder is not included.
Since the completion of the combination with the Software business of Schneider Electric, the Company has created approximately GBP3 billion in shareholder value and has now entered the FTSE100.
This has been achieved by steering substantial change and rapid development in the business over this period with the recruitment of a new CEO, the retention of key executives, the creation of a new, shared culture and the reshaping of the leadership team. This did necessitate the use of a retention bonus for our CFO and a buyout equity award to recruit our new CEO which some shareholders did not feel they could support and the Board and the Remuneration Committee notes that there was a level of opposition votes from shareholders on Resolution 2 of more than 20 percent.
As in 2018, the Board has engaged extensively with shareholders ahead of the Annual General Meeting on these legacy remuneration issues and increased disclosure and transparency of incentive scheme targets, obtaining some very helpful and constructive input. The Company recognises the push for more transparency regarding incentive scheme targets and will review this for future Remuneration reports, while balancing increased disclosure with the need to protect any commercially sensitive areas of strategic focus.
Enquires: Telephone:
AVEVA Group plc
-------------------
David Ward, Deputy CFO and Company
Secretary +44 (0)1223 556655
-------------------
Claire Denton, Group General Counsel
and Deputy Company Secretary +44 (0)1233 556655
-------------------
FTI Consulting Telephone:
Ed Bridges/Dwight Burden +44 (0)20 3727 1400
--------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
RAGUGURPMUPBGCR
(END) Dow Jones Newswires
July 08, 2019 10:30 ET (14:30 GMT)
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