AVEVA Group PLC AGM Resolution (3068K)
06 July 2017 - 7:29PM
UK Regulatory
TIDMAVV
RNS Number : 3068K
AVEVA Group PLC
06 July 2017
AVEVA Group plc ("the Company")
AGM Resolution
The notice of annual general meeting (AGM) of the Company to be
held on Friday 7 July 2017 includes the following Resolution:
Resolution 19 to approve amendments to the rules of the AVEVA
Group Senior Employee Restricted Share Plan 2015 (the "RSP") to
allow awards to be granted to Directors of the Company (the
"Resolution").
Following consultations with shareholders, the Company announces
that it no longer intends to seek shareholders' approval for this
Resolution at the AGM.
Chairman Philip Aiken said:
'We have been actively engaging with shareholders for some time.
Whilst we received considerable support during this process of
shareholder consultation, following feedback recently received in
relation to resolution 19, it is clear that the right course of
action for the Board, at this time, is to withdraw this Resolution.
It follows, therefore, that no awards will be granted to the
Directors under the RSP as currently envisaged under the proposed
new Directors' Remuneration Policy for which shareholder approval
is sought under resolution 3, unless subsequently approved by
shareholders in general meeting.'
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
MSCEANXKEASXEEF
(END) Dow Jones Newswires
July 06, 2017 05:29 ET (09:29 GMT)
Aveva (LSE:AVV)
Historical Stock Chart
From Apr 2024 to May 2024
Aveva (LSE:AVV)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Aveva Group Plc (London Stock Exchange): 0 recent articles
More Aveva Group News Articles