Micro Focus International plc Result of AGM (5471U)
30 March 2019 - 3:00AM
UK Regulatory
TIDMMCRO
RNS Number : 5471U
Micro Focus International plc
29 March 2019
29 March 2019
Micro Focus International plc
Results of Annual General Meeting
The Annual General Meeting of Micro Focus International plc
("Micro Focus", LSE: MCRO.L) was held at The Lawn, 22-30 Old Bath
Road, Newbury, Berkshire, RG14 1QN at 10.00 a.m. on Friday 29 March
2019.
The full text of the Resolutions is shown in the Notice of
Annual General Meeting. Full details of the poll vote on each
Resolution will be available on our website here.
and a copy has been submitted to the National Storage Mechanism
and will shortly be available for inspection at:
www.morningstar.co.uk/uk/NSM
We are pleased to have received majority shareholder support for
all the resolutions proposed at the AGM with the exception of
Resolution 3 - the approval of the Remuneration Report - which
received a 50.4% vote against.
We have engaged with a large number of our major shareholders
over the course of the year and in recent weeks, and would like to
thank them for giving us the opportunity to speak to them ahead of
our AGM. We are disappointed that many shareholders who voted in
favour of our remuneration policy in 2017 have not supported the
advisory vote on the Remuneration Report at this year's AGM.
Amanda Brown, chair of the remuneration committee said: "We
acknowledge and respect the concerns of our shareholders and have
already committed to undertake a thorough review of our reward
strategy this year with the objective of putting a new policy to
shareholders at the 2020 AGM. The remuneration committee will
continue to consult closely with shareholders throughout this
process, and reflect very carefully on any issues that they
raise."
Enquiries:
Micro Focus Tel: +44 (0)1635
326646
Brian McArthur-Muscroft, Chief Financial
Officer
Tim Brill, IR Director
Powerscourt Tel: +44 (0)20 7250
1446
Elly Williamson
Celine MacDougall
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise
software company supporting the technology needs and challenges of
the Global 2000. Our solutions help organizations leverage existing
IT investments, enterprise applications and emerging technologies
to address complex, rapidly evolving business requirements while
protecting corporate information at all times. Our product
portfolios are Security, IT Operations Management, Application
Delivery Management, Information Management & Governance and
Application Modernization & Connectivity. For more information,
visit: www.microfocus.com
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