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Micro Focus Int plc - Result of AGM

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."





Micro Focus

Tel: +44 (0)1635 326646

Brian McArthur-Muscroft, Chief Financial Officer

Tim Brill, IR Director


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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Quick facts: Micro Focus International plc


Price: 398

Market Cap: £1.34 billion

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