Last checked at 2 Feb 2023 15:31
RESULTS OF AGM
The Sage Group plc. ("Sage")
2 February 2023
Sage announces that all resolutions proposed to shareholders at its Annual General Meeting held on 2 February 2023 (the "AGM") were carried by the requisite majority on a poll.
The following table shows the votes cast for and against each resolution and the number of votes withheld:
| Resolutions | Votes For | Percent of votes cast for | Votes Against | Percent of votes cast against | Total votes cast (excluding votes withheld) | Percent of total voting rights voted (excluding votes withheld) | Votes withheld |
1. | Receive the Annual Report and Accounts | 830,198,502 | 100.00 | 16,748 | 0.00 | 830,215,250 | 81.06% | 1,455,859 |
2. | Approve the Directors' Remuneration Report | 820,692,437 | 98.77 | 10,256,316 | 1.23 | 830,948,753 | 81.13% | 722,356 |
3. | Declare a final dividend | 831,538,987 | 100.00 | 5,503 | 0.00 | 831,544,490 | 81.19% | 126,619 |
4. | Elect Ms MC Jones | 830,922,175 | 99.97 | 221,332 | 0.03 | 831,143,507 | 81.15% | 520,224 |
5. | Re-elect Mr A Duff | 819,586,804 | 98.63 | 11,351,687 | 1.37 | 830,938,491 | 81.13% | 732,618 |
6. | Re-elect Ms S Anand | 830,961,460 | 99.97 | 260,855 | 0.03 | 831,222,315 | 81.16% | 448,794 |
7. | Re-elect Dr J Bates | 820,456,479 | 98.71 | 10,730,529 | 1.29 | 831,187,008 | 81.16% | 484,101 |
8. | Re-elect Mr J Bewes | 824,695,309 | 99.22 | 6,487,843 | 0.78 | 831,183,152 | 81.16% | 487,957 |
9. | Re-elect Ms A Court | 819,233,044 | 98.56 | 11,965,959 | 1.44 | 831,199,003 | 81.16% | 472,106 |
10. | Re-elect Mr D Hall | 810,253,702 | 97.48 | 20,934,386 | 2.52 | 831,188,088 | 81.16% | 483,021 |
11. | Re-elect Mr D Harding | 830,661,066 | 99.94 | 516,799 | 0.06 | 831,177,865 | 81.16% | 485,866 |
12. | Re-elect Mr S Hare | 831,142,201 | 99.98 | 181,737 | 0.02 | 831,323,938 | 81.17% | 347,171 |
13. | Re-elect Mr J Howell | 830,570,382 | 99.91 | 735,113 | 0.09 | 831,305,495 | 81.17% | 365,614 |
14. | Re-appoint the Auditors | 826,942,801 | 99.48 | 4,319,271 | 0.52 | 831,262,072 | 81.16% | 409,037 |
15. | Authority to determine the Auditors' remuneration | 831,372,689 | 100.00 | 22,945 | 0.00 | 831,395,634 | 81.18% | 275,475 |
16. | Political Donations | 824,188,625 | 99.14 | 7,156,359 | 0.86 | 831,344,984 | 81.17% | 326,125 |
17. | Non-executive Director fees | 829,718,965 | 99.81 | 1,590,503 | 0.19 | 831,309,468 | 81.17% | 361,641 |
18. | The Sage Group plc. 2019 Restricted Share Plan amendments | 822,864,632 | 99.02 | 8,172,126 | 0.98 | 831,036,758 | 81.14% | 634,351 |
19. | The Sage Group plc. 2023 Colleague Share Purchase Plan | 829,877,651 | 99.83 | 1,405,686 | 0.17 | 831,283,337 | 81.17% | 387,772 |
20. | Authority to allot new shares | 797,634,221 | 95.95 | 33,702,230 | 4.05 | 831,336,451 | 81.17% | 334,657 |
21. | General authority to disapply pre-emption rights* | 828,532,478 | 99.92 | 629,437 | 0.08 | 829,161,915 | 80.96% | 2,509,194 |
22. | Additional authority to disapply pre-emption rights* | 823,561,141 | 99.33 | 5,591,207 | 0.67 | 829,152,348 | 80.96% | 2,518,761 |
23. | Authority to purchase own shares on market* | 826,668,680 | 99.43 | 4,721,700 | 0.57 | 831,390,380 | 81.18% | 280,729 |
24. | General meetings to be held on not less than 14 clear days' notice* | 794,299,916 | 95.54 | 37,070,443 | 4.46 | 831,370,359 | 81.18% | 300,750 |
NOTES:
1. * Indicates a Special Resolution requiring 75% of votes cast to be carried.
2. All resolutions were passed.
3. Votes "For" and "Against" are expressed as a percentage of votes cast.
4. Votes "For" include discretionary votes given to the Chair.
5. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.
6. To view the full wording of the resolutions, please refer to the Notice of 2023 Annual General Meeting on Sage's website at www.sage.com/investors.
7. At 6.30 pm on 31 January 2023, the total voting rights of Sage were 1,024,165,354. This is based on the issued share capital of 1,100,789,295 ordinary shares reduced by the number of treasury shares of 76,623,941.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special resolutions (resolutions 21 to 24 inclusive) will be submitted to the National Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A copy of the AGM results as shown above will also be made available on Sage's website at www.sage.com/investors.
END
Name of contact: | Mohor Roy |
Telephone number of contact: | +44(0) 203 810 7200 |