Last checked at 25 Feb 2020 15:29
RESULTS OF 2020 AGM
The Sage Group plc.
25 February 2020
The Sage Group plc. ("Sage") announces that all resolutions proposed to shareholders at its Annual General Meeting (AGM) held on 25 February 2020 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:
Resolution | Votes For | % | Votes Against | % | Total votes | % of total voting rights voted | Votes withheld | |
1. | Receive the Annual Report and Accounts | 909,484,401 | 99.96 | 364,373 | 0.04 | 909,848,774 | 83.35% | 1,433,987 |
2. | Approve the Directors' Remuneration Report | 833,078,963 | 98.30 | 14,432,659 | 1.70 | 847,511,622 | 77.64% | 63,771,140 |
3. | Declare a final dividend | 910,954,852 | 100.00 | 1,382 | 0.00 | 910,956,234 | 83.45% | 326,528 |
4. | Elect Dr J Bates | 910,656,699 | 99.97 | 284,262 | 0.03 | 910,940,961 | 83.45% | 341,801 |
5. | Elect Mr J Bewes | 910,651,496 | 99.97 | 288,534 | 0.03 | 910,940,030 | 83.45% | 342,732 |
6. | Elect Ms A Court | 910,741,026 | 99.98 | 200,059 | 0.02 | 910,941,085 | 83.45% | 341,677 |
7. | Re-elect Sir D Brydon | 882,774,460 | 97.49 | 22,686,155 | 2.51 | 905,460,615 | 82.95% | 5,822,146 |
8. | Re-elect Mr D Hall | 890,764,834 | 98.23 | 16,096,172 | 1.77 | 906,861,006 | 83.08% | 4,421,756 |
9. | Re-elect Mr S Hare | 902,080,389 | 99.03 | 8,860,313 | 0.97 | 910,940,702 | 83.45% | 342,060 |
10. | Re-elect Mr J Howell | 901,675,046 | 98.98 | 9,269,805 | 1.02 | 910,944,851 | 83.45% | 337,911 |
11. | Re-elect Ms C Keers | 902,275,556 | 99.05 | 8,668,564 | 0.95 | 910,944,120 | 83.45% | 338,642 |
12. | Re-appoint the Auditors | 910,855,312 | 100.00 | 44,745 | 0.00 | 910,900,057 | 83.45% | 382,705 |
13. | Authority to determine the Auditors' remuneration | 910,914,059 | 100.00 | 32,423 | 0.00 | 910,946,482 | 83.45% | 336,280 |
14. | Political Donations | 898,175,449 | 98.95 | 9,529,211 | 1.05 | 907,704,660 | 83.16% | 3,578,102 |
15. | Authority to allot new shares | 888,362,570 | 97.52 | 22,567,521 | 2.48 | 910,930,091 | 83.45% | 352,671 |
16. | General authority to disapply pre-emption rights* | 910,742,067 | 99.99 | 130,526 | 0.01 | 910,872,593 | 83.45% | 410,169 |
17. | Additional authority to disapply pre-emption rights* | 898,409,753 | 98.64 | 12,424,131 | 1.36 | 910,833,884 | 83.44% | 448,877 |
18. | Authority to purchase own shares on market* | 906,747,670 | 99.55 | 4,136,595 | 0.45 | 910,884,265 | 83.45% | 398,496 |
19. | General meetings to be held on not less than 14 clear days' notice* | 863,425,119 | 95.12 | 44,298,832 | 4.88 | 907,723,951 | 83.16% | 3,558,811 |
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 Chairman.
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 2020 Notice of Annual General Meeting on Sage's website.
7. At 6.30 pm on 21 February 2020, the total voting rights of Sage was 1,091,568,122. This is based on the issued share capital of 1,120,789,295 ordinary shares reduced by the number of treasury shares of 29,221,173.
In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed as special resolutions (resolutions 16 to resolutions 19) have been submitted to the UK Listing Authority via the National Storage Mechanism and will be available for inspection at
http://www.morningstar.co.uk/uk/nsm.
A copy of the AGM results as shown above will also be made available on Sage's website.
END
Name of contact: | Mohor Roy |
Telephone number of contact: | +44(0) 191 294 3457 |