Source - RNS
RNS Number : 4939J
Micro Focus International plc
12 September 2016
 

12 September 2016

 

Micro Focus International plc

 

Announcement of changes to AGM resolutions

 

 

Following discussions with ISS, IVIS and a number of shareholders, the Company announces changes to certain of the resolutions proposed by it at its forthcoming Annual General Meeting to be held on 22 September 2016 (the "AGM").  As a result of those discussions it is now intended that a motion will be put at the AGM to withdraw Resolution 20 (relating to the additional disapplication of statutory pre-emption rights). It is also proposed to seek the approval of  a motion at the AGM to amend Resolution 5 (relating to the approval  of a new Additional Share Grant ("ASG") programme) so as to provide that on a change of control of the Company the ASGs will not automatically vest in full but instead the extent to which they vest on a change of control will (i) be time apportioned (reflecting the time elapsed between the effective date of grant to the date of any change of control as a proportion of the normal vesting period of 3 years) and (ii) be subject to satisfaction of any performance conditions.

 

 

 

 

ENDS

 

Enquiries:

Micro Focus

Tel: +44 (0) 635 32646

Kevin Loosemore, Executive Chairman


Mike Phillips, Chief Financial Officer


Tim Brill, IR Director

 


Powerscourt

Tel: +44 (0) 20 7250 1446

Peter Ogden


Sophie Moate


 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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