IDOX PLC Result of AGM (2224Q)
February 25 2016 - 12:41PM
UK Regulatory
TIDMIDOX
RNS Number : 2224Q
IDOX PLC
25 February 2016
25 February 2016
Idox plc
Result of AGM
Idox plc (AIM: IDOX), a leading supplier of software and
services to the public and private sectors, announces that at its
Annual General Meeting ("AGM") held earlier today, all resolutions
were duly passed.
The Company also advises that a change to the wording of
resolutions 8 and 10 (the "Resolutions") was put to the AGM. Due to
a typographical error, the Resolutions made reference to the annual
general meeting of the Company to be held in 2016, whereas this
should have stated 2017. No objections were received to the amended
wording, and as such, the Resolutions were passed. The amended
wording is set out in full at the end of this announcement.
Enquiries:
Idox plc +44 (0) 870 333 7101
Laurence Vaughan, Chairman
Richard Kellett-Clarke, Chief Executive
Jane Mackie, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson
Liz Yong
MHP (Financial PR) +44 (0) 20 3128 8100
Reg Hoare/Andrew Leach/Charlie Barker
About Idox plc
Idox plc is a supplier of specialist document management
collaboration solutions and services to the public sector and
increasingly to highly regulated asset intensive industries around
the world in the wider corporate sector.
Its Public Sector Software Division is the leading applications
provider to UK local government for core functions relating to
land, people and property, such as its market leading planning
systems and election management software. Over 90% of UK local
authorities are now customers. The Division provides public sector
organisations with tools to manage information and knowledge,
documents, content, business processes and workflow as well as
connecting directly with the citizen via the web, and providing
elections management solutions. It also supplies in the UK and
internationally, decision support content such as grants and
planning policy information and corporates compliance services.
The Engineering Information Management Division delivers
engineering document control, project collaboration and facility
management applications to many leading companies in industries
such as oil & gas, architecture and construction, mining,
utilities, pharmaceuticals and transportation in North America and
around the world.
The Group employs over 660 staff located in the UK, the USA,
Canada, Europe, India and Australia.
www.idoxgroup.com
Amendments to the Resolutions:
Resolution 8:
That the directors of the Company be generally and
unconditionally authorised in accordance with section 551 of the
2006 Act to allot Relevant Securities (as defined in note 1 below)
up to an aggregate nominal amount of GBP1,170,000 (representing
approximately 33 per cent. of the issued share capital of the
Company), provided that this authority shall, unless renewed,
varied or revoked by the Company in general meeting, expire on the
conclusion of the annual general meeting of the Company to be held
in 2017, save that the Company may at any time before such expiry
make an offer or agreement which might require Relevant Securities
to be allotted after such expiry and the directors may allot
Relevant Securities to be allotted in pursuance of such offer or
agreement notwithstanding that the authority hereby conferred has
expired. This authority is in substitution for all previous
authorities conferred on the directors in accordance with section
551 of the 2006 Act.
Resolution 10:
That the directors of the Company be generally empowered
pursuant to section 570 of the 2006 Act to allot equity securities
(as defined in section 560 of the 2006 Act) for cash as if section
561(1) of the 2006 Act did not apply to any such allotment pursuant
to the general authority conferred on them by resolution 8 above
(as varied from time to time by the Company in general meeting)
PROVIDED THAT such power shall be limited to:
(a) the allotment of equity securities in connection with a
rights issue or any other offer to holders of Ordinary Shares in
proportion (as nearly as may be practicable) to their respective
holdings and to holders of other equity securities as required by
the rights of those securities or as the Directors otherwise
consider necessary, but subject to such exclusions or other
arrangements as the Directors may deem necessary or expedient in
relation to treasury shares, fractional entitlements, record dates,
legal or practical problems in or under the laws of any territory
or the requirements of any regulatory body or stock exchange;
and
(b) the allotment (otherwise than pursuant to sub paragraph (a)
above) of equity securities up to an aggregate nominal amount of
GBP178,189 being approximately 5 per cent. of the issued share
capital of the Company,
and the power hereby conferred shall operate in substitution for
and to the exclusion of any previous power given to the directors
pursuant to section 570 of the 2006 Act and shall expire on the
conclusion of the annual general meeting of the Company to be held
in 2017 (unless renewed varied or revoked by the Company prior to
or on that date) save that the Company may, before such expiry,
make an offer or agreement which would or might require equity
securities to be allotted after such expiry and the directors may
allot equity securities in pursuance of such offer or agreement
notwithstanding that the power conferred by this resolution has
expired.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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