14th Jul 2006 10:54
AVEVA Group PLC14 July 2006 14 July 2006 AVEVA Group plc AGM statement & 3 for 1 share re-organisation AVEVA Group plc ("AVEVA"; stock code: AVV), the UK-headquartered internationalengineering software and services group, held its Annual General Meeting inCambridge today. All of the resolutions, as set out in the Notice of Meeting dated 7 June 2006,were approved by shareholders. This included a resolution authorising thesub-division of the Company's share capital, both issued and unissued, so thateach ordinary share of 10p nominal value is divided into 3 new ordinary sharesof 3 1/3p nominal value each. The re-organisation takes effect from 11.59 p.m. on 14 July 2006. Dealing in thenew ordinary shares is expected to commence at 8.00 a.m. on 17 July 2006. The Chairman, Nick Prest, made the following statement to shareholders at themeeting: "Last year AVEVA made excellent progress with good growth in all of our regionsdelivering record sales, profits and cash generation. Since the announcement ofour preliminary results on 18 May, I am pleased to report that that the Companycontinues to trade strongly. We are securing good volumes of new contracts. This has included so far thisyear the award of contracts by a consortium of power design institutes in Chinato supply software worth $2.8 million and by J. Ray McDermott, a leadingworldwide energy services company, to use VANTAGE Project Resource Management tostreamline global procurement and materials management processes. Our successcontinues to be driven by our leadership positions in high growth marine, oiland gas and power sectors, where we have long-term partnerships with blue chipcustomers. The Board remains confident that AVEVA will deliver another year of good growth." END Enquiries: Aveva Group plc Tel: 01223 556 611Richard Longdon, Chief ExecutivePaul Taylor, Finance Director Hudson Sandler Tel: 020 7796 4133Andrew HayesSandrine GallienJames Hill Note : Copies of the resolution to sub-divide the company's ordinary shares(which does not relate to ordinary business) are being submitted to the UKListing Authority and will shortly be available for publication at the UKListing Authority's Document Viewing Facility which is situated at: Financial Services Authority25 The North ColonnadeCanary WharfLondon E14 5HSTel. No: (0) 20 7676 1000 About AVEVA Group plc AVEVA Group plc is one of the world's foremost and fastest-growing lifecycleengineering IT solutions and services providers to the oil and gas, paper andpulp, power, chemical, pharmaceutical and shipbuilding industries. Listed on theLondon Stock Exchange (LSE:AVV), the Group reported pre-tax profits for the yearended March 2006 of GBP 11 million on revenues of GBP 66 million. The Group hasgrown consistently since 1967 on the strength of pioneering engineeringtechnology that protects the information assets of its customers from thevolatile nature of the IT industry. The Group's history of innovation spans five decades and has produced most oftoday's major engineering IT technologies. Serving over 1500 clients, AVEVA hasa dominant position in many market sectors both on and offshore. In May 2004,the Group acquired Tribon Solutions AB, the market-leading shipbuilding solutioncompany and now serves 85% of the world's top 20 shipbuilders. The Group's clients include leading plant owner operators, shipbuilders andengineering contractors such as ALSTOM Power, AMEC, BASF, China HuanqiuContracting & Engineering Corporation, Daewoo Heavy Industries, DaewooShipbuilding & Marine Engineering (DSME), Dalian New Shipbuilding, Du Pont,Electricite de France, Areva NP, Halliburton, Hanjin Heavy Industries, Hitachi,Hudong Zhonghua Shipyard, Hyundai Heavy Industries, Kawasaki Heavy Industries,Kawasaki Shipbuilding Corporation, Kvaerner, Merck, Mitsubishi Heavy Industries,Mitsui Engineering & Shipbuilding, North-West Electric Power Design Institute,Petronas Carigali, Samsung Engineering, Shanghai Waigaoqiao Shipbuilding, Shell,Sinopec Engineering Incorporation, STX Shipbuilding and Uhde. Headquartered in Cambridge, England, AVEVA Group plc and its operatingsubsidiaries currently employ more than 500 staff worldwide with offices inEngland, Australia, Canada, China, France, Germany, Hong Kong, India, Italy,Japan, Malaysia, Norway, Russia, Saudi Arabia, Singapore, Sweden, South Koreaand the USA. www.aveva.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AVV.L