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Micro Focus International to hold AGM

04 September 2017 07:49

Micro Focus International said it is holding its AGM this morning.

The company reported that Kevin Loosemore, Executive Chairman, will provide the following statement at the AGM:

"Friday, 1 September 2017 marked a major milestone in the history of Micro Focus with the completion of the merger with HPE Software, listing the new ordinary shares and consideration shares on the London Stock Exchange, the listing of our American depositary shares on the New York Stock Exchange and appointment of Chris Hsu as Chief Executive Officer of the enlarged group.

"The completion of the merger is the culmination of over 12 months work from employees and advisors on a very complex transaction.

"The Board recognises there has almost been a year of uncertainty between announcement and completion of the merger.

"Now this is over we can concentrate on combining the Enlarged Group and delivering the medium term benefits outlined when the transaction was announced.

"Stephen Murdoch stepped down from the Board on 1 September 2017 and is now the Chief Operating Officer of the enlarged group.

"The Board thanks Stephen for his service as a director and for his continued service to Micro Focus."

"HPE will announce its Q3 results on 5 September 2017, including HPE Software results for the three months ended 31 July 2017.

"Micro Focus is holding a Capital Markets Day on 7 September 2017 and will announce its Interim Results for the six months to 31 October 2017 on 8 January 2018.

"These Interim Results will include only 2 months trading of HPE Software.

"Micro Focus will now change its reporting reference date to 31 October and will report an 18 month financial period to 31 October 2018."

Story provided by StockMarketWire.com

Related Company: MCRO

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