AVEVA : Amended Articles of Association

No. 2937296

The Companies Act 2006

Articles of Association of AVEVA Group plc

Public Company Limited by Shares

(Adopted by special resolution on 25 November 2022)

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	CONTENTS
ARTICLE	PAGE
PRELIMINARY .....................................................................................................................	1
1.	Exclusion of Model Articles and Table A......................................................................	1
2.	Definitions and Interpretation...................................................................................	1
SHARES 3
3.	Rights attaching to shares........................................................................................	3
4.	Redemption of shares..............................................................................................	3
5.	Purchase of shares..................................................................................................	3
6.	Financial assistance.................................................................................................	3
7.	Allotment at a discount............................................................................................	3
8.	Payment of commission and brokerage......................................................................	3
9.	Allotment of shares .................................................................................................	3
10.	Recognition of trusts ...............................................................................................	4
SHARE CERTIFICATES .........................................................................................................	4
11.	Uncertificated shares...............................................................................................	4
12.	Share certificates and right to share certificates..........................................................	5
13.	Share certificate of joint holders ...............................................................................	5
14.	Replacement of share certificates..............................................................................	6
15.	Payment for share certificates ..................................................................................	6
VARIATION OF RIGHTS........................................................................................................	6
16.	Variation of class rights ...........................................................................................	6
17.	Separate general meetings ......................................................................................	6
18.	Matters not constituting variation of rights .................................................................	6
CALLS ON SHARES..............................................................................................................	7
19.	Calls......................................................................................................................	7
20.	Timing and payment of calls.....................................................................................	7
21.	Liability of joint holders ...........................................................................................	7
22.	Interest due on non-payment of calls ........................................................................	7
23.	Deemed calls..........................................................................................................	7
24.	Power to differentiate between holders ......................................................................	7
25.	Payment of calls in advance .....................................................................................	7
FORFEITURE AND LIEN ........................................................................................................	8
26.	Notice if call or instalment not paid ...........................................................................	8
27.	Form of notice ........................................................................................................	8
28.	Forfeiture for non-compliance...................................................................................	8
29.	Notice after forfeiture ..............................................................................................	8
30.	Disposal of forfeited shares ......................................................................................	8
31.	Annulment of forfeiture............................................................................................	8
32.	Continuing liability ..................................................................................................	9
33.	Lien on partly-paid shares........................................................................................	9
34.	Enforcement of lien by sale ......................................................................................	9
35.	Application of sale proceeds .....................................................................................	9
36.	Statutory declaration...............................................................................................	9
TRANSFER OF SHARES .......................................................................................................	10
37.	Transfers of uncertificated shares ............................................................................	10
38.	Form of transfer ....................................................................................................	10
39.	Right to decline registration ....................................................................................	10
40.	Further rights to decline registration.........................................................................	10
41.	Notice of refusal to register .....................................................................................	10
42.	Retention of instruments of transfer .........................................................................	10
43.	No fee for registration ............................................................................................	11
44.	Destruction of documents .......................................................................................	11
TRANSMISSION OF SHARES................................................................................................	12
45.	Transmission on death............................................................................................	12
46.	Person entitled by transmission ...............................................................................	12
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47.	Restrictions on election...........................................................................................	12
48.	Rights of persons entitled by transmission ................................................................	12
UNTRACED SHAREHOLDERS................................................................................................	12
49.	Power to sell shares ...............................................................................................	12
50.	Power to sell further shares.....................................................................................	13
51.	Authority to effect sale ...........................................................................................	13
52.	No trust and forfeiture of net proceeds .....................................................................	13
53.	Authority to cease sending cheques .........................................................................	13
ALTERATION OF CAPITAL ....................................................................................................	14
54.	Consolidation and sub-division.................................................................................	14
55.	Fractions of shares.................................................................................................	14
56.	Reduction of share capital .......................................................................................	14
GENERAL MEETINGS ..........................................................................................................	14
57.	Annual general meeting ..........................................................................................	14
58.	Convening of general meetings................................................................................	15
59.	Insufficient directors to convene a general meeting....................................................	15
NOTICE OF GENERAL MEETINGS..........................................................................................	15
60.	Length and form of notice .......................................................................................	15
61.	Short notice ..........................................................................................................	15
62.	Omission or non-receipt of notice of resolution or meeting or proxy .............................	16
63.	Postponement of general meetings and/or change of place and/or facility .....................	16
PROCEEDINGS AT GENERAL MEETINGS ................................................................................	16
64.	Quorum ................................................................................................................	16
65.	Procedure if quorum not present..............................................................................	17
66.	Arrangements for simultaneous attendance, security and orderly conduct.....................	17
67.	Chair of general meetings and casting vote ...............................................................	19
68.	Adjournments........................................................................................................	19
69.	Entitlement to attend and speak ..............................................................................	19
70.	Amendments to resolutions .....................................................................................	20
71.	Method of voting and demand for a poll ....................................................................	20
72.	Timing and procedure for a poll ...............................................................................	21
VOTES OF MEMBERS ..........................................................................................................	21
73.	Votes of Members and of joint holders ......................................................................	21
74.	Voting on behalf of incapable Member ......................................................................	21
75.	Suspension of rights for non-payment of calls and non-disclosure of interests ...............	22
76.	Objections to and errors in voting ............................................................................	24
77.	Voting on a poll .....................................................................................................	24
78.	Execution of proxies ...............................................................................................	24
79.	Appointment of proxies...........................................................................................	24
80.	Delivery of proxies .................................................................................................	24
81.	Validity of proxies ..................................................................................................	25
82.	Authority of proxies................................................................................................	25
83.	Cancellation of proxy's authority ..............................................................................	26
84.	Corporate representatives.......................................................................................	26
85.	Powers of corporate representatives.........................................................................	26
DIRECTORS.......................................................................................................................	26
86.	Number of Directors ...............................................................................................	26
87.	Directors' shareholding qualification .........................................................................	26
88.	Age of Directors.....................................................................................................	26
89.	Other interests of Directors .....................................................................................	26
90.	Directors' fees .......................................................................................................	27
91.	Directors expenses.................................................................................................	27
92.	Additional remuneration..........................................................................................	27
ALTERNATE DIRECTORS .....................................................................................................	27
93.	Alternate Directors .................................................................................................	27
BORROWING POWERS ........................................................................................................	28
94.	Directors' borrowing powers and restrictions on borrowing ..........................................	28
POWERS AND DUTIES OF DIRECTORS ..................................................................................	31
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95.	Powers of Company vested in the Directors...............................................................	31
96.	Pensions, insurance and gratuities for Directors and others .........................................	31
97.	Local boards..........................................................................................................	32
98.	Attorneys..............................................................................................................	32
99.	Official seal ...........................................................................................................	32
100.	Overseas branch register ........................................................................................	32
101.	Directors' permitted interests and entitlement to vote ................................................	32
102.	Exercise of Company's voting powers .......................................................................	35
103.	Signing of cheques etc............................................................................................	36
104.	Minutes ................................................................................................................	36
DISQUALIFICATION OF DIRECTORS .....................................................................................	36
105.	Vacation of a Director's office ..................................................................................	36
RETIREMENT AND SUBMISSION FOR RE-ELECTION OF DIRECTORS .........................................	37
106.	Regular submission of Directors for re-election ..........................................................	37
107.	Appointment of Directors by separate resolution ........................................................	37
108.	Persons eligible for appointment ..............................................................................	37
109.	Casual vacancies and additional Directors - powers of Company ..................................	37
110.	Casual vacancies and additional Directors - powers of Directors...................................	37
111.	Power of removal by ordinary resolution ...................................................................	37
112.	Appointment of replacement Director .......................................................................	37
PROCEEDINGS OF DIRECTORS ............................................................................................	38
113.	Board meetings and participation.............................................................................	38
114.	Quorum at board meetings .....................................................................................	38
115.	Voting at board meetings........................................................................................	38
116.	Notice of board meetings ........................................................................................	38
117.	Directors below minimum .......................................................................................	38
118.	Appointment of chair and deputy chair of meetings ....................................................	38
119.	Delegation of Directors' powers to committees and otherwise......................................	39
120.	Validity of Directors' acts ........................................................................................	39
121.	Written resolution of Directors .................................................................................	39
MANAGING AND EXECUTIVE DIRECTORS ..............................................................................	39
122.	Appointment of executive Directors..........................................................................	39
123.	Remuneration of executive Directors ........................................................................	40
124.	Powers of executive Directors..................................................................................	40
SECRETARY.......................................................................................................................	40
125.	Appointment and removal of Secretary .....................................................................	40
THE SEAL..........................................................................................................................	40
126.	Use of Seal ...........................................................................................................	40
RESERVE ..........................................................................................................................	40
127.	Establishment of reserve.........................................................................................	40
DIVIDENDS .......................................................................................................................	41
128.	Declarations of dividends by Company......................................................................	41
129.	Payment of interim and fixed dividends by Directors ..................................................	41
130.	Restrictions on dividends and currency of dividends ...................................................	41
131.	Calculation of dividends ..........................................................................................	41
132.	Deductions of amounts due on shares and waiver of dividends ....................................	41
133.	Dividends other than in cash ...................................................................................	42
134.	Payment procedure ................................................................................................	42
135.	Interest ................................................................................................................	43
136.	Forfeiture of dividends............................................................................................	43
CAPITALISATION OF PROFITS AND SCRIP DIVIDENDS ...........................................................	43
137.	Power to capitalise .................................................................................................	43
138.	Authority required..................................................................................................	44
139.	Provision for fractions etc........................................................................................	44
ACCOUNTING RECORDS .....................................................................................................	44
140.	Accounting records to be kept .................................................................................	44
141.	Location of accounting records.................................................................................	45
142.	Inspection of accounting records..............................................................................	45
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143.	Power to extend inspection to Members ....................................................................	45
144.	Limit on Members' right to inspect ...........................................................................	45
AUDIT	45
145.	Appointment of Auditors .........................................................................................	45
NOTICES...........................................................................................................................	45
146.	Service of notice and curtailment of postal service .....................................................	45
147.	Members resident abroad........................................................................................	46
148.	Notice deemed served ............................................................................................	46
149.	Notice to joint holders ............................................................................................	46
150.	Service of notice on persons entitled by transmission .................................................	47
ELECTRONIC COMMUNICATION ...........................................................................................	47
151.	Electronic Communication .......................................................................................	47
PROVISION FOR EMPLOYEES...............................................................................................	47
152.	Provision for employees ..........................................................................................	47
WINDING UP .....................................................................................................................	48
153.	Distribution of assets..............................................................................................	48
INDEMNITY .......................................................................................................................	48
154.	Indemnity of directors ............................................................................................	48
155.	Funding of expenditure ...........................................................................................	48
LIMITED LIABILITY.............................................................................................................	48
156.	Limited liability ......................................................................................................	48
SCHEME OF ARRANGEMENT ................................................................................................	48
157.	Scheme of arrangement .........................................................................................	48

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