The general meeting of Avanquest Software's shareholders as held on December 10, 2013. The number of shareholders attending or represented corresponds to 8,581,014 shares, for a turnout of 41.7%.

All resolutions supported by the Board of Directors and submitted to ordinary and extraordinary votes were approved.  Only the sixteenth resolution, regarding authorizing the Board of Directors to increase the company's capital, reserved for participants in a company savings plan, was not adopted, the Board of Directors having opposed it.   

The voting results are attached to this press release.

The text of the resolutions submitted to the Combined General Meeting can be consulted on the Group's Internet site: www.avanquest-group.com:
http://www.avanquest-group.com

  Resolution Quorum Shares Votes Quorum Majority Aye Nay Abstention Approval
1 Approval of the individual financial statements for the financial year closed at June 30, 2013 4 112 989 9 028 815 8 581 014 Yes 4 290 507 8 029 614 551 400 0 Yes
2 Approval of the consolidated financial statements for the financial year closed at June 30, 2013 4 112 989 9 028 815 8 581 014 Yes 4 290 507 8 581 014 0 0 Yes
3 Allocation of the net earnings for the year 4 112 989 9 028 815 8 581 014 Yes 4 290 507 8 581 014 0 0 Yes
4 Approval of regulated agreements 4 112 989 9 028 815 8 581 014 Yes 4 290 507 7 989 905 591 109 0 Yes
5 Approval of regulated commitments in favour of Mr. Bruno Vanryb, Chairman of the Board 4 112 989 9 028 815 8 581 014 Yes 4 290 507 6 596 590 1 984 424 0 Yes
6 Approval of regulated commitments in favour of Mr. Pierre Cesarini, Managing Director 4 112 989 9 028 815 8 581 014 Yes 4 290 507 6 596 590 1 984 424 0 Yes
7 Ratification of the co-option of Mr. Todd Helfstein as director 4 112 989 9 028 815 8 581 014 Yes 4 290 507 7 990 445 590 569 0 Yes
8 Ratification of the co-option of Mrs. Ariane Gorin as director 4 112 989 9 028 815 8 581 014 Yes 4 290 507 8 581 014 0 0 Yes
9 Ratification of the co-option of Mr. Olivier Hua as director 4 112 989 9 028 815 8 581 014 Yes 4 290 507 8 581 014 0 0 Yes
10 Reappointment of Mr. Roger Bloxberg as director 4 112 989 9 028 815 8 581 014 Yes 4 290 507 7 990 445 590 569 0 Yes
11 Authorization of the BoD to operate on the Company's shares 4 112 989 9 028 815 8 581 014 Yes 4 290 507 7 990 445 590 569 0 Yes
12 Delegation of powers to the BoD for allotment of common shares existing and/or to be issued by the Company; 5 141 236 9 028 815 8 581 014 Yes 5 720 676 6 594 090 1 986 924 0 Yes

13 Delegation of powerS to the BoD for the purpose of issuing securities giving immediate or forward access to the Company's capital, with elimination of the shareholders' preferential subscription right in favour of a category of persons ensuring the underwriting of the Company's equity instruments 5 141 236 9 028 815 8 581 014 Yes 5 720 676 6 594 090 1 986 924 0 Yes
14 Delegation of powers to the BoD to issue common stock and securities giving access to the capital, in order to compensate contributions in kind granted to the Company and consisting of equity or other securities giving access to the capital 5 141 236 9 028 815 8 581 014 Yes 5 720 676 7 989 905 591 109 0 Yes
15

Authorization of the BoD to proceed to a capital increase, with elimination of the shareholders' preferential subscription rights in favour of a category of persons corresponding to shareholders holding an associated company's current account opened in the Company's books

 5 141 236 9 028 815 8 581 014 Yes 5 720 676 6 596 590 1 984 424 0 Yes
16 Authorization of the BoD to proceed to capital increases reserved for employees participating in a company savings plan and/or reserved sales of securities with elimination of the shareholders' preferential subscription rights 5 141 236 9 028 815 8 581 014 Yes 5 720 676 2 859 640 5 721 374 0 No
17 Authorization of THE BoD to reduce capital by cancellation of shares 5 141 236 9 028 815 8 581 014 Yes 5 720 676 8 029 614 551 400 0 Yes
18 Powers for formalities 5 141 236 9 028 815 8 581 014 Yes 5 720 676 8 581 014 0 0 Yes

Avanquest - General Meeting 10th of December - Report:
http://hugin.info/143369/R/1749303/589286.pdf


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Source: Avanquest Software via Globenewswire
HUG#1749303