Annual General Meeting

Public limited companies are required to hold an Annual General Meeting, or AGM of shareholders at which decisions are taken on the company's business.  

The 'ordinary' business of the AGM is repeated every year and includes accepting the company's accounts for the year and fixing the proportion of a company's profits that will be paid back to shareholders as a dividend. The company directors often take this opportunity to put forward other business requiring the approval of shareholders e.g. renewal of a share plan.