Result of AGM

THE BIOTECH GROWTH TRUST PLC

(the "Company")

Results of the Annual General Meeting

The Board is pleased to announce that at the Annual General Meeting (AGM) of the Company held on Thursday, 18 July 2024 all resolutions as detailed below were duly passed by shareholders on a poll. 

Resolutions	Votes For	%	Votes Against	%	Total Votes Cast	Votes Withheld*
1. To receive the audited financial statements and the Report of the Directors for the year ended 31 March 2024.	9,341,023	99.97	2,814	0.03	9,343,837	1,848
2. To approve the Directors' Remuneration Report for the year ended 31 March 2024.	9,297,309	99.58	39,122	0.42	9,336,431	9,254
3. To elect Hamish Baillie as a Director of the Company.	9,326,509	99.85	14,088	0.15	9,340,597	5,088
4. To re-elect Geoff Hsu as a Director of the Company.	9,324,487	99.83	16,110	0.17	9,340,597	5,088
5. To re-elect Julia Le Blan as a Director of the Company.	9,092,656	97.35	247,840	2.65	9,340,496	5,188
6. To re-elect Dr Nicki Shepherd as a Director of the Company.	9,096,040	97.38	244,456	2.62	9,340,496	5,188
7. To re-elect The Rt Hon Lord Willetts as a Director of the Company.	9,049,367	96.89	290,754	3.11	9,340,121	5,563
8. To re-elect Roger Yates as a Director of the Company.	8,825,220	94.48	515,276	5.52	9,340,496	5,188
9. To re-appoint BDO LLP as auditor and to authorise the Audit Committee to determine their remuneration.	8,257,243	99.88	9,687	0.12	8,266,930	1,078,755
10. To authorise the Directors to allot securities in the Company.	9,321,581	99.79	19,686	0.21	9,341,267	4,418
11#. To disapply the rights of pre-emption in relation to the allotment of securities.	9,306,351	99.62	35,636	0.38	9,341,987	3,698
12#. To authorise the Company to make market purchases of Ordinary shares in the Company.	9,333,066	99.93	6,671	0.07	9,339,737	5,948
13#. That the Directors be permitted to hold General Meetings (excluding the AGM) on not less than 14 clear days' notice.	9,311,567	99.66	31,809	0.34	9,343,376	2,309

# - Special Resolution

* Please note that a `vote withheld' is not a vote in law and is not counted in the calculation of the proportion of votes `For' and `Against' a resolution.

Any proxy votes which are at the discretion of the Chairman have been included in the "For" total.

At the date of the AGM, the total number of Ordinary shares of 25p each in issue and the total number of voting rights was 32,887,198.

The proxy voting figures will shortly also be available on the Company's website at www.biotechgt.com

In accordance with Listing Rule 9.6.2, the full text of the resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Resolutions 10 to 13 will additionally be filed at Companies House.

18 July 2024

For further information please contact:

Katherine Manson

Frostrow Capital LLP - Company Secretary

020 3709 8734

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