Result of AGM

RNS Number : 4864K

Baronsmead VCT 3 PLC

16 April 2015

 



Baronsmead VCT 3 plc

(the "Company")

Result of AGM

The Company announces that all of the resolutions put to the shareholders at the Company's Annual General Meeting held at Saddlers' Hall, 40 Gutter Lane, London EC2V 6BR on Thursday 16 April 2015 were duly passed.

Resolutions 1 to 7 and 11 were passed as Ordinary Resolutions and Resolutions 8 to 10 were passed as Special Resolutions. The resolutions are set out below:

Resolution 1: That the Report and Accounts for the year to 31 December 2014 be received.

Resolution 2: That the Directors' Remuneration Report for the year ended 31 December 2014 be approved.

Resolution 3:  That Andrew Karney be re-elected as a Director of the Company.

Resolution 4: That Gillian Nott be re-elected as a Director of the Company.

Resolution 5: That Ian Orrock be re-elected as a Director of the Company.

Resolution 6: That KPMG LLP be re-appointed as the independent auditor and that the directors of the Company be authorised to determine their remuneration.

Resolution 7: That the Directors be authorised to allot shares in accordance with section 551 of the Companies Act 2006.

Resolution 8: That the Directors be authorised to disapply pre-emption rights under sections 570 and 573 of the Companies Act 2006.

Resolution 9: That the Company be authorised to make market purchases of its own ordinary shares.

Resolution 10: That general meetings may be called on not less than 14 clear days' notice.

Resolution 11: That the maximum aggregate fees permitted to be paid to the Directors be increased from £100,000 to £150,000.

A notice of the resolutions passed will shortly be available via the National Storage Mechanism, which is located at www.morningstar.co.uk/uk/NSM

For further information please contact Michael Probin, VCT Investor Relations

Livingbridge VC LLP Tel: [phone]

 

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RAGSFUFIMFISEEL