Result of AGM

RNS Number : 5636F

Baronsmead Venture Trust PLC

21 February 2018

 

Baronsmead Venture Trust 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 Wednesday, 21 February 2018 were duly passed.

Resolutions 1 to 6 and 8 to 10 were passed as Ordinary Resolutions and Resolutions 11 to 13 were passed as Special Resolutions. The Company announced on 5 December 2017 that Christina McComb had stepped down from the Board with immediate effect and, as a consequence, resolution 7 to re-elect her as a Director was withdrawn. The resolutions are set out below:

Resolution 1: To receive the Report of the Directors and Auditors and the Financial Statements for the year ended 30 September 2017.

Resolution 2: To declare a final dividend of 3.5 pence per share.

Resolution 3: To approve the Directors' Remuneration Report for the year ended 30 September 2017.

Resolution 4: To re-elect Peter Lawrence as a Director.

Resolution 5: To re-elect Les Gabb as a Director.

Resolution 6: To re-elect Valerie Marshall as a Director.

Resolution 7: To re-elect Christina McComb as a Director - Resolution withdrawn.

Resolution 8: To reappoint KPMG LLP as the Independent Auditors

Resolution 9: To authorise the Directors to determine the remuneration of KPMG LLP

Resolution 10: To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006.

Resolution 11: To authorise the Directors to disapply pre-emption rights pursuant to section 570 and 573 of the Companies Act 2006.

Resolution 12: To extend the authority to make market purchases of the Company's shares pursuant to section 693 (4) of the Companies Act 2006.

Resolution 13: To authorise the Directors to hold general meetings on 14 clear days' notice.

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

For further information please contact:

Baronsmead VCT Investor Relations

020 7506 5717

[e-mail]

 

END

 

 

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