Result of AGM

RNS Number : 6368O

Baronsmead Venture Trust PLC

01 February 2023

 

1 February 2023

Baronsmead Venture Trust Plc

("BVT" or the "Company")

Result of the 2023 Annual General Meeting

BVT is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a poll, including the following resolutions:

Resolution 11 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.

Resolution 12 (special resolution): To authorise the Directors to allot shares for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.

Resolution 13 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.

Resolution 14 (special resolution): To authorise the Directors to convene a general meeting, other than annual general meetings, on not less than 14 clear days' notice.

The results of the poll for each resolution were as follows:

Resolutions	Votes For	For (%)	Votes Against	Against (%)	Votes Withheld*	Total Votes	% of Issued Share Capital voted
Resolution 1 To receive and adopt the accounts for the year ended 30 September 2022	14,164,041	98.70	185,877	1.30	44,598	14,349,918	4.56
Resolution 2 To declare a final dividend of 2.75 pence per share	14,201,690	99.27	104,156	0.73	-	14,305,846	4.55
Resolution 3 To receive and approve Directors' Remuneration Report for the year ended 30 September 2022	11,925,679	88.34	1,574,376	11.66	772,407	13,500,055	4.29
Resolution 4 To approve Directors' Remuneration Policy	11,953,443	88.67	1,527,884	11.33	824,519	13,481,327	4.29
Resolution 5 Re-election of Fiona Miller Smith	12,620,514	93.21	919,490	6.79	765,842	13,540,004	4.30
Resolution 6 Re-election of Susannah Nicklin	12,965,166	94.95	689,940	5.05	650,740	13,655,106	4.34
Resolution 7 Re-election of Les Gabb	12,857,107	94.18	794,042	5.82	654,697	13,651,149	4.34
Resolution 8 Re-election of Michael Probin	12,795,515	92.66	1,014,132	7.34	496,199	13,809,647	4.39
Resolution 9 To re-appoint BDO LLP as the independent auditors	12,866,745	90.88	1,290,650	9.12	123,712	14,157,395	4.50
Resolution 10 Authorise the Directors to determine the remuneration of the independent auditors	13,865,316	98.20	254,222	1.80	186,308	14,119,538	4.49
Resolution 11 Authority to allot shares	13,685,420	96.52	492,788	3.48	127,638	14,178,208	4.51
Resolution 12 Disapplication of pre-emption rights	12,800,246	91.07	1,255,635	8.93	249,965	14,055,881	4.47
Resolution 13 Market purchases of own shares	13,947,883	98.23	250,837	1.77	107,126	14,198,720	4.51
Resolution 14 General meeting called on not less than 14 clear days' notice	12,459,410	87.72	1,744,944	12.28	101,492	14,204,354	4.52

* Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution.

A copy of the full text of resolutions 11 to 14 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information please contact:

Baronsmead VCT Investor Relations

020 3875 9862

[e-mail]

LEI 213800VQ1PQHOJXDDQ88

 

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