Result of General Meeting

RNS Number : 3291N

Baronsmead VCT 2 PLC

28 January 2016

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR south africa OR any jurisdiction in which the same could be unlawful. the information contained herein does not constitute an offer of securities for sale in any jurisdiction, including in the united states, CANADA, australia, japan OR south africa. 

BARONSMEAD VCT 2 PLC

RESULT OF GENERAL MEETING HELD ON 28 JANUARY 2016

General Meeting

Further to the proposals in respect of the recommended merger of Baronsmead VCT 2 plc (the "Company") with Baronsmead VCT plc ("BVCT") and an offer for subscription to raise up to £10 million which were announced on 11 January 2016, at a general meeting of the Company's shareholders held today, the resolutions approving the proposals were passed. 

It should be noted that the scheme for the reconstruction and winding up of Baronsmead VCT plc under section 110 of the Insolvency Act 1986 (the "Scheme") remains conditional on, amongst other conditions, the passing of the special resolution to be proposed at the second general meeting of BVCT's shareholders convened for 8 February 2016.  The Scheme will not become effective unless this resolution is passed.

A copy of the resolutions passed at the General Meeting will shortly be available for inspection via the National Storage Mechanism. 

The proxy votes cast on the resolutions were as follows:

Resolution 1

Votes "For*":                           15,392,842

Votes "Against":                     123,013

Votes "Withheld":                  92,578

Resolution 2

Votes "For*":                           15,291,359

Votes "Against":                     133,832

Votes "Withheld":                  183,242

Resolution 3

Votes "For*":                           15,183,251

Votes "Against":                     280,225

Votes "Withheld":                  144,957

Resolution 4

Votes "For*":                           15,194,464

Votes "Against":                     141,860

Votes "Withheld":                  272,109

Resolution 5

Votes "For*":                           15,029,560

Votes "Against":                     347,867

Votes "Withheld":                  231,006

*      the votes "For" include those votes giving the Chairman discretion.

Enquiries:

For further information please contact.

Michael Probin - VCT Investor Relations Director

Livingbridge VC LLP

Tel: [phone]

Notes

This announcement is for information purposes only and does not purport to be full or complete and any decision regarding the Proposals should be made only on the basis of the Circular. 

 

END

 

 

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