Result of General Meeting

British Smaller Companies VCT2 Plc

12 November 2024

 

BRITISH SMALLER COMPANIES VCT2 PLC

RESULT OF GENERAL MEETING

British Smaller Companies VCT2 plc (the "Company") announces that at the General Meeting of the Company held on 12 November 2024 the following special resolutions proposed at the meeting ("Resolutions") were duly passed on a show of hands.

In accordance with the Company's obligations under UK Listing Rules 11.4.1R and 6.4.2R, a copy of the Resolutions passed at the General Meeting has been submitted to the National Storage Mechanism and will shortly be available for viewing at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Special Resolutions

1.             THAT, subject to the sanction of the High Court, the amount standing to the credit of the share premium account of the Company, at the date an order is made confirming such cancellation by the Court, be and hereby is cancelled, and the amount by which the share capital is so reduced be credited to a reserve of the Company. 

2.            THAT, subject to the sanction of the High Court, the amount standing to the credit of the capital redemption reserve of the Company, at the date an order is made confirming such cancellation by the Court, be and hereby is cancelled, and the amount by which the share capital is so reduced be credited to a reserve of the Company.

3.            THAT, subject to the sanction of the High Court, the issued share capital of the Company be reduced by cancelling and extinguishing capital to the extent of 9.99 pence on each issued fully paid up Share and reducing the nominal value of each issued fully paid up Share from 10 pence per Share to 0.01 pence per Share at the date an order is made confirming such reduction by the Court, and the amount by which the share capital is so reduced be credited to a reserve of the Company.

For the purpose of these Resolutions, words and expressions defined in the circular issued to

Shareholders dated 17 October 2024 shall have the same meanings in these Resolutions, save where the

context requires.

Proxy votes received were:

Special Resolution	For %	Against %	Shares Withheld #
1.   To approve the cancellation of the Company's share premium account	98.72%	1.28%	-
2.   To approve the cancellation of the Company's Capital Redemption Reserve	98.14%	1.86%	-
3.   To approve the reduction in the nominal value of the Company's issued share capital	98.12%	1.88%	21,473

12 November 2024

For further information, please contact:

Marcus Karia	YFM Equity Partners	Tel: [phone]
Alex Collins	Panmure Liberum	Tel: [phone]

 

END