Result of AGM

27 AUGUST 2020

NORTHERN 3 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 3 VCT PLC (“the Company”) announces that at the annual general meeting held on 27 August 2020 all of the resolutions set out in the notice of meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Mr James Ferguson, Mr Chris Fleetwood, Mr John Waddell and Mr Tim Levett. 

Details of proxy voting on the resolutions put to shareholders at the annual general meeting are as follows:

No	Resolution	For	No preference	Against	Vote withheld
1	To receive and approve the financial statements for the year ended 31 March 2020	7,256,764	331,535	7,933	32,940
2	To approve and declare a final dividend of 2.0p per share in respect of the year ended 31 March 2020	7,227,459	341,620	39,437	20,656
3	To approve the directors’ remuneration report in respect of the year ended 31 March 2020	6,468,550	368,825	522,866	268,931
4	To approve the Directors’ remuneration policy contained in the Directors’ remuneration report for the year ended 31 March 2020	6,448,620	368,825	515,881	295,846
5	To re-elect Mr J G D Ferguson as a director	6,895,337	368,825	256,140	108,870
6	To re-elect Mr C J Fleetwood as a director	6,820,528	368,825	331,017	108,802
7	To re-elect Mr J M O Waddell as a director	6,809,875	374,354	312,032	132,911
8	To re-elect Mr T R Levett as a director	6,937,181	375,143	212,717	104,131
9	To re-appoint KPMG LLP as independent auditor	6,555,207	374,354	564,041	135,570
10	To authorise the audit committee to fix the remuneration of the independent auditor	7,197,740	353,314	62,027	16,091
11	To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006	7,062,406	373,266	178,054	15,466
12	To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities	6,740,610	373,266	434,079	81,217
13	To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006	7,084,680	399,681	144,811	0

Enquiries:

Simon John/James Bryce, NVM Private Equity LLP - 0191 244 6000
Website:  www.nvm.co.uk

Martin Glanfield, Chief Financial Officer, Mercia Asset Management PLC – 0330 223 1430
Website: www.mercia.co.uk

Neither the contents of the NVM Private Equity LLP or the Mercia Asset Management PLC website,  nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC website (or any other website), are incorporated into, or forms part of, this announcement.