Result of AGM

Result of AGM

NEW CENTURY AIM VCT PLC

New Century AIM VCT plc

Result of 2021 Annual General Meeting

New Century AIM VCT plc announces that at the Annual General Meeting (AGM) held today at 12.00pm, Resolutions 1 to 5 and 9 as set out in the Notice of the AGM dated 25 June 2021 were passed, while Resolutions 6 to 8 were not passed. The number of votes for and against each of the resolutions, and the number of votes withheld, were as follows:

		FOR		AGAINST		WITHHELD
Resolution		Votes cast	%	Votes cast	%	Votes cast
Ordinary Business
1	To receive, consider and adopt the financial statements for the period ended 28 February 2021	5,496,136	100.00%	0	0.00%	33,750
2	To declare a final dividend of 6.5 pence	5,529,886	100.00%	0	0.00%	0
3	To approve the Directors' Remuneration Report	5,496,136	100.00%	0	0.00%	33,750
4	To re-elect Geoff Gamble as a director	5,492,517	100.00%	0	0.00%	37,369
5	To re-appoint UHY Hacker Young LLP as auditors of the company and to authorise the directors to agree their remuneration	5,529,886	100.00%	0	0.00%	0
Special Business
6	To continue in being as a venture capital trust	1,642,251	29.70%	3,887,635	70.30%	0
7	To authorise the directors to allot relevant securities	1,787,739	32.53%	3,708,397	67.47%	33,750
8	To disapply Section 561 of the Companies Act 2006**	2,374,393	43.23%	3,118,124	56.77%	37,369
9	To authorise the directors to make market purchases of its own shares by utilising distributable reserves of the company**	5,496,136	99.39%	33,750	0.61%	0

** denotes a special resolution

The number of ordinary shares in issue as at the date of the 2021 Annual General Meeting is 7,860,937.

As Resolution 6 was not passed by the requisite majority, the Board will, as required by the Company’s articles of association, convene an extraordinary general meeting within 4 months of the AGM to consider resolutions on the future of the Company.

26 August 2021

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