Result of AGM

RNS Number : 2978P

Baronsmead Venture Trust PLC

16 February 2021

 

Baronsmead Venture Trust Plc

("BVT" or the "Company")

Result of 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 10 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.

Resolution 11 (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 12 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.

Resolution 13 (special resolution): To authorise the Directors to convene a general meeting 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 2020	20,189,040	99.93	14,644	0.07	69,141	20,203,684	7.66%
Resolution 2 To declare a final dividend of 3.5 pence per share	20,204,705	99.98	3,225	0.02	41,515	20,207,930	7.66%
Resolution 3 To approve Directors' Remuneration Report for the year ended 30 September 2020	18,694,248	95.05	974,384	4.95	604,193	19,668,632	7.46%
Resolution 4 Re-election of Peter Lawrence	19,504,117	97.74	451,937	2.26	316,771	19,956,054	7.57%
Resolution 5 Re-election of Les Gabb	19,609,788	98.69	259,794	1.31	403,243	19,869,582	7.53%
Resolution 6 Re-election of Valerie Marshall	19,473,899	97.93	411,753	2.07	387,173	19,885,652	7.54%
Resolution 7 Re-election of Susannah Nicklin	19,668,885	98.91	216,767	1.09	387,173	19,885,652	7.54%
Resolution 8 Re-appointment of KPMG LLP as Auditor	18,783,789	94.28	1,138,889	5.72	350,147	19,922,678	7.55%
Resolution 9 Authorise Audit Committee to determine auditor remuneration	19,759,152	98.13	375,651	1.87	138,022	20,134,803	7.63%
Resolution 10 Authority to allot shares	19,770,347	98.98	204,560	1.02	297,918	19,974,907	7.57%
Resolution 11 Disapplication of pre-emption rights	19,142,813	96.05	786,311	3.95	336,114	19,929,124	7.56%
Resolution 12 Market purchases of own shares	19,895,340	98.77	247,082	1.23	130,403	20,142,422	7.64%
Resolution 13 General meeting called on not less than 14 clear days' notice	19,097,980	94.77	1,053,179	5.23	34,403	20,151,159	7.64%

A copy of the full text of resolutions 11 to 13 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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